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| | July 17, 2006
East Asia Minerals Discovers New Copper Oxide Zones at Khok Adar; Receives Additional Khok Adar Drill Assays
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| | VANCOUVER, B.C. -- July 17, 2006--East Asia Minerals Corporation (TSXV-EAS) reports that its aircore grid drilling program has resulted in the discovery of new zones of copper oxide mineralization 600 metres northwest of the EC1 deposit and near the East Zone 1 prospect. Results from this program have also extended the known EC2 copper oxide target. The Company also announces additional RC drill results which extend the EC1 copper oxide deposit and the East Zone 1 prospect.
The aircore (RAB) grid drilling program was designed to explore beneath shallow transported gravels for additional mineralization along 3 kilometres of a 6 kilometre long mineralized corridor at Khok Adar where three previously discovered mineralized zones are located. A total of 428 relatively short holes have been completed. Target locations can be found at www.EastAsiaMinerals.com.
At the new discovery (Baruun Bayan) northwest of EC1, seven holes have intersected significant (>1000ppm) copper oxides over an area 200 metres by 400 metres. One hole in particular (KAAC-031) intersected 26 metres of 0.64% Cu and 29g/t Ag starting 1 metre below surface. This hole bottomed in mineralization due to the limitations of the aircore drill. The new zone remains open to depth and to the north and will be further drill tested with a larger drill.
Three new zones of copper oxide mineralization with silica-sericite alteration were also identified near East Zone 1, approximately 3 kilometres southeast of EC1. Additionally, seven aircore holes containing copper oxide enlarged the EC2 target, located 600 metres east of EC1, to 200 metres by 150 metres in surface extent.
"We are encouraged by the scout aircore grid drill results received to date at Khok Adar", commented Mike Hawkins VP Exploration. "This quick and inexpensive technique allows us to test large covered areas within the mineralized corridor and I am particularly excited by the discovery of a completely new copper oxide mineralized zone under one metre of cover. We can now return with an UDR (RC + DDH) drill to thoroughly test these newly identified targets."
EAS also reported additional Khok Adar reverse circulation (RC) drill assays. Highlights include the following:
Hole no. From (m) To (m) Interval Cu (%) Ag (g/t) Zn (%)
EC1RC-33 86.0 93.0 7.0 0.49 5.57
73.0 120.0 47.0 2.00
EC1RC-34 5.0 8.0 3.0 0.56 4.33
EC1RC-35D 19.0 29.0 10.0 0.35 2.10
25.0 41.0 16.0 1.24
EC1RC-36D 54.0 63.7 9.7 0.87 23.6
KAAC-031 1.0 27.0 26.0 0.64 29.0
Z1ERC-001D 70.0 108.0 38.0 1.88
121.0 141.0 20.0 1.52
148.0 166.0 18.0 3.54
173.0 177.0 4.0 3.14
Z1ERC-003D 76.0 83.0 7.0 2.07
*composite sections apply 0.2% Cu cut-off
Drill results recently received from EC1-33 to 36 continue to extend EC1 mineralization east of the fault which was earlier thought to truncate the EC1 deposit. Intercepts reported for EC1-35 and EC-36 are only partial results from the reverse circulation "pre-collar" top of the holes; the lower core sections of these holes are currently being assayed.
Recent drill results from the East Zone 1 prospect, located approximately 3 kilometres southeast of EC1, continue to verify the presence of extensive and increasingly high grade zinc mineralization in this area. Z1ERC-001D intersected 18.0 metres of 3.54% zinc and Z1ERC-003D intersected 7.0 metres of 2.07% zinc. Strongly anomalous zinc mineralization is often proximal to high grade copper at EC1 so it is likely that the drilling at East Zone 1 has intersected the margins of a potentially larger high grade copper bearing system which will be targeted by drilling in the near future.
A reverse circulation/diamond drill rig (UDR) supplied by Major Drilling is being mobilized to Khok Adar. It will begin drilling at the EC2 prospect, then move on to East Zone 1, followed by drilling of the new copper oxide zones defined by the aircore program.
Samples reported were assayed at ACTLABS in Ulaanbaatar, Mongolia. East Asia Minerals conducts a rigorous and continuous QA/QC program, which is detailed at www.EastAsiaMinerals.com. Mike Hawkins, M.Sc., MAusIMM, the designated QP within the meaning of 43-101, has reviewed and approves the content of this release.
About East Asia Minerals Corporation
East Asia Minerals is an Asian-based Canadian mineral exploration company with projects in Mongolia and on-going acquisition targets in the East Asia Region. The Company has a 75% interest in the Khok Adar copper oxide discovery where an independent resource study is in progress. It also has options to acquire 100% of six uranium properties, all located in central Mongolia, and has signed MOUs for 4 advanced copper-gold projects in Indonesia. East Asia currently has 42,801,706 shares outstanding. The Company's shares are listed for trading on the TSX Venture Exchange under the symbol "EAS".
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FOR FURTHER INFORMATION, visit the Company's website at www.EastAsiaMinerals.com, or contact:
Lyndon Bradish, President and CEO
T: +852 2719-1551 (Hong Kong)
E: [email protected]
Nick Kohlmann, Corporate Communications
T: +1-416-540-6181 (Toronto)
E: [email protected]
Should you wish to receive Company news via email, please email [email protected] and specify "EAS News" in the subject line.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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