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| | August 24, 2010
East Asia Minerals Verifies Miwah Drill Results via Independent Qualified Third Party
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| | For Immediate Release, August 24, 2010 TSXV: EAS
VANCOUVER, B.C. -- Tuesday, August 24, 2010 -- East Asia Minerals Corporation (TSXV-EAS) announces that an independent third party verification has been completed for diamond drill core collected at the Company's Miwah Gold Project in Aceh Province, Northern Sumatra, Indonesia. The results from this most recent study, completed by an independent consulting firm, have validated the veracity of gold assays reported by East Asia Minerals for drill core sampled throughout the course of exploration at its flagship Miwah Gold Project.
This independent third party validation was conducted for drill holes EMD001 to EMD030 and complies with East Asia's policy of robust QAQC protocols and technical excellence. Although East Asia Minerals undertakes a continuous and robust QAQC program at all of its exploration projects, including independent Qualified Person validations at various times throughout ongoing drill campaigns, the announcement of these independent results for Miwah are designed to put to rest rumblings from some quarters of the industry and investment community.
Findings of the independent third party verification conclude that 1) the core sampling, analytical and QAQC protocols used by East Asia Minerals at Miwah are in line with industry practice and are considered by the independent third party to be in-line with international best practice, and 2) the sampling by the independent third party returned gold values of similar tenor to the values previously reported by East Asia Minerals and confirmed the presence of a well mineralized gold and silver system at Miwah. The independent third party is confident, following their site visit and the results of its sampling, that the general range of gold and silver values reported by East Asia Minerals are representative of the values that can be expected from the Miwah deposit.
L. Martin, P.Geo., the designated QP within the meaning of NI 43-101, has reviewed/approves the content of this release.
About East Asia Minerals Corporation
East Asia Minerals (EAS-TSXV) is an Asian-based, Canadian mineral exploration company with gold and copper exploration properties in Indonesia, and uranium exploration properties in Mongolia. In Indonesia the Company has a 70 to 85% interest in six advanced gold and gold-copper properties located in Aceh Province, Sumatra, and Sangihe Island, North Sulawesi. Two of these, the Sangihe (Binebase-Bawone) and Barisan 1 (Abong) gold projects, are being advanced to define NI43-101 compliant resources. The Company owns eight uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and two phosphate properties in Mongolia. East Asia currently has 75,580,872 shares outstanding. Its shares are listed for trading on the TSX Venture Exchange under the symbol "EAS".
Forward Looking Statements - This News Release contains forward looking information within the meaning of the British Columbia Securities Act, the Ontario Securities Act and the Alberta Securities Act, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with our expectations, metal recoveries, accidents, equipment breakdowns, title matters and surface access, labour disputes or other unanticipated difficulties with or interruptions in production, the potential for delays in exploration or development activities or the completion of new or updated feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations (including uranium, fuel, steel and construction items), currency fluctuations, failure to obtain adequate financing on a timely basis and other risks and uncertainties. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. The words anticipate, believe, estimate and expect and similar expressions, as they relate to us or our management, are intended to identify forward looking statements relating to the business and affairs of the Company. Except as required under applicable securities legislation, we undertake no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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FOR FURTHER INFORMATION, visit the Company's website at www.EAminerals.com, or contact:
Michael Hawkins, President and CEO Vancouver T: +1-604-684-2183 E: [email protected]
Nick Kohlmann, Corporate Communications Toronto T: +1-416-792-8734 E: [email protected] |
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| | You can view the Next News Releases item: Wed Aug 25, 2010, East Asia Minerals Appoints Dr. Darryl Clark as VP Exploration
You can view the Previous News Releases item: Tue Aug 10, 2010, East Asia Intercepts 0.4 g/t Gold, 0.2% Copper Over 415.1 Metres, Ending in 0.5 g/t Gold, 0.2% Copper Over 279.4 Metres at Lower Tengkereng Porphyry Project
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