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| | February 07, 2006
East Asia Minerals Reports New High Grade Copper Intercepts At Khok Adar, Including 59 Metres at 3.51% Copper
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| | VANCOUVER, B.C. -- February 7, 2006-- East Asia Minerals Corporation (TSXV-EAS) today announced it has received assays from the first nine holes of a planned 43 hole resource definition drilling program on the EC-1 copper oxide deposit at its Khok Adar project in Bayan Ulgii Province, Mongolia. High-grade copper oxide was encountered in several holes within the mineralized zone. Highlights are detailed below and include EC1-06 with 59m of 3.51% copper and 12.4 g/t silver (including 24m of 7.24% Cu and 24.0g/t Ag); EC1-07 with 56.5m of 1.77% copper and 19.0 g/t silver (including 17.3m of 4.82% Cu and 36.0 g/t Ag) and EC1-03 with 49.95m of 1.22% copper and 6.0 g/t silver (including 11.5m of 3.62% Cu and 5.8 g/t Ag).
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Hole No. From (m) To (m) Interval (m) Cu (%) Ag (g/t)
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EC1-01 0 105.77 105.77 0.49 3.0
incl. 26.7 40.5 13.8 1.39 5.6
incl. 78.75 81.9 3.15 1.59 1.7
EC1-02 0 54 54 0.76 5.0
incl. 5.3 13.3 8 2.37 11.8
EC1-03 30.3 80.25 49.95 1.22 6.0
incl. 32.3 43.8 11.5 3.62 5.8
EC1-04 5 44.2 39.2 0.72 3.0
incl. 10 14 4 3.05 1.0
Incl. 34.7 38.2 3.5 2.13 2.0
EC1-05 0 18 18 0.5 41.0
incl. 8.5 12.5 4 1.08 10.0
EC1-06 0 4.4 4.4 1.86 6.0
And 38.1 97.1 59 3.51 12.4
incl. 38.1 62.1 24 7.24 24.0
EC1-07 0 56.5 56.5 1.77 19.0
incl. 0 17.3 17.3 4.82 36.0
EC1-09 11.4 90.3 78.9 0.58 7.0
incl. 23.4 29.4 6 1.22 55.6
incl. 47 53 6 1.29 7.3
incl. 56 70.2 14 1.21 4.0
Significant mineralized intercepts in EC1-01 to EC1-09.
EC-1, as currently known, is a zone of high grade, exotic (remobilized) copper oxide exposed at surface over 250 x 100 metres. The mineralized zone strikes under cover to both the northeast and southwest and although drilling to date indicates it to be fault limited, the full extent of the copper-silver mineralization along this trend is not known at this time. The reported holes were drilled on four, 40 metre spaced sections across this zone, with holes drilled at -60 degrees on 40 metre centres along the sections. A drill hole location map and cross section can be viewed at www.EastAsiaMinerals.com. An additional 7 holes have been completed and are being logged and assayed. At the completion of the EC-1 drilling, drilling of EC-2 and the East Zone 1 copper discoveries will commence to test their potential to contain significant tonnes of oxide and chalcocite copper resources.
"We are currently focused on one of several known copper showings on the Khok Adar property. The Company is encouraged by the tenor of the shallow oxide copper intercepts received thus far and additional high grade intercepts are anticipated as drilling proceeds" stated Michael Hawkins, East Asia's Vice President of Exploration. "We are hoping to define a significant resource of near surface, high grade, SXEW extractable copper at the conclusion of this drill program."
Samples reported were assayed at Alec Stewart Laboratories in Kyrgyzstan. Check samples are assayed at McPhar Labs in Manila, Philippines. 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 is an Asian-based Canadian mineral exploration company with projects in Mongolia and on-going acquisition targets in the Philippines, China, Mongolia and PNG. The Company has met the earn-in requirements to acquire a 75% interest in the Khok Adar copper oxide discovery by completing USD 1 million of exploration. It also has options to acquire 100% of four uranium properties and the Deren low sulfidation epithermal gold project, all located in central Mongolia. East Asia currently has 40,572,629 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:
East Asia Minerals Corp.
Lyndon Bradish, President and CEO
Tel: +852 2719-1551 (Hong Kong)
Mobile +852 6103-9094
Fax: +852 2719-1664
E-mail: [email protected]
www.eastasiaminerals.com
CHF Investor Relations
Nick Kohlmann, M.Sc., Vice President
Tel: +1-416-868-1079 x222
Fax: +1-416-868-6198
Email: [email protected]
www.chfir.com
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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