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| | January 09, 2006
East Asia Minerals Identifies Deren Targest And Resumes Khok Adar Drilling
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| | VANCOUVER, B.C. -- January 9 -- East Asia Minerals Corporation (TSXV-EAS) has identified drill targets at its Deren gold project, resumed drilling at the Khok Adar copper project and is pursuing additional energy projects in Mongolia.
Mapping and analysis of 1000 soil and rock chip samples have identified 5 drill targets on the Company's Deren gold project. Deren was identified as a high level, low sulphidation gold target. This interpretation has been supported by the identification of epithermal quartz veining and alteration over 6 km of strike during field mapping. "This is an exciting exploration opportunity and these targets will be drill tested as soon as a drill becomes available" stated Lyndon Bradish, President of East Asia Minerals. "We eagerly await the opportunity to test for a potential intact high grade gold deposit."
Drilling resumed January 7th, 2006 at the Khok Adar copper project after the planned Holiday break which began December 20th, 2005. Nine holes of a planned 43 hole drill program were completed by the end of 2005. Assay results from those holes are pending. This drill program is designed to delineate the identified high grade copper oxide zones, EC-1 and EC-2. Highlights from previous drilling on EC-1 and EC-2 include: 56m @ 7.4% Cu from KA-05-05 and 81.1m @ 4.58% Cu from KA-05-06 at EC-1 and 13m @ 2.14% Cu from KA-05-01 in EC-2. Additional copper targets identified during last season's field program will also be drill tested.
East Asia Minerals continues to evaluate its energy portfolio and has completed initial investigation of its four optioned uranium properties. As previously announced, wholly owned EAM Energy XXK (Mongolia) has been formed and all energy related projects and tenements are being transferred into this energy company. Negotiations are currently underway on several additional, key coal and uranium projects. The Board will make a decision on the spin out of the energy company pending completion of the annual accounting audit and recommendations from the Company's tax advisors on this matter.
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 acquired options to four uranium properties and the Deren low sulphidation 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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