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East Asia Minerals owns eight uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and two phosphate properties in Mongolia.
During 2008 EAS strengthened its Mongolian portfolio by acquiring additional uranium and phosphate licenses. EAS controls 100% of all new licenses. Highlights of 2008 exploration efforts include completion of soil gas surveys on several uranium prospects, identifying two discrete anomalies of high priority on each of two project areas.
Project |
Name |
Hectares |
Commodity |
Deposit Type |
Highlights |
U1 |
Ingenii (Nars) |
104,255 |
Uranium |
SHSB, ISL |
NE extension of Nars Deposit. Stacked lenses in reduced potential zones in unconsolidated sediments. Soviet-era P1 category resource of 2.2 million pounds U. Intersections of 0.023 - 0.068% U up to 7m thick open along strike. 2008: EAS Soil Gas Hydrocarbon soil geochemistry defined new targets 10 km NNE of main Nars target. |
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U2 |
Ulaan Nuur |
1,505 |
Uranium |
SHSB, ISL |
Soviet-era P2 category resource of 22 million pounds U. potential. 2007: EAS drilled tabular bodies 150-300m wide @0.017 - 0.205% U, confirming Soviet data. |
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U3 |
Enger Ar |
1,648 |
Uranium |
SHSB & fracture control |
1985 Soviet discovery with 0.059% to 0.167% U in sediments fracture and 0.056% to 0.19% U in volcanics. 2008: EAS Soil Gas Hydro-controlled carbon survey defined new targets 2km NNE of drill area. |
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U4 |
Sevsuul Bulag |
1,540 |
Uranium |
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2008 EAS ground radiometric survey confirmed 3 x 1km strong uranium anomaly. Results of 32 selective rock chip samples range from 0.01% to 0.1% U3O8. |
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U5 |
Nogoon |
17,902 |
Uranium |
sandstone |
In Choir Basin about 45km SE of Haraat Deposit. Historical Toirom with lignite drilling reported 0.7m @ 0.02% U. |
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U6 |
Tsagaan Del |
26,242 |
Uranium |
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License acquired 07/08. Historic 3,510m drilling in 53 holes. 2.5m @ 0.186% U. |
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U7 |
Unegt |
11,055 |
Uranium |
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2008: EAS ground radiometric survey defined two anomalies: West: 200m x 10m, East: two 20m thick outcrops over 2.5km strike. 17 selective rock chip samples with 0.01% to 0.08% U3O8. |
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U8 |
Delger |
9,321 |
Uranium |
SHSB, ISL |
License granted 01/08. Data and ground check required. (Gobi Altai) potential |
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U9/10 |
Ugtam 1 & 2 |
4,425/332 |
Uranium |
SHSB, ISL |
Located in high potential Dornod region (Mardai and Gurvan-potential bulag deposits) 200-570 m deep targets speculated by Soviets. |
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U11 |
Uvor Hudag |
4,184 |
Uranium |
SHSB, ISL |
License granted 2008. Data and ground check required. potential |
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Ph1 |
Davaa |
1,745 |
Phosphate |
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License granted 09/08. Located adjacent and on strike to world-class rock phosphate reserves in the Khuvsgul Basin. |
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Ph2 |
Ikh Uul |
11,723 |
Phosphate |
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License granted 09/08. Located adjacent and on strike to world-class rock phosphate reserves in the Khuvsgul Basin. |
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SHSB = sediment hosted, stratabound ISL = In-situ leach |
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* East Asia Minerals Corporation has not verified the classification of the historic resource references and is not treating them as NI43-101 defined resources verified by a QP. Although the historical references are relevant to recognizing potential, they should not be relied upon. |
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