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Mongolian Project Location Map
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October 2007 Ulaan Nuur Drill Hole Locations
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Location of Airag tenements (yellow) and Ulaan Nuur tenement (red)
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October 2007 Ulaan Nuur Cross Section
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Ulaan Nuur
East Asia minerals Corporation announced on May 3, 2007 it acquired the Ulaan Nuur uranium tenement (License 10081X) which is contiguous with the Airag project. Under the terms of the agreement, EAS will acquire 100% of the 1,508 hectare tenement for a one time payment of USD 60,000. Ulaan Nuur hosts a partially defined, potentially significant deposit of stratiform sandstone hosted uranium mineralisation.
Limited historical drilling was conducted at Ulaan Nuur during the Soviet era, resulting in the definition of at least nine shallow dipping, stratiform bodies of uranium mineralisation ranging in thickness from 0.1 to 3.5 metres and grading between 0.03 and 0.184% uranium. The mineralisation was traced for 600 to 800 metres along strike and up to 400 metres down dip, and was not closed off. The Soviets calculated a projected resource (P2 category) of 10,000 tonnes (22 million pounds) of contained uranium for the Ulaan Nuur deposit (L.D. Chirpov and G.G. Illin, 1973, Report No. 2410, "Report on the prospecting-estimation works in the eastern part of Mongolia"). The Soviet data indicates an average grade of 0.049% uranium, representing a deposit of approximately 20 million tonnes.
The historic Ulaan Nuur data also provides EAS with evidence that the Project contains a potential ISL (in situ leach) environment. The data reports that the "lower productive horizon" is hosted entirely within uniformly shallow dipping and permeable sandstone, between an overlying clay horizon and an unconformably underlying conglomerate, which in turn overlies Proterozoic granite gneiss.
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