East Asia encounters 6.29 g/t gold over 11.0 metres, contributing to upcoming resource estimate at Abong prospect
16-MAY-2008 Intellasia | Marketwire
May 16, 2008 - 7:00:00 AM
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East Asia Minerals Corp (TSX VENTURE:EAS -News) is pleased to report that its diamond drilling at the shallow dipping, near-surface Abong Jasperoid Prospect, Aceh Province, Indonesia, continues to contribute gold-bearing intercepts for the end of the year resource estimate. Assays have been received for diamond drill holes ABD-26 to ABD-32, and are highlighted by the highest grade intercept to date (ABD-32 with 6.29 g/t gold over 11.0 metres) and the thickest intercept to date (ABD-31 with 1.26 g/t gold over 18.0 metres, including 1.62 g/t gold over 10.0 metres). The drill rig continues to make good progress.
ABD-31 was collared to test the newly identified Koro Sesuk NE trending structure that was identified from drill holes ABD-06, ABD-18 and ABD-19. ABD-31 intersected the thickest intersection of gold mineralised jasperiodal silica-sulphide breccia with quartz-sulphide overprint to date.
ABD-32 was collared 50 metres northwest of ABD-01 (10 metres at 2.81 g/t gold) to test for width extension of the Sinkhole Lode. This hole intersected multiphase silica-sulphide (jasperiodal silica) and minor crustiform-colloform quartz-sulphide overprint alteration.
Resource stage exploration drilling remains focused along the 3 x 1.5 kilometre Abong Corridor, where epithermal gold mineralisation is controlled by late-stage open space infilling within an extensive outcropping/sub-cropping jasperoid "blanket". The mineralised jasperoid has been outlined for greater than 1,500 metres strike and up to 750 metres width, and is typically 10 to 15 metres thick. It remains open along the northwest-southeast strike direction, and across strike in the southwest-northeast direction (view map at www.EAminerals.com). Continuing surface work has outlined the potential for an additional 1,500 metres strike potential.
Abong drill assays to date;
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Drill Hole From (m) To (m) Interval (m) Gold (g/t)
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ABD-1 21.0 31.0 10.0 2.81
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ABD-2 63.0 73.0 10.0 1.78
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ABD-3 14.0 23.0 9.0 4.84
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ABD-4 1.0 8.0 7.0 0.23
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ABD-5 1.0 9.0 8.0 2.32
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ABD-6 21.0 38.0 17.0 1.02
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Including 22.0 32.0 10.0 1.42
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ABD-7 0.0 12.0 12.0 2.24
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ABD-8 3.0 14.0 11.0 1.77
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Including 3.0 12.0 9.0 2.10
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ABD-9 0.0 24.0 24.0 1.00
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Including 0.0 12.0 12.0 1.56
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ABD-10 0.0 12.0 12.0 1.72
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And 19.0 32.0 13.0 1.17
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ABD-11 2.0 12.0 10.0 0.29
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ABD-12 27.00 30.00 3.0 0.03
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ABD-13 6.0 16.0 10.0 1.07
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ABD-14 -- -- -- none significant
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ABD-15 11.0 22.0 11.0 0.85
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Including 12.0 17.0 5.0 1.32
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ABD-16 27.0 36.0 9.0 1.67
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Including 27.0 34.0 7.0 2.10
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ABD-17 1.0 34.0 33.0 0.32
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ABD-18 1.0 17.0 16.0 1.03
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Including 2.0 12.0 10.0 1.54
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ABD-19 1.0 15.0 14.0 1.44
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Including 1.0 7.0 6.0 2.94
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ABD-20 50.0 57.0 7.0 0.44
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ABD-21 -- -- -- none significant
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ABD-22 22.0 33.6 11.6 0.71
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Including 25.0 32.0 7.0 1.03
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ABD-23 20.0 37.0 17.0 2.80
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Including 21.0 32.0 11.0 4.14
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ABD-24 35.0 44.0 9.0 1.08
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And 48.0 50.0 2.0 1.19
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ABD-25 54.0 66.0 12.0 3.08
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Including 56.0 60.0 4.0 7.97
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ABD-26 -- -- -- none significant
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ABD-27 1.0 10.0 9.0 1.95
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ABD-28 1.0 12.0 11.0 1.08
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ABD-29 -- -- -- none significant
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ABD-30 28.0 30.0 2.0 0.96
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ABD-31 7.0 25.0 18.0 1.26
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Including 9.0 19.0 10.0 1.62
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ABD-32 41.0 52.0 11.0 6.29
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Samples reported were assayed at Intertek Laboratories in Jakarta. Michael Hawkins, M.Sc., MAusIMM, the designated QP within the meaning of NI43-101 has reviewed and approves the content of this release.
About East Asia Minerals Corporation
East Asia Minerals 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 Co 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 drilled to define NI43-101 compliant resources. The Co owns ten uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and a 75% interest in the Khok Adar copper oxide discovery in Mongolia. East Asia currently has 55,645,372 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 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 materialise, 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.
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Contact:
Michael Hawkins
East Asia Minerals Corp -Vancouver
President and CEO
(778) 997-2183
Email: Hawkins@EAminerals.com
Nick Kohlmann
East Asia Minerals Corp -Toronto
Corporate Communications
(416) 792-8734
Email: Kohlmann@EAminerals.com
Website: www.EAminerals.com
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