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Re: News Releases - Monday, June 07, 2010
East Asia Minerals Advances the Miwah Main Zone North; Encounters
2.01 g/t Gold Over 44 Metres Within 103.5 Metres Grading 1.07 g/t
Gold
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For Immediate Release, June 7, 2010 TSXV: EAS
VANCOUVER, B.C. -- Monday, June 7, 2010 -- East Asia Minerals
Corporation (TSXV-EAS) announces that drilling has extended gold
mineralization further to the north at the Miwah Gold Project in Aceh
Province, Northern Sumatra, Indonesia, confirming the open northern
potential. EMD029 encountered 1.07 g/t gold over 103.5 metres,
including 2.01 g/t gold over 44 metres, extending the Miwah Main Zone
north from EMD024 where 3.96 g/t gold over 111 metres, including 15.74
g/t gold over 22 metres was drilled. East Asia Minerals has now
drilled nearly 600 metres in a continuous north-south section of the
Miwah Main Zone, between EMD029 and 022, and has encountered gold in
all holes (EMD018, 019, 022 to 024, 027 and 029).
EMD029 was drilled with a due south azimuth and 60 degree dip to test
for the extension of alteration and mineralization from high-grade hole
EMD024. It is a 210 metres north step-out from EMD024 and was
completed at 350 metres. The hole encountered 1.07 g/t gold from 110
to 213.5 metres, including 2.01 g/t gold from 128 to 172 metres and
6.75 g/t gold from 133 to 140 metres. The mineralization is open in all
directions, and is interpreted to be contiguous south towards EMD024.
EMD030 was drilled with a 45 degree azimuth and 47 degree dip from the
EMD028 location to test for the extension of silicification and
mineralization to the north of EMD021. The hole was completed at 210
metres downhole depth and encountered 1.07 g/t gold from 51 to 86.3
metres, including 3.23 g/t gold from 78 to 86.3 metres. Gold grading
0.39 g/t was also encountered deeper in the hole from 122 to 151.5
metres. The mineralization is open in all directions and extends the
Miwah Main Zone west from EMD018 and 019 which respectively encountered
4.08 g/t gold over 81 metres, including 9.29 g/t gold over 21 metres;
and 2.18 g/t gold over 116 metres, including 3.28 g/t gold over 61
metres.
EMD031 was drilled with a due south azimuth and 30 degree dip from the
EMD028 location to further test the extension of alteration and
mineralization to the west of the Miwah Bluff portion of the Miwah Main
Zone. The hole was completed at 200 metres downhole depth and
encountered visually altered and mineralized rock from 58 to 102 metres
and 120.1 to 124.4 metres. From 124.4 metres to the end of hole,
drilling encountered fault breccia with strong to intense fracturing
and argillic alteration. Assays are pending.
EMD032 was drilled with a due west azimuth and 55 degree dip to test
west of the Miwah Main Zone from EMD028. The hole was completed at 200
metres downhole depth and encountered visually favourable
alteration/mineralization from 85 to 90 metres, and 108 to 146 metres.
EMD032 has significantly opened the western extension of the gold
mineralization beyond all previous EAS and historic drilling, and
coincides with the Company's down-dropped block faulting model along
the flanks of the Miwah Main Zone. This block faulting has resulted in
an apparent gentle west dip to the mineralized body. Assays are
pending.
EMD033 is still in pre-collaring and is planned to test northeast from
EMD014/026 using a 030 degree azimuth and 55 degree dip; the target is
extension of alteration and mineralization to the northeast of the
Block M portion of the Miwah Main Zone, and southwest of Moon River.
EMD034 has just commenced and is using a due east azimuth and 47 degree
dip to test further west of the Miwah Main Zone from EMD032. (Refer to
drill location map at www.EAminerals.com).
East Asia has drill validated the 1.2 kilometre east-west outcropping
width of the shallow, laterally extensive Miwah Main Zone, and has
encountered gold mineralization in all of its holes. The Miwah Main
Zone remains open in all directions with the Moon River area expanding
the north-south potential to more than 600 metres, whilst remaining
open further to the north towards Sipopok. Drilling has extended the
Miwah Main Zone towards a similar northing as Moon River. Sampling
west of the Miwah Main Zone in the Signal area has potentially expanded
the east-west width another 600 metres and remains open.
Miwah Background
The Miwah Gold Prospect was partially defined by approximately 3,100
metres of drilling in twelve holes by a previous explorer in 1997. All
holes drilled during this program intersected significant alteration
and mineralization with intercepts including 71 metres of 1.4 g/t gold
and 58 metres of 1.1 g/t gold. The previous explorer suggested
potential for 100 Mt at 1.1 to 1.2 g/t gold, however a review of the
historical data indicates that early drilling was parallel to higher
grade (greater than 5 g/t gold) structures at surface. Hence, in
addition to greater mineralized tonnage, significantly higher overall
grades are anticipated from better geological understanding, results of
the Company's detailed sampling, and from the ongoing drill program
which is based on increased geological understanding. An example is
the intersection of 3.96 g/t gold over 111 metres, including 15.74 g/t
gold over 22 metres from East Asia's
Diamond drill hole EMD024.
Based on the Company's work Miwah is resolving into two components; a
large 1,200 metre long, at least 450 metre wide, approximately 200
metre thick tabular zone; and vertical diatreme breccia feeder zones
that are beneath and cut through this. At Miwah Gold Zones, East Asia
has almost 2,500 metres of rock sawn channel samples which average 2.35
g/t gold. Grade expectations in Main Miwah Gold Zone exceed 1.5 g/t
gold. Ongoing sampling verified the Company's confidence that higher
overall gold grades can be achieved due to the presence of multiple
high grade rock sawn channel samples throughout the strike, including
4.11 g/t gold over 200 metres at the eastern part of the Main Miwah
Gold Zone, and 4.35 g/t gold over 27 metres at the western part.
Recent drilling has supported this. In addition to the tabular zone
the Company has begun to characterize some of the diatreme breccia
feeder zones, with rock sawn channel samples including 83.59 g/t gold
over 24 metres and 20.14 g/t gold over 12 metres. Recent drilling has
supported this. These feeder zones have great potential to develop
into substantial tonnages of higher grade gold mineralization in an
area adjacent to the Main Miwah Gold Zone.
The Miwah Property is in a very similar volcanic setting to the Martabe
gold-silver deposit, also located in North Sumatra (Purnama and Baskara
resources: 127.8 million tonnes at 1.4 g/t gold (5.5 million ounces
gold) and 15 g/t silver (60 million ounces silver), and the alteration
system is of a comparable size. Miwah also exhibits a likeness to the
size, style and geometry of the alteration system developed at the
Pierina gold deposit in Peru (67.7 Mt grading 2.98 g/t gold and 22 g/t
silver, giving a total 6.49 million ounces gold and 47.9 million ounces
silver).
Samples reported were assayed at Intertek assay laboratories in
Jakarta. Lionel Martin, P.Geo., the designated QP within the meaning
of NI 43-101, has reviewed and approves the content of this release.
East Asia has not verified the classification of the resource
references and is not treating them as NI 43-101 defined resources
verified by a QP. Although the references of resources are relevant to
recognizing the potential of the Miwah project, they should not be
relied upon.
About East Asia Minerals Corporation
East Asia Minerals (EAS-TSXV) 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 Company 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 advanced to define
NI43-101 compliant resources. The Company owns eight uranium
properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger
uranium projects, and two phosphate properties in Mongolia. East Asia
currently has 75,387,872 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 British Columbia Securities Act,
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 materialize, 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
To receive or stop receiving EAS news via email, please email
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FOR FURTHER INFORMATION, visit the Company's website at
www.EAminerals.com, or contact:
Michael Hawkins, President and CEO Vancouver T: +1-604-684-2183 E:
Hawkins@EAminerals.com
Nick Kohlmann, Corporate Communications Toronto T: +1-416-792-8734
E: Kohlmann@EAminerals.com
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Copyright (c) 2010 EAST ASIA MINERALS CORPORATION (EAM) All rights
reserved. For more information visit our website at
http://www.eaminerals.com/ or send mailto:info@eaminerals.com
Message sent on Mon Jun 7, 2010 at 7:45:42 AM Pacific Time
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