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Re: News Releases - Monday, September 22, 2008
East Asia Minerals Commences Aceh Porphyry Copper-Gold Drilling
Program
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For Immediate release, September 22, 2008 TSXV: EAS
VANCOUVER, B.C. -- Monday September 22, 2008 -- East Asia Minerals
Corporation (TSXV-EAS) advises that the 3000 metre
Diamond drilling
program within EAS's highly prospective Barisan II Project area, in
Aceh, Indonesia, is underway.
The first hole at Upper Tengkereng is now well advanced, and has been
drilling in altered and copper mineralized porphyry from surface. An
advanced argillic alteration assemblage of quartz
-clay-alunite-pyrophyllite-(illite) dominates in the upper 82 metres of
the hole and passes downwards into an intermediate argillic assemblage
of quartz-illite-clay-chlorite. Quartz vein density and associated
disseminated sulphides (pyrite > chalcocite > chalcopyrite > covalite +
bornite) are increasing down hole. The hole has now reached a depth of
over 200 metres.
Diamond core will be split and sampled for geochemical
analysis on completion of the hole.
The drilling program will test a cluster of known porphyry prospects
within a 6.2 kilometre long by 3 kilometre wide block (Upper and Lower
Tengkereng and Bahu) with highly encouraging coincident copper-gold
geochemistry and magnetic anomalies associated with zoned porphyry
alteration and quartz veining.
"We are greatly encouraged to be commencing core drilling of our
copper-gold porphyry portfolio", stated Michael Hawkins, President and
CEO of EAS. "Our Indonesia plan was to first target near-surface
leachable gold deposits, which has paid off with EAS now undertaking
epithermal gold resource drilling at our Abong and Binebase-Bawone
epithermal deposits, in Aceh and Sulawesi Provinces. With the
epithermal gold drilling well in place, and with a strong financial
position, we are now proceeding with our plan to drill our copper-gold
properties where world class porphyry potential is strongly indicated
by historic and recent EAS exploration results."
David Royle, B.Sc. (Hons), FAusIMM, CP, the designated QP within the
meaning of 43-101, 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 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 drilled to define NI43-101 compliant
resources. The Company 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 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.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
To receive or stop receiving EAS news via email, please email
Info@EAminerals.com and state your preference in the subject line.
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
or
Nick Kohlmann, Corporate Communications
Toronto
T: +1-416-792-8734
E: Kohlmann@EAminerals.com
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Copyright (c) 2008 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 Sep 22, 2008 at 11:51:50 AM Pacific Time
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