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Re: News Releases - Tuesday, December 11, 2007
East Asia Minerals Confirms Additional Gold Zones and Commences
Drilling at Abong Project
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For Immediate release, December 11, 2007 TSXV: EAS
VANCOUVER, B.C. -- Tuesday, December 11, 2007 -- East Asia Minerals
Corporation (TSXV:-EAS) is pleased to report that it has defined
additional surface, epithermal gold drill targets in the 3 x 1.5
kilometre Abong Area of the Barisan Property in Aceh Province, North
Sumatra, Indonesia. These include trench results of 12.11 g/t gold
over 8.0 metres at the Bintang Prospect, and 4.75 g/t gold over 16.0
metres at the Fikri Prospect.
At the Bintang Prospect, trench sampling by the Company over an area of
approximately 350 x 250 metres encountered several significant
intervals of gold mineralization. Complete results are highlighted
below, and a surface map of the Bintang Prospect can be viewed at the
Company's website (www.EAminerals.com). Gold at the Bintang Prospect
was outlined by previous senior explorers in a surface exposed breccia
zone within sediments, covering an area of approximately 750 x 450
metres. Within this was outlined an area of approximately 400 x 100
metres grading greater than 5 g/t gold, located immediately northwest
of the area sampled by East Asia Minerals. The Bintang Prospect has
received very limited historic drilling.
In addition, the Bintang Prospect lies to the northwest of a related
and larger flat lying, surface exposed gold bearing Jasperoid Zone. The
Jasperoid Zone was drilled by two major mining companies in the mid
1990's, at which time a total of 28 drill holes ranging from 20 to 120
metres deep were completed. A speculative non-43-101 compliant
resource of 40 and 60 million tonnes grading 1.0 to 1.5 g/t gold, for a
total of approximately 1.5 million ounces of gold, was estimated by
these companies on the basis of their drilling, surface sampling,
mapping and geophysical modeling. The mineralization occurs largely as
free gold at both Prospects and appears to be leachable.
At the Fikri Prospect, located 600 metres southeast of the Bintang
Prospect and northwest of the Jasperoid Zone, the Company is also very
encouraged to have encountered another surface exposed epithermal zone
open for drill testing. The Fikri mineralization is along structures
and in collapsed breccias developed along the main Abong Area corridor
in the limestone. These breccias are cut by late vuggy quartz-sulphide
� gold veins. Complete results are highlighted below, and a surface
map of the Fikri Prospect can be viewed at the Company's website.
Previous exploration at the Jasperoid Zone, and the Bintang and Fikri
Prospects was terminated on non-technical grounds, leaving much of the
mineralization open in several directions. Plans are to commence
drilling in December at the Jasperoid Zone where East Asia mapping and
sampling returned an average of 1.24 g/t gold, with a high of 47.7 g/t
gold, from 420 channel samples of generally 1 metre length. This will
follow with initial phase drilling of the Bintang and Fikri Prospects.
For more details refer to the October 30, 2007 news release.
To date, exploration in the Abong Area has been largely confined to the
Jasperoid Zone, and Bintang and Fikri Prospects. Elsewhere in this low
sulphidation epithermal gold corridor, numerous coherent anomalies have
been defined by previous explorers and are currently being developed
for drill targeting by the Company.
"We are greatly encouraged to have advanced another Property with
substantial gold potential to drill stage, after recently proving
similar potential at the Sangihe Property where drilling is
encountering strong gold results", stated Michael Hawkins, President
and CEO of EAS. "Having quickly developed additional gold plays for
drill testing is further evidence of the advanced state of the gold and
copper assets we acquired to grow the Company. These premier assets
reflect the under-tested potential of Indonesia, which hosts amongst
others the world class Grasberg and Batu Hijau Mines of Freeport
McMoran and Newmont. With the region experiencing increasing
competition, including drilling near our holdings, our early entry into
Aceh Province has us extremely well placed for success as we develop
more epithermal and porphyry drill targets."
Bintang Trenching Highlights
Length (metres) Gold (g/t)
8.0 12.11
*17.0 5.84
*17.0 3.13
22.0 1.93
14.0 1.76
*79.0 1.44
*4.0 3.97
18.0 1.33
76.0 1.23
30.0 1.0
20.0 0.60
50.0 0.51
34.0 0.17
*announced October 30, 2007
Fikri Trenching Highlights
Length (metres) Gold (g/t)
16.0 4.75
36.0 0.60
66.0 0.56
26.0 0.56
Samples reported were assayed at Intertek Laboratories in Jakarta.
Lionel Martin, P.Geo, the designated QP within the meaning of 43-101
has reviewed and approves the content of this release. EAS has not
verified the classification of the historic resource reference and is
not treating it as a NI 43-101 defined resource verified by a QP.
Although the historical reference is relevant to recognizing the
potential of the Abong Area, it should not be relied upon.
About East Asia Minerals Corporation
East Asia Minerals is an Asian-based, Canadian mineral exploration
company with uranium, gold and copper assets in Mongolia and Indonesia.
The Company owns the Ingiin-Nars, Ulaan Nuur and Enger uranium
properties and a 75% interest in the Khok Adar copper oxide discovery
in Mongolia. In Indonesia, it has a 70 to 85% interest in five
advanced gold and gold-copper projects located in Aceh Province in
Sumatra and North Sulawesi. East Asia currently has 55,185,372 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 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: +1-778-386-7268
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) 2007 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 Tue Dec 11, 2007 at 7:18:48 AM Pacific Time
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