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Re: News Releases - Friday, September 17, 2010
East Asia Minerals Continues Ground Work at Takengon and Barisan
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For Immediate Release, September 17, 2010 TSXV: EAS
VANCOUVER, B.C. -- Friday, September 17, 2010 -- East Asia Minerals
Corporation (TSXV-EAS) announces that as a result of ongoing
exploration at its several prospective land positions in Aceh Province,
Northern Sumatra, Indonesia, it has advanced the Collins epithermal
gold project at the Takengon Property, and the Upper Ise Ise porphyry
gold-copper project at the Barisan I Property.
At the Collins epithermal gold project, new mapping and trenching along
the previously reported gold trend have exposed additional gold-bearing
quartz lodes within sandstone beneath the mudstone cap, and extended
the gold mineralization in both strike directions. The Collins project
is a large partially exposed multistage gold-bearing quartz vein swarm
where East Asia previously reported channel samples of 11.0 metres at
22.20 g/t gold, and 11.0 metres at 14.99 g/t gold. At the nearby
Semelit project, porphyry potential has also been indicated by
supergene porphyry outcrops with +2% copper and +2 g/t gold.
This new work has increased definition of two sub-parallel lodes that
have now been mapped and sampled over a 600 metres strike length. At
least three main vein episodes have been identified in the lodes,
comprising (i) coarse grained crystalline buck quartz devoid of
sulphides, (ii) fine grained quartz + galena + chalcopyrite +
sphalerite + pyrite +gold, and, (iii) crudely banded coarse
chalcocite-quartz � sulphides. All the gold reports to vein type ii.
Recent gold results include 7 metres at 10.12 g/t gold, 6.9 metres at
11.88 g/t gold, 5.3 metres at 1.07 g/t gold, 3 metres at 1.49 g/t gold,
1 metre at 29.2 g/t gold, 3 metres at 1.54g/t gold, 3 metres at 1.0 g/t
gold, 2 metres at 5.2g/t gold, 7 metres at 14.8 g/t gold, 7 metres 6
g/t gold, 4 metres 0.37g/t gold, 3 metres at 0.76g/t gold, 4 metres at
2.29g/t gold, 4 metres at 2.96g/t gold, and 6.5 metres at 3.3g/t gold.
In addition, the Company has defined stratabound gold replacement
potential at the Collins project, similar to the Company's nearby Abong
property where it completed 130 drill holes along a flat-lying
near-surface epithermal gold deposit. At Abong the Company has defined
gold mineralization within a 3 by 1.5 kilometre corridor.
At the Upper Ise Ise gold-copper porphyry project (Barisan I Property),
an initial
Diamond drill hole is planned to follow the Lower Tengkereng
drill program, and will test a historic drill hole which intersected
0.27 g/t gold and 0.4% copper over 143 metres. The historic drill hole
ended in mineralization directly beneath strong surface quartz vein
stockwork, with the program terminated for non-technical reasons.
Ongoing exploration at Upper Ise Ise has defined surface gold and
copper grades similar to drill holes at Upper and Lower Tengkereng,
extensive surface stockwork development with abundance of
chalcopyrite-chalcocite and bornite in outcrop, and high
reduced-to-pole magnetic relief, a favourable indicator in many of the
world's best gold-rich porphyry copper deposits in the circum-Pacific
rim.
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.
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 75,655,872 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
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
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 Fri Sep 17, 2010 at 6:47:25 AM Pacific Time
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