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Re: News Releases - Tuesday, February 19, 2008
East Asia Minerals Continues to Drill Aerially Extensive Gold at
Abong Jasperoid With 2.24 g/t Gold Over 12 Metres From Surface
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For Immediate release, February 19, 2008 TSXV: EAS
VANCOUVER, B.C. -- Tuesday, February 19, 2008 -- East Asia Minerals
Corporation (TSXV-EAS) is pleased to report that drilling on the
outcropping and sub-horizontal Abong Jasperoid within the Barisan
Property, Aceh Province, Indonesia, continues to intersect significant,
near surface epithermal gold mineralization. Drill hole ABD-05
intersected 2.32 g/t gold over 8.0 metres from 1.0 metres depth, ABD-06
intersected 1.42 g/t gold over 10.0 metres, and ABD-07 intersected 2.24
g/t gold over 12.0 metres from surface.
East Asia Minerals' drilling of ABD-01 to 06 has provided consistent
results along a shallow dipping, near-surface section greater than 500
metres in length. These holes were drilled along a northeast line in
the central area of the historically defined mineralization (view map
at www.EAminerals.com) and continue to prove up the western extension
of the jasperoid mineralization. The mineralization remains open in
all directions.
The Company collared drill hole ABD-07 approximately 550 metres to the
northwest of section ABD-01 to 06, to commence testing in the area of
the Bintang Breccia Prospect. Recent mapping has demonstrated that the
aerially extensive gold mineralized Abong Jasperoid continues northwest
to and past the Bintang Breccia Prospect, and to the southeast past the
Fikri Breccia Prospect. This significantly increases the extent of the
previously interpreted mineralized jasperoid horizon.
Abong drill assays to date
Drill Hole From (m) To (m) Interval (m) Gold (g/t)
ABD-1 21.0 31.0 10.0 2.81
ABD-2 63.0 73.0 10.0 1.78
ABD-3 14.0 23.0 9.0 4.84
ABD-4 1.0 8.0 7.0 0.23
ABD-5 1.0 9.0 8.0 2.32
ABD-6 21.0 38.0 17.0 1.02
Including 22.0 32.0 10.0 1.42
ABD-7 0.0 12.0 12.0 2.24
The Abong program is drilling holes at 150 to 200 metre centres to more
completely delineate the historically outlined stratabound epithermal
gold mineralization that apparently occurs over an area of at least
1,500 metres by 550 metres. A speculative non-NI43-101 compliant
resource of 40 to 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 two
major mining companies which drilled 28 holes, 20 to 120 metres deep,
on the Abong Jasperoid Prospect in the mid 1990's (October 30, 2007
news release). East Asia Minerals is encouraged that the jasperoid
intercepts of stratabound mineralization it is encountering are
substantially higher grade than the historic reported average.
ABD-05 to 07, similar to previously reported ABD-01 to 03 (January 28,
2008 news release), targeted the main Abong Jasperoid horizon.
Reconnaissance drill hole ABD-04 was drilled off section and collared
in the footwall of the Jasperoid to test an area of complex structural
deformation. This hole encountered elevated gold immediately in the
footwall of the main Jasperoid horizon.
At the Bintang Breccia Prospect, trench sampling by East Asia Minerals
over a 350 x 250 metre area encountered several significant intervals
of gold mineralization including 8.0 metres at 12.11 g/t gold (January
14, 2008 news release). This sampling is immediately southeast of an
area approximately 400 x 100 metres grading greater than 5 g/t gold,
outlined by previous senior explorers within a 750 x 450 metre
mineralized area of exposed breccia in sediments.
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. East Asia 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 of resource potential is relevant to
recognizing the potential of the Abong projects, 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 exploration properties 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 properties located in Aceh
Province in Sumatra and North Sulawesi. East Asia currently has
55,640,372 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: +1-778-997-2183
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 Tue Feb 19, 2008 at 5:48:14 AM Pacific Time
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