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Re: News Releases - Thursday, September 04, 2008
East Asia Minerals Drills 103.15 Metres of 1.81 g/t Gold at
Bawone
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For Immediate release, September 4, 2008 TSXV: EAS
VANCOUVER, B.C. -- Thursday September 4, 2008 -- East Asia Minerals
Corporation (TSXV-EAS) reports that recent drilling at Bawone, located
one kilometre south of Binebase, on Sangihe Island, Sulawesi,
Indonesia, has encountered a thick interval of primary sulphide
mineralization, including 103.15 metres of 1.81 g/t gold and 0.20%
copper, in the northwestern end of the prospect area. The mineralized
zone remains open along strike both to the northwest and the southeast.
Bawone Drilling Update
Diamond core drilling by EAS has recommenced at Bawone with the arrival
of a second
Diamond drill rig on site. The first hole completed in
this campaign (BOD-42) returned an impressive thick interval of 103.15
metres of 1.81 g/t gold and 0.20% copper in sulphide mineralization,
including a higher grade, near-surface zone of 25.50 metres of 3.39 g/t
gold and 0.35% copper. Gold grade distribution is remarkably even
throughout the mineralized interval apart from one high-grade interval
of 3.45 metres of 12.67 g/t starting at 20.50 metres.
Hole BOD-42 was drilled to the northwest between and perpendicular to
holes BOD-01 and BOD-03 to test the strike extension of gold
mineralization encountered in 2007 by EAS in BOD-01 (95.0 metres of
2.15 g/t gold starting at 30.0 metres) and BOD-03 (125.0 metres of 1.67
g/t gold starting at 19.0 metres).
Holes BOD-47 and BOD-50 have been drilled 40 and 80 metres respectively
southeast of BOD-02 across the projected strike of the known gold
mineralized zone. Assays for these holes are pending.
Hole Number From (m) To (m) Interval (m) Gold (g/t) Silver (g/t) Copper
(%) Mineralization Type
BOD-42 20.50 123.65 103.15 1.81 4.47 0.20 Sulphide
Including 20.50 46.00 25.50 3.39 6.04 0.35 sulphide
This recent drilling has extended the northwest trending sulphide zone
at Bawone to over 200 metres long by 75 metres wide by 100 metres deep
(map at www.EAminerals.com). Better gold mineralization appears to
form around the margins of breccia bodies and is flanked outwards by
andesite dykes and domes. There appears to be good scope to increase
the size of the gold-bearing zone, which remains open in most
directions.
Samples reported were assayed at PT SGS Indoassay (SGS Group) in
Balikpapan. 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 Thu Sep 4, 2008 at 5:38:15 AM Pacific Time
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