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Re: News Releases - Tuesday, January 08, 2008
East Asia Minerals Drills 35.95
Metres of 4.03 g/t Gold and
188.28 g/t Silver at Binebase and Confirms More Than One
Kilometre of Strike Potential
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For Immediate release, January 8, 2008 TSXV: EAS
VANCOUVER, B.C. -- Tuesday, January 8, 2008 -- East Asia Minerals
Corporation (TSXV-EAS) is pleased to report that its initial drilling
on the Binebase Prospect at the Sangihe Property, Indonesia,
encountered significant, near surface epithermal gold and silver
mineralization in all holes completed to date. Drill hole BID-13
intersected 35.95
metres of 4.03 g/t gold and 188.28 g/t silver from
8.0 metres depth, including 22.0
metres of 5.74 g/t gold. Drill hole
BID-12 intersected 42.35
metres of 1.34 g/t gold and 107.54 g/t silver
from 4.0 metres
depth, and BID-11 returned 45.0
metres of 1.28 g/t gold
and 50.51 g/t silver from surface.
The Binebase Prospect is located approximately one kilometre along
strike from, and probably contiguous with the Bawone Prospect, where
initial drilling conducted by East Asia Minerals has returned up to
95.0 metres of 2.15 g/t gold and 31.6 metres of 3.75 g/t gold (October
16, November 19 and December 3, 2007 news releases).
Drilling is planned to continue throughout 2008 at the Binebase and
Bawone Prospects, where the near surface gold and silver mineralization
remains open along strike in both directions. The objective is to
complete NI43-101 compliant resource definition. Preliminary
interpretation of a recently completed geophysics program (induced
polarization) over the 1.2
kilometres between these zones has confirmed
the potential that these prospects may connect. 2007 trenching by the
Company approximately 400
metres northwest of Bawone, in the shallow
covered area between Binebase and Bawone, opened a small window through
the volcanic ash tuff cover and exposed mineralization grading 2.90 g/t
gold and 10.0 g/t silver (July 17, 2007 news release). This provides
the Company with further evidence of continuity between the prospects.
Binebase Drill Assay Highlights
Drill Hole From (m) To (m) Interval (m) Gold (g/t) Silver (g/t) Copper
(%)
*BID-11 0.00 45.00 45.00 1.28 50.51 0.04
BID-12 4.00 46.35 42.35 1.34 107.54 0.20
Including 8.00 33.00 25.00 2.03 159.96 0.11
BID-13 8.00 43.95 35.95 4.03 188.28 0.09
Including 9.00 31.00 22.00 5.74 121.64 0.04
*Note - BID-11 under reports the composite grade due to 3.95 metres (in
4 intervals) of no core recovery being assigned a zero value for the
composite calculation.
BID-11 was collared approximately 1 kilometre northwest and along
structural strike of the Bawone Prospect, to test significant trench
results which included 2.00 g/t gold over 62.0 metres, 1.98 g/t
gold
over 45.5 metres,
and 2.28 g/t gold over 28.5
metres (December 3, 2007
news release). The hole was drilled with a northwest inclination to a
depth of 142.10 metres
(refer to the Company's website at
www.EAminerals.com for a plan view of drilling).
BID-12 was drilled 260
metres west-southwest of BID-11, where previous
East Asia trenching results included up to 32.0 metres of 4.18 g/t
gold
and 38.0 g/t silver (October 18, 2007 news release). The hole was
drilled with a north-northwest inclination to a depth of 46.35 metres.
BID-13, a
scissor hole, is located 40
metres to the north-northwest
along section of BID-12 and was drilled to a depth of 211.35 metres
with a south-southeast azimuth. In addition to the higher grade near
surface zone reported in this press release, low grade gold and silver
mineralization was encountered throughout drill hole BID-13.
Significant zones of no recovery on the margins of the reported
intervals may have also resulted in the under reporting of the grade
interval.
The drill is currently active at the Binebase Prospect. An additional
two holes have been completed and have intersected wide zones of the
expected favourable strongly mineralized and altered rock. Assays are
pending.
"We are greatly encouraged by the Sangihe Property where we continue to
demonstrate the veracity and upside of the historic gold zones", stated
Michael Hawkins, President and CEO of EAS. "The gold mineralization
remains consistent and we are confident we will continue to enhance the
potential of the Bawone and Binebase Prospects, while possibly adding
to the potential for additional gold between these two zones and
elsewhere on the large Sangihe Property. We are well on track to
outline NI43-101 compliant resources at Sangihe during 2008, and are
encouraged that we are also in progress for the same at our Abong area
in Aceh Province where drilling has commenced
and we expect to announce
the first assay results in the coming weeks".
Samples reported were assayed at PT SGS Indoassay (SGS Group) in
Balikpapan. Lionel
Martin, P.Geo, 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 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 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.
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 Jan 8, 2008 at 5:54:05 AM Pacific Time
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