Eurasian Minerals Inc.

Published : January 27th, 2014

Drills 4.0 m of Oxide Averaging 52.87 g/t Gold and 530.43 g/t Silver at Akarca, Turkey

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Keywords :   Commodities | Copper | Gold | Gold Bullion | Growth | Market | Silver | Turkey |
Monday, January 27, 2014
Eurasian Minerals Drills 4.0 m of Oxide Averaging 52.87 g/t Gold and 530.43 g/t Silver at Akarca, Turkey

Vancouver, British Columbia, January 27, 2014 (TSX Venture: EMX; NYSE MKT: EMXX) -- Eurasian Minerals Inc. (the "Company" or "EMX") is pleased to announce 2013 year-end exploration results from the Akarca gold-silver project. These results include an oxide drill intercept of 68.0 meters averaging 3.43 g/t gold and 34.71 g/t silver, with a high-grade sub-interval of 4.0 meters averaging 52.87 g/t gold and 530.43 g/t silver. In addition to drilling, trench sampling returned results that include 50 meters averaging 4.06 g/t gold and 3.25 g/t silver. This recently concluded exploration program was conducted by �olakoglu Ticari Yatirim A.S. ("�olakoglu"), a privately owned Turkish company that signed an option agreement in June 2013 to buy the property for a combination of cash payments, gold bullion, work commitments, and a royalty interest. �olakoglu's drilling and trenching systematically delineated and expanded the mineralized zones at the Arap, Kucukhugla, Fula, and Hugla Tepe prospects.

2013 Drill Results. �olakoglu recently reported exploration results that included 62 drill holes totaling approximately 6,200 meters. This drilling consisted of 26 core holes totaling approximately 2,500 meters and 36 reverse circulation holes totaling over 3,700 meters. �olakoglu's 2013 program focused on expanding and drill defining the grade and tonnage characteristics of the near-surface, oxide gold-silver mineralized zones at the Arap, Kucukhugla, Fula and Hugla Tepe prospects. Drilling was conducted at a nominal 25 to 50 meter spacing along strike. Over 80% of the holes intersected significant mineralization (> 0.2 g/t Au over 7 meters), with drill intercept highlights given below.

Drill Hole From (m) To (m) Interval (m) Au (g/t) Ag (g/t) AuEq (g/t) Comments
ARAP TEPE PROSPECT
AKC-80 0.0 69.6 69.6 0.93 3.73 1.00 TD = 156.6m, oxidized, true width 55-60%, extension of high-grade zone
including 5.6 7.6 2.0 18.65 9.29 18.82
AKC-90 2.2 60.6 58.4 0.91 6.33 1.02 TD = 95m, oxidized, true width 50-55%, extended zone to the north
including 37.3 48.0 10.7 3.01 5.17 3.10
AKC-102 15.4 84.6 69.2 0.75 4.76 0.83 TD = 95.2m, oxidized, true width 65-70%. Confirmed mineralization in the western portion of Arap Tepe
including 61.6 81.7 20.1 1.50 7.02 1.63
ARC-112 0.0 91.0 91.0 0.41 1.65 0.44 TD = 140m, oxidized, true width 50%, expanded zone to the south
ARC-113 0.0 88.0 88.0 0.39 1.67 0.42 TD = 141.0, oxidized, true width 50%, expanded mineralization to the south
ARC-114 1.0 77.0 76.0 0.40 1.32 0.42 TD = 78m, oxidized, true width 50%, expanded mineralization to the south
ARC-116 8.0 72.0 64.0 0.47 1.54 0.50 TD = 126.5m, oxidized, true width 50%, expanded mineralization to the south
ARC-138 5.0 45.0 40.0 1.93 2.32 1.97 TD = 72.5m, oxidized to 42m, true width 50-55%, extended zone to south and east
including 36.0 39.0 3.0 14.90 10.30 15.09
ARC-139 0.0 61.0 61.0 0.53 1.47 0.55 TD = 100m, oxidized, true width 50-55%, confirmed mineralization within the zone
KUCUKHUGLA TEPE PROSPECT
AKC-81 0.0 65.4 65.4 0.70 6.80 0.83 TD = 101.9m, oxidized, true width 50%, extended zone to depth
AKC-89 19.6 97.6 78.0 0.51 3.80 0.58 TD = 145m, oxide to 54m, true width 60-65%, extended zone to the southwest
ARC-147 0.0 11.0 11.0 0.81 15.19 1.09 TD = 120m, oxidized, true width 35%, a 20m offset from AKC-78 to determine the extent of high-grade mineralization. Includes 20-21m: 1 m @ 171.00 g/t Au, 1710.00 g/t Ag.
  19.0 87.0 68.0 3.43 34.71 4.06
including 19.0 23.0 4.0 52.87 530.43 62.51
FULA TEPE PROSPECT
AKC-105 11.3 18.3 7.0 6.58 63.12 7.72 TD = 131.7m, oxidized, true width 70%, extended zone to the SW, zone open to the west
ARC-132 12.0 27.0 15.0 1.41 20.62 1.78 TD = 108m, oxidized, true width 50%, extended mineralization east of Fula Tepe
  49.0 88.0 39.0 0.80 12.54 1.03
ARC-135 2.0 21.0 19.0 1.59 12.27 1.81 TD = 105m, oxidized, true width 50%, extended the width of zone and to depth
  61.0 96.0 35.0 0.99 1.90 1.02
ARC-143 11.0 61.0 50.0 1.12 6.85 1.25 TD = 120m, oxidized, true width 55%, confirmed mineralization within the zone
including 28.0 47.0 19.0 2.36 12.52 2.59
ARC-144 44.0 75.0 31.0 1.33 2.94 1.38 TD = 175m, oxidized, true width 35-40%,confirmed mineralization within the zone
ARC-146 7.0 44.0 37.0 0.94 19.21 1.29 TD = 150m, oxidized, true width 55-60%, extended mineralization to the east, mineralization still open to the east
including 19.0 22.0 3.0 6.35 138.77 8.87
  130.0 138.0 8.0 0.58 1.31 0.60
HUGLA TEPE PROSPECT
ARC-127 12.0 59.0 47.0 0.66 4.81 0.75 TD = 96.5, oxidized, true width 40-45%, confirmed zone along strike to the east

Notes: Intervals reported at a nominal 0.2 g/t Au cutoff and minimum length of 7m. Internal dilution allowance of up to 3.5m, with exceptions of up to 7m for intervals > 30m. Au equivalent calculated as 55:1 Ag:Au ratio, and assumes that metallurgical recoveries and net smelter returns are 100%. Core holes have an AKC prefix and RC holes have an ARC prefix.

Significant advancements were made at Fula Tepe where drilling extended the broad zone of veining and silicification to a strike length of over 400 meters. The Fula Tepe vein system remains open along strike to the northeast, and has new in-parallel zones identified to the northwest and southeast. The Hugla Tepe prospect was drilled along 600 meters of strike length, and also remains open to the northeast. Drilling at Kucukhugla Tepe focused on a 250 meter long higher-grade segment within a zone of mineralization that has an overall strike length of 650 meters. The high-grade intervals intercepted in ARC-147 are viewed as significant because they appear to be a continuation of similar higher-grade mineralization intercepted in hole AKC-78 drilled 20 meters to the southeast. AKC-78 contained an intercept of 7 meters at 10.12 g/t gold and 87.78 g/t silver (see Company news release dated August 22, 2013).

On the eastern side of the property, drilling at Arap Tepe defined a 400 meter long, shallow oxide gold-silver zone that remains open along strike to the east and the west. The Percem Tepe prospect also remains a top exploration priority, and was drilled earlier in 2013 with an intercept of 101 meters averaging 1.25 g/t gold and 7.95 g/t silver in hole AKC-74 (see Company news release dated March 1, 2013). A distinctive feature of Percem Tepe is the extensive zones of mineralized hydrothermal breccias that have been mapped throughout the area.

In total, from June to early December 2013, �olakoglu drilled 67 holes totaling approximately 6,800 meters (see Company news release dated August 22, 2103 for results from the first five holes). A key result of �olakoglu's aggressive 2013 drill program was the further expansion of the Arap, Kucukhugla, Fula, and Hugla Tepe prospects, all of which remain open along strike.

2013 Trench Results. �olakoglu also completed approximately 1,900 meters of surface trenching at the Arap, Hugla and Fula Tepe prospects. Trenching is an important exploration tool at Akarca for locating gold-silver mineralization under cover and defining the zones across strike. At Fula Tepe, trench sampling broadened and extended the zone to the northwest, west and southwest. Trench TAK-41, located approximately 100 meters southwest of outcropping quartz veins, included 51 meters @ 0.50 g/t gold and 6.20 g/t silver. Trenches TAK-49 and TAK-50 extended mineralization approximately 100 meters to the northwest with 71 meters @ 1.02 g/t gold and 7.66 g/t silver and 42 meters @ 0.85 g/t gold and 9.57 g/t silver, respectively. The trenching at Arap Tepe continued to identify mineralization along strike and under cover 130 meters from the main mineralized zone. Results include 50 meters @ 4.06 g/t gold and 3.25 g/t silver in trench TAK-24. Trench intercept true widths across the zones are interpreted to be 85-95% of the reported lengths.

Other 2013 Work. In addition to drilling and trenching, systematic mapping and sampling work continued across the project area, which led to the identification of new, previously unrecognized zones of mineralization and veining and enhanced definition of previously known gold-silver zones. Other programs being conducted by �olakoglu include metallurgical test work and environmental assessment studies.

Akarca Property Overview. The Akarca project consists of six epithermal gold-silver mineralized zones occurring within a district-scale area. EMX's grassroots discovery and subsequent exploration successes at Akarca have led to in-the-ground investments of over US $7 million by partner companies.

About EMX. Eurasian is a global gold and copper exploration company utilizing a partnership business model to explore the world's most promising and underexplored mineral belts. Eurasian generates wealth via grassroots prospect generation, strategic acquisition and royalty growth.

Mr. Michael P. Sheehan, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.

-30-

For further information contact:

David M. Cole
President and Chief Executive Officer
Phone: (303) 979-6666
Email: Dave@EurasianMinerals.com
Website: www.EurasianMinerals.com

Scott Close
Director of Investor Relations
Phone: (303) 973-8585
Email: SClose@EurasianMinerals.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release may contain "forward looking statements" that reflect the Company's current expectations and projections about its future results. When used in this news release, words such as "estimate," "intend," "expect," "anticipate," "will" and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company's future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause Eurasian's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to: unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors.

Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company's MD&A for the nine-month period ended September 30, 2013 (the "MD&A") and most recently filed Annual Information Form for the year ended period ended December 31, 2012 (the "AIF"), actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at www.sedar.com and on the SEC's EDGAR website at www.sec.gov.




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Associated File: http://www.eurasianminerals.com/i/pdf/NR_Akarca-Jan-27-2014.pdf
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You can also view this News Release on our website at:
http://www.eurasianminerals.com/s/NewsandInfo.asp?ReportID=621107
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Eurasian Minerals Inc.

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Eurasian Min. is a gold and silver royalty company based in Canada.

Eurasian Min. holds various exploration projects in Australia, in Sweden and in Turkey.

Its main exploration properties are LA MINE AND TREUIL, GRAND BOIS, VERT DE GRIS and LA MIEL in Haiti, ORGATASH and AKOGUZ in Kyrgyzstan, AKARCA, GOLCUK, ELMALI and SISORTA in Turkey, SOPOT in Romania, KOONENBERRY in Australia and KIRUNA SOUTH in Sweden.

Eurasian Min. is listed in Canada and in United States of America. Its market capitalisation is CA$ 198.7 millions as of today (US$ 144.4 millions, € 135.5 millions).

Its stock quote reached its lowest recent point on March 07, 2003 at CA$ 0.28, and its highest recent level on January 08, 2021 at CA$ 4.83.

Eurasian Min. has 74 160 000 shares outstanding.

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Annual reports of Eurasian Minerals Inc.
Announces Filing of Annual Report on Form 40-F
2010 Annual Report
2009 Annual Report
2008 Annual Report
2007 Annual Report
Financings of Eurasian Minerals Inc.
3/22/2011Completes Final Tranche of CAD $17.875 Million Private Place...
3/15/2011Completes $3 Million Tranche of CAD $17.875 Million Private ...
3/3/2011Completes First $5 Million Tranche of CAD $17.875 Million Pr...
2/22/2011Increases Private Placement to CAD $16.25 Million
6/11/2010Completes Final $0.88 Million Tranche of $5.28 Million Priva...
6/8/2010Completes First $4.4 Million Tranche of $5.28 Million Priva...
5/19/2010Proposes $5.28 Million Private Placement with Newmont & IFC
Option Grants of Eurasian Minerals Inc.
3/22/2011Grant of 150,000 options
Nominations of Eurasian Minerals Inc.
2/27/2014Advance Notice Policy for Election of Directors
9/28/2012Announces New Management Appointments
3/22/2011Announces Appointment of Mr. Brian K. Levet to the Board of ...
Financials of Eurasian Minerals Inc.
8/15/2013Announces Second Quarter 2013 Results
5/16/2013Announces First Quarter 2013 Results
Project news of Eurasian Minerals Inc.
11/2/2015Newmont buys Canadian mining company's interests in Haiti
2/19/2014(Koonenberry)Completes Royalty Property Consolidation of the Koonenberry ...
2/4/2014Announces Royalty Interests on Timok Joint Venture Copper-Go...
1/27/2014(Akarca)Drills 4.0 m of Oxide Averaging 52.87 g/t Gold and 530.43 g/...
1/7/2014Adds Royalty Partnership in Turkey for the Alankoy Copper-Go...
6/20/2013(Akarca)Announces Option Agreement to Sell the Akarca Gold-Silver Pr...
10/30/2012(Akarca)Signs Agreement to Regain 100% Control of the Akarca Gold-Si...
8/20/2012Completes Merger with Bullion Monarch - Eurasian adds Bullio...
7/9/2012Provides Update on Exploration Programs in Sweden
4/23/2012Provides an Update on Haiti Exploration Programs
4/19/2012Initiates New Program and Stakes Moran Dome Gold Project in ...
4/4/2012(Sisorta)Announces Agreement to Sell the Sisorta JV Gold Property in ...
1/23/2012and Antofagasta Sign the Second Designated Project Earn-In A...
2/17/2011(Koonenberry)Consolidates Land Position of Over 2,200 Square Kilometers o...
2/18/2011(Kiruna South)and Antofagasta Minerals S.A. Sign Joint Venture and Regiona...
12/1/2010(Akarca)Drills 30.8 Meters of 3.42 g/t Gold Oxide Mineralization at ...
3/8/2010(Grand Bois)Reports Additional Encouraging Drill Hole Results from Grand...
12/3/2009(Grand Bois)Eurasian Drills Intercept of 28.4 Meters Averaging 20.45 g/t...
8/27/2009(Akarca)Update for Akarca, Elmali and Sisorta JV Properties in Turke...
8/25/2009(La Mine And Treuil)Treuil and La Mine Licenses Accepted for Designated Project ...
6/17/2009(Sisorta)Announces Initial NI 43-101 Resource Estimate for the Sisort...
12/11/2008(Orgatash)Expands Orgatash Gold Mineralized Zone
11/24/2008(Sisorta)EMX Drill Results Update for Sisorta JV Property in Turkey -...
Corporate news of Eurasian Minerals Inc.
4/1/2017Announces Release of 2016 Annual Report and Management Discu...
7/25/2016EMX Company Presentation
7/25/2016Eurasian Minerals Reports Government Approval to Advance the...
5/17/2016Eurasian Minerals Announces First Quarter 2016 Results
4/5/20162016 Annual General Meeting
4/1/2016Eurasian Minerals Announces Filing of Annual Report on Form ...
1/28/2016EMX Company Presentation
1/25/2016Eurasian Minerals Provides an Update on Newmont's Exploratio...
1/24/2016AMEBC Mineral Exploration Roundup
12/23/2015Eurasian Minerals Reports Initial Shipment from the Balya Le...
11/4/2015Eurasian Minerals Reports IGC Agreement with the Far East De...
11/2/2015Eurasian Minerals Regains 100% Control of the Akarca Gold-Si...
11/2/2015Eurasian Minerals Sells Haiti Joint Venture Interests for US...
10/30/2015Eurasian Minerals Regains 100% Control of the Akarca Gold-Si...
10/26/2015EMX Company Presentation
9/15/2015Precious Metals Summit Beaver Creek
8/14/2015Eurasian Minerals Announces Second Quarter 2015 Results
8/4/2015Eurasian Minerals Options Aguila de Cobre Copper Project to ...
7/13/2015Eurasian Minerals Files NI 43-101 Technical Report on Initia...
4/22/2015News Release
4/22/2015Eurasian Minerals Inc.: Corporate Update
4/13/2015Mining in Haiti on hold amid uncertainty and opposition
4/1/20152014 Annual General Meeting
3/12/2015EMX Company Presentation
3/2/2015Eurasian Minerals Reports Year-End Exploration Results From ...
2/28/2015PDAC Convention, Trade Show + Investors Exchange, Booth 2651
2/25/2015Eurasian Minerals Provides Corporate Update
1/25/2015Mineral Exploration Roundup 2015
11/17/2014Eurasian Minerals Announces Third Quarter 2014 Results
11/13/2014Eurasian Minerals Executes Definitive Agreement for the Neav...
9/23/2014Eurasian Minerals Provides an Exploration, Royalty, and Stra...
8/15/2014Eurasian Minerals Announces Second Quarter 2014 Results
7/17/2014Eurasian Minerals Reports Expansion of the Fula Tepe Oxide G...
7/7/2014Eurasian Minerals Options Cathedral Well Project to Ely Gold
5/15/2014Eurasian Minerals Options Lomitas Negras Porphyry Copper Pro...
5/15/2014Eurasian Minerals Announces First Quarter 2014 Results
4/28/2014Eurasian Minerals Announces Grant of Stock Options and Share...
4/1/2014Eurasian Minerals Announces Filing of Annual Report on Form ...
11/5/2013Provides an Update on IGC's Malmyzh Porphyry Copper-Gold Dis...
10/30/2013Options Three Porphyry Copper Projects to Savant Exploration...
9/4/2013Options Three Arizona Porphyry Copper Projects to Desert Sta...
8/22/2013Reports Oxide Drill Results of 7.0 Meters Averaging 10.12 g/...
8/7/2013Provides an Update on the Programs in Haiti
8/7/2013Sells Geothermal Energy Assets in Slovakia and Peru
7/23/2013Reports Drill Results of 13.3 Meters Averaging 3.54% Lead, 4...
7/23/2013Reports Drill Results of 13.3 Meters Averaging 3.54% Lead, 4...
6/27/2013Drills Over 900 Vertical Meters of Porphyry Copper-Molybdenu...
6/27/2013Drills Over 900 Vertical Meters of Porphyry Copper-Molybdenu...
6/10/2013Announces Early Warning Report Filing Regarding Its Sharehol...
4/25/2013Announces Antofagasta's Selection of the Iekelvare Designate...
1/18/2013(Akarca)Drills Highest Grade Intercept to Date of 2.15 Meters Averag...
1/18/2013Drills the Highest Grade Intercept to Date of 2.15 Meters Av...
12/12/2012Jay Taylor Interviews Eurasian Minerals President & CEO, Dav...
10/8/2012Reports Drill Results of 18.0 Meters Averaging 13.83% Lead, ...
9/6/2012Acquires Interest in an Emerging District-Scale Porphyry Cop...
8/21/2012Receives Final Approval Of Merger From The TSX Venture Excha...
7/19/2012(Akarca)Drills 26.1 Meters Averaging 4.47 g/t Gold and 16.39 g/t Sil...
6/25/2012Jay Taylor Interviews Eurasian Minerals President & CEO, Dav...
5/29/2012Announces Management Promotions and Additions
5/23/2012You Are Invited
4/11/2012Jay Taylor Interviews Eurasian Minerals President & CEO, Dav...
2/9/2012ASHBURTON TO BE GRANTED OPTION BY EURASIAN MINERALS
2/8/2012and Bullion Monarch Mining Enter into Merger Agreement
1/25/2012Lists on the NYSE Amex under the Symbol "EMXX"
10/6/2011(Koonenberry)Identifies Bedrock Sources of Gold Mineralization and Adds t...
9/1/2011(Akarca)Drills Sarikaya Tepe Discovery Hole With an Oxide Intercept ...
8/23/2011(Akarca)Drill Results Confirm Recent Discovery With Oxide Intercept ...
8/11/2011EMX Reports Drill Results of 11.1 Meters Averaging 7.82% Lea...
6/20/2011Drills 15.4 Meters of 1.96 g/t Gold With 15.95 g/t Silver an...
4/13/2011Identifies Additional Drill Defined Zones Including 31.5 Met...
4/7/2011and Vale Exploration Canada Sign Regional Acquisition Agreem...
4/1/2010Drills 9 m of 3.4% Zn, 2.9% Pb & 31.3 g/t Ag at Balya Royalt...
3/16/2010Closes US$5 Million Placement with IFC
1/25/2010Continues Relief Efforts in Haiti and Announces Grand Bois P...
10/19/2009Agreement to Acquire Bronco Creek Exploration Inc.
10/1/2009Corporate Update and Addition of New Business Unit
5/25/2009 Announces Addition of Dr. M. Stephen Enders to the Board of...
1/26/2009Acquires Grand Bois Gold Deposit Property, Haiti
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