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Re: News Releases - Thursday, September 10, 2009
East Asia Minerals Drills 4.81 g/t Gold Over 30 Metres Within 100
Metres Grading 2.11 g/t Gold From 400 Metre Step-Out at Main
Miwah Gold Zone
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For Immediate release, September 10, 2009 TSXV: EAS
VANCOUVER, B.C. -- Thursday, September 10, 2009 -- East Asia Minerals
Corporation (TSXV-EAS) reports that assays have been received for the
fifth
Diamond drill hole at the Main Miwah Gold Zone in Aceh Province,
Northern Sumatra, Indonesia. The drill core intersection is located
400 metres east of the exceptional gold assays encountered in holes
EMD001 to 003, and provides compelling support for the interpretation
of shallow out-flowed, laterally extensive gold mineralization along
the 1.2 kilometre long Main Miwah Gold Zone. New drill hole EMD008
encountered 2.11 g/t gold over 100 metres, including 4.81 g/t gold over
30 metres.
EMD008 is the Company's first drill hole in the eastern part of the
laterally extensive gold system. EMD008 was collared 400 metres east
of the EMD001 drill pad with an east-southeast azimuth (115 degrees)
and 55 degree dip, and was drilled to 211 metres. Gold mineralization
was encountered from 85.0 to 185.0 metres downhole depth, including
4.81 g/t gold from 85.0 to 115.0 metres (silver grades 6.31 g/t over
this interval, providing a 4.92 g/t gold equivalent*). This hole was
designed to test an area where rock sawn channel sampling returned
consistently strong gold mineralization averaging 4.11 g/t gold across
a 200 metre long, semi-continuous channel (news release January 21,
2009). Sections of this 200 metre zone include 20 metres of 14.00 g/t
gold, 10 metres of 3.70 g/t gold, 32 metres of 2.41 g/t gold and 20
metres of 1.45 g/t gold. The mineralization in EMD008 is open in all
directions and at depth, and is interpreted to be contiguous to the
strong surface gold mineralization.
EMD008 was also collared 90 metres higher in elevation than the EMD001
to 003 drill pad, and supports the Company's interpretation of a
laterally extensive, sub-horizontal layer, grading 3 to 4 g/t gold in
the higher levels of the mineralized system. The high-grade 4.81 g/t
gold portion commences at 85 metres and correlates laterally to the
higher grades commencing near-surface at the lower elevation EMD001 to
003 drill area (EMD002 encountered 1.71 g/t gold over 158.0 metres,
including 3.29 g/t gold over 66.0 metres starting at 9 metres depth;
and EMD003 encountered 2.25 g/t gold over 142.9 metres, including 4.31
g/t gold over 51.0 metres starting at 11 metres depth). Interpreted
from EMD004 (1.37 g/t gold over 64.4 metres), the Company's rock sawn
surface channel sampling, and historic drilling, the lower part of the
Main Miwah gold system contains 1 to 1.5 g/t gold within a broad
sheet-like and flat-lying mineralized system. EMD004 was collared from
a pad located to the southwest of holes EMD001-003, more than 90 metres
in distance and 60 metres lower in elevation.
EMD009 was drilled from the same pad as EMD008 with a west-southwest
azimuth (245 degrees) and 55 degree dip, and completed at 206 metres
downhole depth. This hole was designed to test the extension of
favourable mineralization and alteration to the west of EMD008, where
surface rock sampling gave 14 metres of 2.55 g/t gold. Assays are
pending.
EMD010 is in progress, drilled from the same pad as EMD008/009 with a
south-southeast azimuth (150 degrees) and 65 degree dip. This hole is
designed to confirm the sub-horizontal gold mineralized layer between
EMD008 and 009.
"We are extremely encouraged by the continuity, width and tenor of
mineralization at the Main Miwah Gold Zone", stated Michael Hawkins,
President and CEO of EAS. "The gold mineralization intersected by East
Asia Minerals to date provides drill validation of more than 500 metres
strike length along the known 1,200 metres long Main Miwah gold-bearing
silica zone. This zone has been defined by more than 2 kilometres of
rock sawn gold-bearing channel samples. The remainder of the phase one
program intends to extend the drill validated strike to 1,200 metres.
Not only have we achieved 3D validation of the potential for a large
and laterally extensive gold deposit at the Main Miwah Gold Zone, we
have also demonstrated the potential for significantly higher overall
grades due to the presence of a 3 to 4 g/t gold layer in the higher
levels of the system."
Miwah Background
The Miwah Gold Prospect was partially defined by approximately 3,000
metres of drilling in eleven holes by a previous explorer in 1997. All
holes drilled during this program intersected significant alteration
and mineralization with intercepts including 71 metres of 1.4 g/t gold
and 58 metres of 1.1 g/t gold. The previous explorer suggested
potential for 100 Mt at 1.1 to 1.2 g/t gold, however a review of the
historical data indicates that early drilling was parallel to higher
grade (greater than 5 g/t gold) structures at surface. Hence, in
addition to greater mineralized tonnage, significantly higher overall
grades are anticipated from better geological understanding, results of
the Company's detailed sampling, and properly oriented drill holes.
Based on the Company's work Miwah is resolving into two components; a
large 1,200 metre long, 300 to 400 metre wide, approximately 200 metre
thick tabular zone; and vertical diatreme breccia feeder zones that are
beneath and cut through this. Within the tabular zone East Asia has
over 2,000 metres of rock sawn channel samples which average 1.2 g/t
gold. Ongoing sampling verified the Company's confidence that higher
overall gold grades can be achieved due to the presence of multiple
high grade rock sawn channel samples throughout the strike, including
4.11 g/t gold over 200 metres at the eastern part of the gold zone, and
4.35 g/t gold over 27 metres at the western part. Recent drilling has
supported this. In addition to the tabular zone the Company has begun
to characterize some of the diatreme breccia feeder zones, with rock
sawn channel samples including 83.59 g/t gold over 24 metres and 20.14
g/t gold over 12 metres. Recent drilling has supported this. These
feeder zones have great potential to develop into substantial tonnages
of higher grade gold mineralization in an area adjacent to the Main
Miwah Gold Zone.
The Miwah Property is in a very similar volcanic setting to the Martabe
gold-silver deposit, also located in North Sumatra (Purnama and Baskara
resources: 127.8 million tonnes at 1.4 g/t gold (5.5 million ounces
gold) and 15 g/t silver (60 million ounces silver), and the alteration
system is of a comparable size. Miwah also exhibits a likeness to the
size, style and geometry of the alteration system developed at the
Pierina gold deposit in Peru (67.7 Mt grading 2.98 g/t gold and 22 g/t
silver, giving a total 6.49 million ounces gold and 47.9 million ounces
silver).
Samples reported were assayed at Intertech 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.
East Asia has not verified the classification of the resource
references and is not treating them as NI 43-101 defined resources
verified by a QP. Although the references of resources are relevant to
recognizing the potential of the Miwah project, they should not be
relied upon.
* The gold equivalent uses a silver to gold ratio of 60:1 based on
current precious metal market prices, and assuming total recoveries of
both metals.
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 eleven uranium
properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger
uranium projects, four phosphate properties, and a 75% interest in the
Khok Adar copper oxide discovery in Mongolia. East Asia currently has
66,014,122 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) 2009 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 10, 2009 at 5:15:28 AM Pacific Time
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