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Re: News Releases - Monday, January 28, 2008
East Asia Minerals Drills 4.84 g/t Gold Over 9 Metres in Near
Surface Abong Jasperoid
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For Immediate release, January 28, 2008 TSXV: EAS
VANCOUVER, B.C. -- Monday, January 28, 2008 -- East Asia Minerals
Corporation (TSXV-EAS) is pleased to report that its initial drilling
on the extensive, flat-lying Abong Jasperoid within the Barisan
Property, Aceh Province, Indonesia, encountered significant, near
surface epithermal gold mineralization in all holes assayed to date.
Drill hole ABD-01 intersected 2.81 g/t gold over 10.0 metres, ABD-02
intersected 1.78 g/t gold over 10.0 metres , and ABD-03 intersected
4.84 g/t gold over 9.0 metres.
This initial, ongoing program is drilling holes at 150 to 200 metre
centres to more completely delineate historically outlined, shallow
dipping stratabound epithermal gold mineralization that apparently
occurs over an area of at least 1,500 metres by 550 metres. The
reported holes were drilled along a northeast trending section in the
centre of the historically defined mineralization (view map at
www.EAminerals.com) and prove the western down dip extension of shallow
dipping jasperoid mineralization beneath a thin veneer of mudstone.
Based on mapping, trenching and extensive sampling by East Asia
Minerals, and on historic drill data, the zone is open in several
directions.
Abong Jasperoid Prospect 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
Two major mining companies drilled 28 holes, 20 to 120 metres deep, on
the Abong Jasperoid Prospect in the mid 1990's. 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 these companies (October 30, 2007 news release).
In 2007 East Asia Minerals collected 420 channel samples of generally
1 metre length that returned an average of 1.24 g/t gold, with a high
of 47.7 g/t gold. The current drill results further demonstrate the
veracity of the historic work.
"Our results demonstrate the potential to quickly outline gold
mineralization over great areal extent, in an exposed and shallow
covered tabular body", stated Michael Hawkins, President and CEO of
EAS. "We are greatly encouraged that drilling of our Aceh Province
portfolio has commenced with such promising gold results. In addition
to being on track to outline NI43-101 compliant resources at Sangihe,
North Sulawesi Province, during 2008, we are now well in progress for
the same at our Abong area. We are particularly encouraged by the
consistency of stratabound and stratiform gold mineralization in the
Abong Jasperoid, and that the grades we are encountering, whilst over
similar widths, are significantly higher grade than those reported by
previous explorers."
Abong Corridor Overview
Results previously announced by the Company define three mineralized
bodies in the 3 x 1.5 Abong mineralized corridor: the above reported
Abong Jasperiod Prospect, and the Bintang and Fikri Breccia Prospects.
Historic exploration in the Abong Corridor was terminated on
non-technical grounds, leaving much of the mineralization open in
several directions.
At the Bintang Breccia Prospect in the northwest portion of the
corridor, 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.
At the Fikri Breccia Prospect, located southeast of the Bintang
Prospect, the Company sampled a surface exposed epithermal zone with
channel values including 11.0 metres at 11.28 g/t gold, open for drill
testing (January 14, 2008 news releases). The Fikri mineralization
occurs along structures and in breccias developed along the main Abong
Area corridor.
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 Mon Jan 28, 2008 at 6:31:36 AM Pacific Time
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