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Re: News Releases - Thursday, June 05, 2008
East Asia Minerals Encounters 14.0 Metres of 9.41 g/t Gold in
Miwah Trench Sampling, Indonesia
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For Immediate release, June 5, 2008 TSXV: EAS
VANCOUVER, B.C. -- Thursday, June 5, 2008 -- East Asia Minerals
Corporation (TSXV-EAS) reports that recent trench sampling at its Miwah
Project located in Aceh Province, North Sumatra, Indonesia has
encountered significant gold mineralization, including 14.0 metres of
9.41 g/t gold. These results are from a virtually un-drilled breccia
target located west of the principal area drill tested by a previous
explorer in the 1990's.
Miwah Project
Diamond sawn channel sampling in trenches at the Miwah gold-copper
Project has focused on an area measuring 200 metres x 150 metres
located in the southwest corner of the property (view map at
www.EAminerals.com). Here vuggy silica-alunite-sulphide altered
volcanic rock has returned the following results from continuous chip
channel sampling:
Reference Length (metres) Gold (g/t) Silver (g/t)
Trench 1 14.0 9.41 2.00
Trench 2 38.7 0.90 8.63
Trench 3 10.0 0.45 4.09
Trench 4 20.0 0.85 3.22
Trench 5 6.0 5.23 24.82
Trench 6 6.0 6.62 23.28
Trench 7 19.0 0.17 1.24
Trench 8 10.0 3.35 7.23
Trench 9 14.0 3.85 13.11
Trench 10 20.0 0.30 0.32
Trench 11 10.0 0.86 4.12
Trench 12 10.0 0.65 4.45
Trench 13 9.0 0.09 0.71
Trench 14 8.0 0.56 3.50
Trench 15 6.0 2.00 10.35
Note: results for trenches 16 to 19 are outstanding. Copper content was
generally <500ppm and accordingly is not regarded as significant for
inclusion in the table above.
Higher grade intervals such as 14.0 metres at 9.41 g/t gold (Trench 1),
6.0 metres at 6.62 g/t gold (Trench 6) and 6.0 metres at 5.23 g/t gold
(Trench 5) are related to north-northeast-trending structurally
controlled breccia zones that remain essentially untested by drilling.
These higher grade structures or feeder zones are enveloped by broad
areas of lower grade gold mineralization up to 100 metres wide.
Miwah is located within the same arc as the Martabe high sulphidation
gold deposit in North Sumatra (Resources: 6MOz of gold and 60MOz of
silver; Average grade: 1.9 g/t gold and 24.9 g/t silver).The Miwah
property also contains a large high sulphidation epithermal alteration
and mineralization system measuring 800 metres by 1000 metres that is
geologically similar to Martabe. It was partially defined by
approximately 3000 metres of drilling in eleven holes by a previous
explorer in the 1990s. All holes drilled during this program
intersected significant alteration and mineralization with intercepts
including 71 metres at 1.4 g/t gold and 58 metres at 1.1 g/t gold.
Previous explorers 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 clearly parallel to higher grade (greater than 5 g/t gold)
structures at surface, and hence significantly higher overall grades
are anticipated from better oriented drill holes.
Integration of recent encouraging trench results and historical work,
combined with ongoing detailed surface mapping and sampling will form
the basis for selecting optimum drill targets which are anticipated to
be drill tested later in the year.
Samples reported were assayed at Intertech assay laboratories in
Jakarta. 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. East Asia has not verified the classification of the
resource references and is not treating them as a 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.
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 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 Thu Jun 5, 2008 at 6:04:51 AM Pacific Time
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