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Re: News Releases - Monday, July 28, 2008
East Asia Minerals Encounters 27 Metres of 4.35 g/t Gold in Miwah
Trench
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For Immediate release, July 28, 2008 TSXV: EAS
VANCOUVER, B.C. -- Monday, July 28, 2008 -- East Asia Minerals
Corporation (TSXV-EAS) continues to encounter significant gold
intercepts from trench sampling at its Miwah Project located in Aceh
Province, North Sumatra, Indonesia. These results, including 27 metres
of 4.35 g/t gold are from the diatreme breccia target in the western
part of the property.
Miwah Trenching Update
Additional encouraging assay results have been received from channel
sampling in trenches at the Miwah gold-copper Project in the same area
as previously reported (see Table below). Wide intercepts of gold
mineralization to over 100 metres are hosted in advanced argillic
altered felsic tuff and hydrothermal breccias in an expanded area, now
measuring 250 metres by 250 metres (view map at www.EAminerals.com).
This mineralization occurs within the historical known high
sulphidation alteration footprint of greater than 1000 by 1000 metres.
Reference Length (metres) Gold (g/t) Silver (g/t)
Trench 16 27.0 4.35 3.21
Including 8.0 9.45 1.48
Trench 17 20.0 0.27 1.32
Trench 18 27.0 0.64 1.31
Trench 19 29.0 0.58 1.82
Trench 20 13.0 2.58 7.93
Trench 21 17.0 0.13 0.97
Trench 22 11.0 0.64 2.89
Trench 23 26.0 0.35 2.30
Trench 24 7.00 0.17 0.93
Trench 25 11.0 0.34 0.95
Trench 26 11.0 0.35 0.07
Trench 27a 19.0 1.46 14.78
Trench 27b 16.0 3.92 9.09
Trench 28 26.0 0.61 6.83
Trench 29 20.0 0.53 2.68
Trench 30 9.0 0.69 1.82
Trench 31 9.0 0.58 1.09
Trench 32 24.0 2.52 3.44
Trench 33 14.0 2.02 3.01
Trench 34 35.0 1.68 10.12
Trench 35 34.0 0.72 1.18
Trench 36 26.0 0.28 0.57
Trench 37 33.0 0.24 0.32
Trench 38 36.0 0.23 0.36
Trench 39 4.0 0.19 0.25
Trench 40 59.0 0.72 0.65
Trench 41 21.0 0.98 3.76
Note that Trenches 21 to 25 are located approximately 500 metres
northeast of Miwah Bluff Breccia Zone, and Trench 26 is in between. All
composite intervals are un-cut.
Background
The Miwah Property is located within the same volcanic arc as the
Martabe high sulphidation gold deposit in North Sumatra (Purnama and
Baskara resources: 127.8 million tonnes at 1.4 g/t Au (5.5 million
ounces) and 15 g/t Ag (60 million ounces)). The Miwah Property contains
a large, high sulphidation epithermal system that is geologically
similar to Martabe. It was partially defined by approximately 3000
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 at 1.4 g/t gold
and 58 metres at 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 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 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: +1-778-997-2183
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 Jul 28, 2008 at 5:44:13 AM Pacific Time
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