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Re: News Releases - Wednesday, September 10, 2008
East Asia Minerals Encounters More High Grade Gold in Miwah
Trenches Including 22 Metres of 3.86 g/t Gold
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For Immediate release, September 10, 2008 TSXV: EAS
VANCOUVER, B.C. -- Wednesday, September 10, 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 22 metres
of 3.86 g/t gold and 18 metres of 2.86 g/t gold are from the eastern
half of the Miwah Bluff area.
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, known as Miwah Bluff. Rock saw channel
sampling focused on the eastern side of Miwah Bluff returned
consistently strong gold mineralization, hosted specifically in vuggy
silica altered breccias and volcanic rock. A total of 954 rock samples
assayed so far from Miwah Bluff average 1.22 g/t gold. Selected un-cut
composite trench intervals from recent trenches include:
.. 16m of 1.25 g/t Au (Trench 42;
.. 11m of 2.40 g/t Au (Trench 48);
.. 18m of 2.86 g/t Au (Trench 49);
.. 10m of 1.34 g/t Au (Trench 55);
.. 22m of 3.86 g/t Au (Trench 74);
.. 7m of 5.16 g/t Au (Trench 75).
The Miwah Bluff alteration and mineralization zone measures 300 metres
long by 200 metres wide (view map at www.EAminerals.com). Extensive
surface channel sampling by EAS and a previous explorer shows that this
mineralization occurs within a well defined zone of high sulphidation
alteration extending over an area measuring 1000 metres by 1000 metres.
Better gold mineralization is closely related to a well-defined body of
residual vuggy silica-sulphide forming an impressive resistant,
east-northeast trending cliff of massive (vuggy) silica traced for over
1000 metres along strike by over 300 metres wide and up to 200 metres
high.
Miwah demonstrates many features of the shallow part of a high-level
high sulphidation ("HS") epithermal gold system, including intense acid
leaching, strong structural and lithological permeability controls to
fracture fed mineralizing fluids, presence of structurally-controlled
hydrothermal and phreatic breccias, disseminated mineralization of
Au-Ag >> Cu and the elemental association of As, Sb, Bi, Ba, S and Te.
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 Au (5.5 million ounces
gold) and 15 g/t Ag (60 million ounces silver), and the alteration
system is of a comparable size. In addition to similarities to Martabe,
the Miwah project also exhibits a likeness to the size, style and
geometry of the alteration system developed at another important HS
gold deposit, the Pierina gold deposit in Peru (67.7 Mt grading 2.98
g/t Au and 22 g/t Ag, giving a total 6.49 million ounces gold and 47.9
million ounces silver).
Miwah 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 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: +1-604-684-2183
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) 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 Wed Sep 10, 2008 at 7:36:30 AM Pacific Time
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