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Re: News Releases - Wednesday, March 19, 2008
East Asia Minerals Expands Abong Jasperoid Prospect in Excess of
1.5 Kms Strike With Consistent Near-Surface Gold Intercepts
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EAST ASIA MINERALS EXPANDS ABONG JASPEROID PROSPECT IN EXCESS OF 1.5
KMS STRIKE WITH CONSISTENT NEAR-SURFACE GOLD INTERCEPTS
For Immediate release, March 19, 2008 TSXV: EAS
VANCOUVER, B.C. -- Wednesday, March 19, 2008 -- East Asia Minerals
Corporation (TSXV-EAS) is pleased to report that drilling on the
outcropping, sub-horizontal Abong Jasperoid Prospect within the Barisan
Property, Aceh Province, Indonesia, continues to intersect consistent
near surface epithermal gold mineralization. Drill holes ABD-08 to
ABD-10 respectively intersected 1.77 g/t gold over 11.0 metres, 1.56
g/t gold over 12.0 metres, and 1.72 g/t gold over 12.0 metres.
East Asia Minerals' drilling and mapping have consistently provided
significant gold results along an extensive shallow dipping,
near-surface jasperoid "blanket" greater than 1,500 metres in a
northwest direction, up to 750 metres wide, and typically 10 to 15
metres thick. The jasperoid surface area remains open in all
directions and drilling confirms the historically defined
mineralization (view map at www.EAminerals.com). Sampling and analysis
for drill holes ABD-11 to 24 are in progress, and results will be
disclosed as received. Drill hole ABD-25 has commenced.
In addition, at the northwest and southeast areas (Bintang and Fikri)
of the Abong Jasperoid Prospect, East Asia has mapped/sampled
high-grade gold laterally along basal surge tuff horizons positioned
within the gold bearing jasperiod "blanket" and into breccia feeder
zones that extend to depth. These include trench results of 12.11 g/t
gold over 8.0 metres at the Bintang Prospect, and 11.28 g/t gold over
11.0 metres at the Fikri Prospect (December 11, 2007 and January 14,
2008 news releases). When drilling in these areas, the Company intends
to extend the holes past the gold-bearing jasperoid "blanket" to test
for high-grade bonanza gold zones that are typical of epithermal gold
environments.
Abong 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
ABD-4 1.0 8.0 7.0 0.23
ABD-5 1.0 9.0 8.0 2.32
ABD-6 21.0 38.0 17.0 1.02
Including 22.0 32.0 10.0 1.42
ABD-7 0.0 12.0 12.0 2.24
ABD-8 3.0 14.0 11.0 1.77
Including 3.0 12.0 9.0 2.10
ABD-9 0.0 24.0 24.0 1.00
Including 0.0 12.0 12.0 1.56
ABD-10 0.0 12.0 12.0 1.72
And 19.0 32.0 13.0 1.17
The Abong program is
Diamond drilling holes at 150 to 200 metre centres
to more completely delineate the historically outlined stratabound
epithermal gold mineralization, and to expand on that base. Reverse
circulation drilling will follow to tighten the drill spacing and cut
costs. 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 two major
mining companies which drilled 28 holes, 20 to 120 metres deep, on the
Abong Jasperoid Prospect in the mid 1990's (October 30, 2007 news
release). East Asia Minerals is encouraged that the Jasperoid
intercepts of stratabound mineralization it is encountering are
substantially higher grade than the historic reported average.
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
55,645,372 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 Wed Mar 19, 2008 at 8:35:49 AM Pacific Time
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