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Re: News Releases - Monday, February 25, 2008
East Asia Minerals Expands Binebase Towards Bawone, With 2.72 g/t
Gold Over 29.9 Metres From Surface
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For Immediate release, February 25, 2008 TSXV: EAS
VANCOUVER, B.C. -- Monday, February 25, 2008 -- East Asia Minerals
Corporation (TSXV-EAS) is pleased to report that drilling on the
Binebase Prospect at the Sangihe Property, Indonesia, continues to
encounter significant epithermal gold mineralization from surface.
Drill hole BID-16 cut 29.9 metres of 2.72 g/t gold and 6.74 g/t silver
from zero metres depth, including 15.0 metres at 4.70 g/t gold, with
the intercept under-reporting the true composite grade of the interval
due to 1.85 metres of lost core being assigned zero value. In
addition, at 76.0 metres depth the hole encountered 0.36 g/t gold and
7.65 g/t silver over 108.0 metres from an underlying fault breccia
zone.
BID-16 was collared 110 metres southeast of BID 11, along the BID-11/15
section where previous East Asia trenching results included 38.0 metres
of 1.80 g/t gold. The hole has a northwest inclination and tested the
southeast extension of the BID-11/15 mineralization towards the Bawone
Prospect, located 1.2 kilometres along strike to the southeast (refer
to the Company's website at www.EAminerals.com for a plan view of
drilling). The high gold grades encountered in BID-16 support the
Company's interpretation that the Binebase and Bawone near-surface
epithermal gold prospects may connect along the shared structural
control.
Drilling will continue to test these prospects, which remain open along
strike in both directions, and the potential for contiguous
mineralization along the intervening 1.2 kilometres of strike. All
holes drilled at Binebase and Bawone to date have encountered
significant near surface intercepts of epithermal gold mineralization
(refer to the Company's website for a table of Bawone drill results).
Binebase drill assays to date (with gold equivalent)*
Drill Hole From (m) To (m) Interval (m) Gold (g/t) Silver (g/t) Gold
Equiv. (g/t)*
BID-11** 0.00 45.00 45.00 1.28 50.51 2.18
BID-12 4.00 46.35 42.35 1.34 107.54 3.26
Including 8.00 33.00 25.00 2.03 159.96 4.89
BID-13 8.00 43.95 35.95 4.03 188.28 7.39
Including 9.00 31.00 22.00 5.74 121.64 7.91
BID-14 0.00 96.20 96.20 1.30 48.25 2.16
Including 3.00 45.00 42.00 2.67 86.38 4.21
BID-15** 0.00 45.00 45.00 1.52 80.03 2.95
Including 12.35 28.50 16.15 2.12 90.16 3.73
BID-16** 0.00 29.90 29.90 2.72 6.74 2.84
Including 5.60 20.60 15.00 4.70 1.92 4.73
Including 10.30 16.60 6.30 8.84 1.16 8.86
And 76.00 184.00 108.00 0.36 7.75 0.50
* The gold equivalent uses a silver to gold ratio of 56:1 based on
current precious metal market prices, and assuming total recoveries of
both metals.
** BID-11, BID-15 and BID-16 under report the composite grades due to
3.95, 3.90 and 1.85 metres respectively of lost core being assigned a
zero value.
"We continue to be encouraged that the Sangihe Property demonstrates,
in every hole, the strength and upside of the historic gold
mineralization", stated Michael Hawkins, President and CEO of EAS. "The
gold mineralization is consistent and we are confident we will outline
NI43-101 compliant resources with open pit mining potential. With the
intersection of wide epithermal gold mineralization at depth, beneath
the priority surface targets, we have additional upside in the
immediate working vicinity."
Samples reported were assayed at PT SGS Indoassay (SGS Group) in
Balikpapan. Lionel Martin, P.Geo, the designated QP within the meaning
of 43-101 has reviewed and approves the content of this release.
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 Feb 25, 2008 at 6:48:48 AM Pacific Time
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