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Re: News Releases - Tuesday, July 17, 2007
East Asia Minerals Expands Sangihe and Tangse Targets
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For Immediate release, July 17, 2007 TSXV: EAS
VANCOUVER, B.C. -- Tuesday, July 17, 2007 -- East Asia Minerals
Corporation (TSXV-EAS) reports results from its initial exploration at
its Sangihe and Tangse projects in Indonesia. At both projects,
historic mineralized zones have been verified and expanded. Drilling
is scheduled to begin late July at Sangihe followed by drilling of the
Aceh projects, including Tangse.
Sangihe
Interpretation of EAS data compilation together with results of ongoing
mapping indicates the additional potential for extending the current
Binebase -- Bawone gold mineralization zones towards the northern and
northwestern portion of the prospect. On a district scale the Binebase
-- Salurang structural corridor hosts multiple, similar discrete gold
-- silver mineralized zones that appear to be of the same style and
orientation as the Bawone Prospect. This corridor connects the
existing Binebase, Bawone and Salurang mineralized zones covering an
area of approximately 3 kilometres long by 600 metres wide. Historic
drill results at Bawone include 91.3 metres (29.2m to 120.5m) with
2.45g/t gold, 0.42% copper and 12.0g/t silver, and 20.2 metres (21.8m
to 42.0m) with 3.97g/t gold, 0.47% copper and 21.0g/t silver (April 12,
2007 news release).
A total of 150 rock channel samples from newly discovered mineralized
outcrops and verification samples from rehabilitated previous worker's
trenching were collected and assayed. This recently completed EAS
sampling has verified the previously reported historic surface results
in the Binebase-Bawone-Salurang corridor, and extended the mineralized
zone along strike. Highlights from the extensions to known
mineralisation include 2 metres with 2.90g/t Au & 10g/t Ag from a new
exposure approximately 400 meters north of Bawone and 5 metres with
2.93g/t Au & 35g/t Ag including 3 metres with 4.03g/t Au & 53g/t Ag
from the Bonsos area located 200 metres southwest of Bawone. These
results provide additional evidence that the Binebase - Bawone
mineralized zones may be continuous and more extensive than previously
thought.
Additionally, the sampling has highlighted the potential of other
untested or only partially tested zones. Included amongst the areas of
interest is the Brown Sugar Zone, an area of historical high grade gold
and silver. Here EAS samples returned channel sample assays of 2 metres
with 12.8g/t Au and 142g/t Ag; 4 metres with 16.0g/t Au and 196g/t Ag
and 1.8 metres with 17.9g/t Au & 251g/t Ag. The extent of this high
grade structure is unknown. At the previously untested Sede prospect
area, 7km south of the Binebase-Bawone, 3 chip samples returned 5.86
g/t Au and 10g/t Ag, 2.23 g/t Au and 8 g/t Ag and 37.3 g/t Au and 28
g/t Ag.
Commenting on the recent sampling the Sangihe Property, Michael
Hawkins, President of East Asia Minerals said "We are very excited that
not only does this sampling of previous and new trenches provide
evidence of improved grades to already strong gold results, but also
that there is clear indication the mineralization continues well beyond
the areas of historic drilling and trenching. In fact, the new zone of
discovered mineralization adds strength to the interpretation the
Bawone and Binebase zones may be connected."
A Phase One drill program to confirm the Bawone mineralization and
strike extension potential will begin at the end of July. The proposed
EAS drill program will test for bulk tonnage, gold -- silver targets in
addition to the primary, high grade gold -- silver -- copper structural
feeder zones.
Tangse
At the Tangse porphyry copper project EAS field crews have mapped and
sampled the area where Rio Tinto identified supergene copper
mineralization in the early 1990s. The work has distinguished younger
fine grained diorite dykes clearly related to the main quartz diorite
porphyry. These dykes are widespread and are interpreted to represent
apophyses of larger mineralized intrusive bodies at depth.
A total of 672 samples have been collected and analyzed. The best
results were found within a northwest trending, 300-metre wide fault
zone on the east side of the Tangse target. In general quartz diorite
dykes assayed between 0.2 to 0.8% copper. Several plus 1% copper
grades, including 2 metres with 2.65% Cu, 2 metres with 2.15% Cu, 2.6
metres with 4.86% Cu and 2.5 metres with 2.85% Cu, were obtained from
supergene enriched zones, and a 30 metre composite chip sample of one
exposure returned 2.85% Cu. Two to three metre rock channel samples
taken from leached and oxidized rock adjacent to the dikes typically
assayed 0.04 to 0.1% copper, 40 to 200 ppm molybdenum and 0.1g/t gold.
Historic Rio Tinto drilling located 200 to 400 metres east of the EAS
identified high-grade copper zone intersected 16 to 27 metres of
supergene copper enriched material. EAS will drill test this expanded
supergene copper target later this year.
Previous limited drilling by Rio Tinto also outlined a large porphyry
copper-molybdenum deposit with historical order of magnitude estimates
(non-NI 43-101 compliant) of at least 600 million tonnes (Mt) of lower
grade material, including a higher grade zone of 30 Mt with grades
between 0.3 and 0.8% Cu, and 0.02 to 0.03% Mo (May 1, 2007 news
release). The Tangse porphyry system has been subjected to widespread
supergene enrichment where the current work is focused.
Samples reported were assayed at PT SGS Indoassay assay laboratories.
Michael Hawkins, M.Sc., MAusIMM, 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 assets in Mongolia and Indonesia.
The Company owns seven 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 projects
located in Aceh Province in Sumatra and North Sulawesi. East Asia
currently has 45,432,068 shares outstanding. Its shares are listed for
trading on the TSX Venture Exchange under the symbol "EAS".
To receive or stop receiving EAS news via email, please email
Info@EAminerals.com and state your preference in the subject line.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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FOR FURTHER INFORMATION, visit the Company's website at
www.EAminerals.com, or contact:
Michael Hawkins, President
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) 2007 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 Tue Jul 17, 2007 at 5:46:44 AM Pacific Time
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