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Re: News Releases - Wednesday, August 06, 2008
East Asia Minerals Extends Abong Gold System 600 Metres and
Discovers New Gold Zone
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For Immediate release, August 6, 2008 TSXV: EAS
VANCOUVER, B.C. -- Wednesday, August 6, 2008 -- East Asia Minerals
Corporation (TSXV-EAS) is pleased to report new drill results,
including 8.0 metres of 5.29 g/t gold, 11.0 metres of 1.46 g/t gold and
12.0 metres of 1.01 g/t gold, from its Abong Project located in Aceh
Province, Indonesia. Holes ABD-56 to ABD-59 have significantly
extended the Bulan portion of the Abong Project 600 metres to the
southeast. The Company also reports that a new gold-bearing jasperiod
zone in Kapar Creek, located 1.3 kilometres east of Bulan, was
discovered with a channel sample returning 16 metres with 1.67 g/t
gold.
Abong Drill Update
Recent infill and step-out drilling at the Bulan Gold Zone ("BGZ") in
the Abong Project area has consistently encountered the near-surface
gold-bearing jasperoid horizon with better gold intercepts of 8.0
metres of 5.29 g/t gold in hole ABD-52, 11.0 metres of 1.46 g/t gold in
hole ABD-54 and 12.0 metres of 1.01 g/t gold in ABD-59 (view map at
www.EAminerals.com). Holes ABD-53 and ABD-55 have extended the BGZ 100
metres west-northwest of previous drilling. Holes ABD-56 to ABD-59
have extended the Abong mineralized corridor 600 metres southeast of
previous reported BGZ drilling and confirmed that the jasperiod horizon
is gold mineralized in this area. These drill intercepts may belong to
a new gold zone or cell that is open to the south, southeast and east.
This is supported by recent surface mapping which has traced
mineralized jasperiod at the limestone/mudstone contact 400 metres east
of ABD-59, the southernmost hole drilled to date.
Hole Number From (m) To (m) Interval (m) Gold (g/t) Silver (g/t)
Comment
ABD-50 NSA NSA Bulan Zone SE
ABD-51 35.00 42.00 7.00 0.33 7.87 Bulan Zone NE
ABD-52 42.00 50.00 8.00 5.29 12.12 Bulan Zone
ABD-53 4.00 26.00 22.00 0.58 7.69 Bulan Zone NW
ABD-54 4.00 15.00 11.00 1.46 7.72 Bulan Zone
ABD-55 0.00 12.00 12.00 1.24 8.68 Bulan Zone NW
ABD-56 12.00 20.00 8.00 0.45 6.63 Bulan South
ABD-57 44.00 50.00 6.00 0.39 4.88 Bulan South
ABD-58 32.00 37.00 5.00 1.27 16.78 Bulan South
ABD-59 38.00 50.00 12.00 1.01 5.38 Bulan South
A pattern of gold-mineralization is emerging at Abong with a series of
northeast structurally oriented elongated higher grade gold zones
surrounded by lower grade envelopes contained within a major northwest
trending corridor up to 400 metres wide and traceable for over 1.7
kilometres. Potential for the discovery of new gold cells along
extensions of the Abong structural trend to the northwest and southeast
remains to be assessed.
Kapar Gold Target
Exploration outside of the main Abong structural corridor has
discovered a new area of gold-bearing jasperoid mineralization in Kapar
Creek located 1.3 kilometres east of BGZ. Systematic channel sampling
has returned encouraging mineralized intervals, including 16 meters of
1.67 g/t gold from sub-vertical breccia zones within the jasperiod
horizon and close to a mudstone/limestone contact in a geological
setting similar to Bulan-Bintang. Assuming that the Kapar gold zone is
part of the Abong gold system, it now considerably expands the
potential target area for discovery of additional gold mineralization
zones at Abong. Scout drill testing of the Kapar gold target is in
progress.
Samples reported were assayed at Intertek 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.
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 Aug 6, 2008 at 5:43:07 AM Pacific Time
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