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Re: News Releases - Thursday, August 30, 2007
East Asia Minerals Extends Sangihe Mineralization and Starts
Drilling
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For Immediate release, August 30, 2007 TSXV: EAS
VANCOUVER, B.C. -- Thursday, August 30, 2007 -- East Asia Minerals
Corporation (TSXV-EAS) announces that drilling is underway at its
Binebase--Bawone gold prospect on Sangihe Island, Indonesia. The
Company also reports a trench intercept of 7.8 metres grading 15.6 g/t
gold and 195 g/t silver from the Brown Sugar Zone at the south end of
the prospect.
A technical audit and review of the Sangihe Project has been completed
by a senior independent consulting geologist and EAS technical staff.
This effort, combined with high gold grades from trench samples and
previous soil data, confirms that the Binebase--Bawone prospect is a
priority exploration target. The Bawone-Binebase prospect is one of
several gold mineralized occurrences in the Sangihe tenement. The
mineralization occurs as sub-parallel zones associated with strike-slip
faults, and as stratabound bodies. Host rocks are generally crystal
tuff and andesites that have been variably altered to
quartz-sercite-pyrite�kaolinite�barite�alunite assemblages. Shallow
drilling by previous explorers encountered several strong intersections
such as 91.3 metres with 2.45 g/t gold, 0.42% copper and 12.0 g/t
silver. For more information on the prospect, refer to news releases
dated July 17 and April 12, 2007.
A 1000 metre Phase I
Diamond drilling program is underway on the
Bawone-Binebase prospect. The objectives of the program are to confirm
mineralized intersections encountered by Ashton Mining (Australia) in
the 1990s, and to validate their lateral continuity as indicated by the
high gold values obtained from trench sampling. This continuity is
controlled by gold-bearing structures interpreted to extend for 3
kilometres strike length. Previous shallow drilling did not adequately
test the potential of this prospect. Mineralization in the target area
is reinterpreted as near surface, shallow north dipping layers (lenses)
and the majority of the historic drilling was at a northwest azimuth
which would have drilled into the footwall or underlying lower grade
gold mineralization. The drilling is being conducted by Asiadrill Bara
Utama, an Australian-Indonesian drilling company and is expected to
take approximately 6 to 8 weeks to complete. The drill will then be
moved to the Company's Aceh projects.
Ongoing surface mapping, trenching and sampling are extending high
grade gold--silver mineralization at Sangihe. A breccia zone in Trench
C at the Brown Sugar area, 400 metres southwest of the Bawone
occurrence, has assayed 7.8 metres at 15.6 g/t gold and 195 g/t silver.
Trenching has extended the barite breccia zone in Trench A an
additional 25 metres to the northwest (assays of 10 channel samples are
pending).
Mapping and sampling also continues at the Aceh Province projects. At
the Barisan Project, six rock chip samples from the Abong prospect
returned an average of 1.22 g/t gold and 10 g/t silver, with a high of
3.52 g/t gold and 29 g/t silver. The mineralization was confirmed to
be epithermal, sediment hosted gold in silica replacement (jasperiods)
of calcareous sediments. Assay results for 105 rock channel samples
from the Upper Tengkereng porphyry prospect have returned assay
highlights of 51 metres at 0.12 g/t gold, 0.12% copper and 90 ppm
molybdenum, and 2 metres at 1.46 g/t gold, 0.73% copper and 582 ppm
molybdenum. At the Takengon Project assay highlights from 30 channel
samples along 70 metres at the Collins prospect include 5 metres at
3.37 g/t gold and 5 metres at 1.81 g/t gold.
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 45,875,208 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.
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 Wed Aug 29, 2007 at 4:50:42 PM Pacific Time
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