=======================================================================
East Asia
Minerals Finds More Gold at Sipopok
=======================================================================
-- East Asia Minerals Corporation (TSXV-EAS) announces that it continues to
encounter
significant gold from the Sipopok area at its Miwah Gold Project in
Aceh Province, North Sumatra, Indonesia. The latest results from a
batch of one-metre long rock sawn channel samples
have encountered up
to 1.64 g/t gold. Upon completion of a hole currently being drilled
with the 200-metre capacity diamond drill machine, the rig will be
moved to Sipopok. This machine will continue
with exploration
drilling, whilst a fourth and larger machine is being mobilized to the
property to assist in the Miwah resource estimate
drilling.
On January 21, 2009, East Asia announced that it had discovered another
mineralized zone at Sipopok, located approximately
1.5 kilometres north
of the Miwah Main Zone. Initial rock chip
channel sampling returned
anomalous gold values including 12 metres of 0.78 g/t
gold, 11 metres
of 0.45 g/t gold and 35 metres of 0.33 g/t
gold. Recent follow-up has
encountered several contiguous one-metre long
gold-bearing rock sawn
channel samples including 1.18, 0.81, 0.38, 0.21, 0.43, 1.64, 0.87,
0.17, 0.14 and 0.11 g/t gold (Refer to Sipopok
Prospect Rock
Geochemistry map at www.EAminerals.com).
The sampling has only partially tested a small part of this potentially
large mineralized system. The host is altered to quartz-alunite which
is typical of the peripheral parts of the Miwah high sulphidation
system. Drill targets have been generated to test for the presence of
vuggy residual silica which typically carries the
better gold grades at
Miwah. Drilling at Sipopok
is expected to commence by mid-December.
East Asia has diamond drill validated the 1.2 kilometre
east-west
outcropping width of the shallow, laterally extensive Miwah
Main Zone,
and has encountered significant gold mineralization in more than 95% of
all holes analyzed to date. The Miwah Main Zone
remains open in all
directions with the Moon River area expanding the north-south potential
to more than 600 metres, whilst remaining open
further to the north
towards Sipopok. Moon River is part of a
package of altered and
mineralized rock that has distinctive chargeability, resistivity and
magnetic signatures that extend all the way from the Miwah
Main Zone to
Sipopok, approximately 1.5 kilometres
to the north. Although in the
early exploration stage, the Company is greatly encouraged by the way
all the pieces are fitting together.
Samples reported were assayed at Intertek assay
laboratories in
Jakarta. Lionel Martin, P.Geo., the designated QP within the meaning
of NI 43-101, has reviewed and approves the content of this release.
About East Asia Minerals Corporation
East Asia Minerals (EAS-TSXV) 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 advanced to define
NI43-101 compliant resources. The Company owns eight uranium
properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger
uranium projects, and two phosphate properties in Mongolia. East Asia
currently has 76,040,872 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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts 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
Nick Kohlmann, Corporate Communications
Toronto T: +1-416-792-8734
E: Kohlmann@EAminerals.com