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Re: News Release - Wednesday, April 02, 2008
Gold Potential Firming up at East Asia Minerals' Abong Prospect
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VANCOUVER, B.C. - Wednesday, April 2, 2008 - East Asia Minerals
Corporation (TSXV-EAS) is pleased to report that its quick-paced drill
campaign at the shallow dipping, near-surface Abong Jasperoid Prospect,
Aceh Province, Indonesia, continues to produce gold-bearing intercepts
in advance of a planned year-end resource estimate. Assays have been
received for
Diamond drill holes ABD-11 to ABD-25. This sequence of
holes is highlighted by ABD-16 with 1.67 g/t gold over 9.0 metres,
ABD-19 with 1.44 g/t gold over 14.0 metres, ABD-23 with 4.14 g/t gold
over 11.0 metres, and ABD-25 with 3.08 g/t gold over 12.0 metres. The
drill rig continues to make good progress with the campaign.
Resource stage exploration drilling remains focused along the 3 x 1.5
kilometre Abong Corridor, where epithermal gold mineralization is
controlled by late-stage open space infilling within an extensive
outcropping / sub-cropping jasperoid "blanket". The mineralized
jasperoid has been outlined for greater than 1,500 metres strike and up
to 750 metres width, and is typically 10 to 15 metres thick. It
remains open along the northwest-southeast strike direction, and across
strike in the southwest-northeast direction (view map at
www.EAminerals.com). The Bintang and Fikri Prospects also remain
priority targets where high-grade gold occurs laterally along basal
surge tuff horizons within the gold-bearing jasperiod "blanket" and in
breccia feeder zones that extend to depth (December 11, 2007 and
January 14, 2008 news releases). These feeder zones will be drill
tested for high-grade bonanza gold zones that are typical of epithermal
gold environments.
Abong drill assays to date;
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Drill From To Interval Gold
Hole (m) (m) (m) (g/t)
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ABD-1 21.0 31.0 10.0 2.81
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ABD-2 63.0 73.0 10.0 1.78
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ABD-3 14.0 23.0 9.0 4.84
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ABD-4 1.0 8.0 7.0 0.23
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ABD-5 1.0 9.0 8.0 2.32
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ABD-6 21.0 38.0 17.0 1.02
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Including 22.0 32.0 10.0 1.42
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ABD-7 0.0 12.0 12.0 2.24
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ABD-8 3.0 14.0 11.0 1.77
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Including 3.0 12.0 9.0 2.10
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ABD-9 0.0 24.0 24.0 1.00
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Including 0.0 12.0 12.0 1.56
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ABD-10 0.0 12.0 12.0 1.72
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And 19.0 32.0 13.0 1.17
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ABD-11 2.0 12.0 10.0 0.29
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ABD-12** -- -- partial none
results significant
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ABD-13 6.0 16.0 10.0 1.07
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ABD-14** -- -- partial none
results significant
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ABD-15 11.0 22.0 11.0 0.85
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Including 12.0 17.0 5.0 1.32
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ABD-16 27.0 36.0 9.0 1.67
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Including 27.0 34.0 7.0 2.10
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ABD-17 1.0 34.0 33.0 0.32
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ABD-18 1.0 17.0 16.0 1.03
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Including 2.0 12.0 10.0 1.54
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ABD-19 1.0 15.0 14.0 1.44
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Including 1.0 7.0 6.0 2.94
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ABD-20 50.0 57.0 7.0 0.44
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ABD-21** -- -- partial none
results significant
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ABD-22 22.0 33.6 11.6 0.71
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Including 25.0 32.0 7.0 1.03
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ABD-23 20.0 37.0 17.0 2.80
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Including 21.0 32.0 11.0 4.14
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ABD-24 35.0 44.0 9.0 1.08
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And 48.0 50.0 2.0 1.19
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ABD-25 54.0 66.0 12.0 3.08
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Including 56.0 60.0 4.0 7.97
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* Partial results received - sampling/analysis
in progress.
Samples reported were assayed at Intertek Laboratories in Jakarta.
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
55,645,372 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 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
Nick Kohlmann, Corporate Communications
Toronto
T: +1-416-792-8734
E: Kohlmann@EAminerals.com
View News Release in PDF Format:
http://www.eaminerals.com/i/pdf/2008-04-02_NR.pdf
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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
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