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Re: News Releases - Thursday, October 18, 2007
East Asia Minerals Intercepts 32 Metres of 4.18 g/t Gold in
Channel Sample at Bawone-Binebase Project,Sangihe Island,
Indonesia
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For Immediate release, October 18, 2007 TSXV: EAS
VANCOUVER, B.C. -- Thursday, October 18, 2007 -- East Asia Minerals
Corporation (TSXV-EAS) is pleased to announce that its exploration
program in Indonesia continues to extend the areas of known gold
mineralization at its Bawone-Binebase project. This news follows the
Company's October 16, 2007 announcement that it had, in its first three
drill holes into the Bawone epithermal gold Prospect, intersected wide
zones of near surface gold mineralization including 95 metres at 2.15
g/t gold and 125 metres at 1.67 g/t gold.
Trenching and channel sample results from the Binebase part of the
Sangihe gold mineralized system, approximately 1.2 kilometres along
strike from and possibly contiguous with the Bawone drilling area, have
indicated wide zones of significant epithermal gold mineralization at
surface. Results received to date include;
32 metres of 4.18 g/t gold, 38.0 g/t silver,
24 metres of 0.97 g/t gold,
36 metres of 1.10 g/t gold,
9 metres of 1.50 g/t gold,
8 metres of 1.40 g/t gold,
78 metres of 0.51 g/t gold,
41 metres of 0.52 g/t gold.
Historic trench results (from the 1980's) from this area also include
52 metres of 2.14 g/t gold and 62 metres of 1.2 g/t gold. East Asia has
conducted cyanide leach testing of mineralization in these zones and
reports that generally more than 90% of gold is recoverable after
conventional cyanide extraction.
East Asia Minerals Corporation has an ongoing program to rehabilitate
and resample historic trenches, and open new exposures at Binebase.
This program is designed to verify and extend historic, and East
Asia's, surface rock and soil gold assay results, to test the
continuity of the mineralized corridor between Binebase and Bawone, and
to locate new zones. The Company notes that the Bawone mineralization
is open along strike to the north-northwest towards Binebase, and that
historic soil sampling data shows significant gold anomalies along the
corridor between the prospects. The Bawone mineralized zone is also
open along strike to the south-southeast. East Asia's surface sampling
and mapping program will form the basis of drill planning at Binebase.
Michael Hawkins, President and CEO of East Asia Minerals Corporation
said "We are very enthusiastic about the obvious potential of the
Bawone-Binebase area. Our drilling at the Bawone prospect is giving us
great encouragement. To step out along strike 1.2 kilometres to
Binebase and return such significant widths of gold mineralization at
surface is indicative of the potential of the area. We aim to, whilst
we continue to drill define Bawone, rapidly advance Binebase to drill
stage."
Samples reported were assayed at PT SGS Indoassay (SGS Group) in
Balikpapan. East Asia Minerals conducts a rigorous and continuous
QA/QC program. 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 assets 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 projects located in Aceh Province in
Sumatra and North Sulawesi. East Asia currently has 48,047,832 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
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 Thu Oct 18, 2007 at 6:18:41 AM Pacific Time
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