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Re: News Releases - Friday, November 13, 2009
East Asia Minerals Intersects 183.5 Metres Grading 1.28 g/t Gold,
Including 2.11 g/t Gold Over 77.7 Metres in 165 Metre Step Out at
Miwah
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Immediate Release, November 13, 2009 TSXV: EAS
VANCOUVER, B.C. -- Friday, November 13, 2009 -- East Asia Minerals
Corporation (TSXV-EAS) reports that
Diamond drilling continues to
significantly expand the Miwah gold mineralization in Aceh Province,
Northern Sumatra, Indonesia. Results have been received for drill hole
EMD012A collared 165 metres east-northeast of previous EAS drilling
where 2.11 g/t gold over 100 metres, including 4.81 g/t gold over 30
metres was intersected in EMD008. EMD012A encountered 1.28 g/t gold
over 183.5 metres, including 2.11 g/t gold over 77.7 metres. To date
East Asia has drilled more than 900 metres strike length along the
shallow, laterally extensive 1.2 kilometre long Main Miwah Gold Zone.
East Asia has encountered wide intercepts of gold mineralized rock in
all of the holes it has drilled to date on the Main Miwah Gold Zone.
The Main Miwah Gold Zone remains open in all directions.
Hole EMD012A replicated EMD012, which was abandoned at 32 metres
because of drilling difficulties, and was drilled with a 250 degree
azimuth and 30 degree dip. It was collared 165 metres east-northeast
and 85 metres lower in elevation from holes EMD008/011. EMD012A ended
in alteration/mineralization at 216.3 metres downhole depth. 1.28 g/t
gold was encountered from 32.8 to 216.3 metres of which the top 77.7
metres (32.8 to 110.5 metres) contained 2.11 g/t gold. The mineralized
interval contained minor cavities that were attributed a zero gold
value in the composite calculation.
EMD012A was designed to test the eastern extension of gold
mineralization encountered in holes EMD008/011 and in surface sampling
where a set of normal faults are interpreted to down-drop the gold zone
in a series of steps toward the eastern limit of the zone's exposure.
The laterally extensive, near-horizontal layer of gold mineralization
has now been drill validated for over 900 metres strike length.
Similar to previous drilling, hole EMD012A supports the interpretation
of an extensive, higher grade sub-horizontal layer, grading 2 to 5 g/t
gold in the upper levels of the mineralized system. The mineralization
in EMD012A is open in all directions and at depth, and is interpreted
to be contiguous westward to surface, towards EMD008/011.
Drill hole EMD013 has been competed and was drilled from the same
surface location as EMD012A, with an 86 degree azimuth and 47 degree
dip to test the eastern extension of EMD012A gold mineralization (Refer
to map on Company's website at www.EAminerals.com). Assays are
pending.
A second drill rig will be helicopter mobilized to Miwah in the coming
weeks to accelerate delivery of drill data necessary to calculate a
NI43-101 resource estimate.
Miwah Background
The Miwah Gold Prospect was partially defined by approximately 3,000
metres of drilling in eleven holes by a previous explorer in 1997. All
holes drilled during this program intersected significant alteration
and mineralization with intercepts including 71 metres of 1.4 g/t gold
and 58 metres of 1.1 g/t gold. The previous explorer suggested
potential for 100 Mt at 1.1 to 1.2 g/t gold, however a review of the
historical data indicates that early drilling was parallel to higher
grade (greater than 5 g/t gold) structures at surface. Hence, in
addition to greater mineralized tonnage, significantly higher overall
grades are anticipated from better geological understanding, results of
the Company's detailed sampling, and properly oriented drill holes.
Based on the Company's work Miwah is resolving into two components; a
large 1,200 metre long, 300 to 400 metre wide, approximately 200 metre
thick tabular zone; and vertical diatreme breccia feeder zones that are
beneath and cut through this. Within the tabular zone East Asia has
over 2,000 metres of rock sawn channel samples which average 1.2 g/t
gold. Ongoing sampling verified the Company's confidence that higher
overall gold grades can be achieved due to the presence of multiple
high grade rock sawn channel samples throughout the strike, including
4.11 g/t gold over 200 metres at the eastern part of the gold zone, and
4.35 g/t gold over 27 metres at the western part. Recent drilling has
supported this. In addition to the tabular zone the Company has begun
to characterize some of the diatreme breccia feeder zones, with rock
sawn channel samples including 83.59 g/t gold over 24 metres and 20.14
g/t gold over 12 metres. Recent drilling has supported this. These
feeder zones have great potential to develop into substantial tonnages
of higher grade gold mineralization in an area adjacent to the Main
Miwah Gold Zone.
The Miwah Property is in a very similar volcanic setting to the Martabe
gold-silver deposit, also located in North Sumatra (Purnama and Baskara
resources: 127.8 million tonnes at 1.4 g/t gold (5.5 million ounces
gold) and 15 g/t silver (60 million ounces silver), and the alteration
system is of a comparable size. Miwah also exhibits a likeness to the
size, style and geometry of the alteration system developed at the
Pierina gold deposit in Peru (67.7 Mt grading 2.98 g/t gold and 22 g/t
silver, giving a total 6.49 million ounces gold and 47.9 million ounces
silver).
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.
East Asia has not verified the classification of the resource
references and is not treating them as NI 43-101 defined resources
verified by a QP. Although the references of resources are relevant to
recognizing the potential of the Miwah project, they should not be
relied upon.
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 eleven uranium
properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger
uranium projects, four phosphate properties, and a 75% interest in the
Khok Adar copper oxide discovery in Mongolia. East Asia currently has
67,024,122 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) 2009 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 Fri Nov 13, 2009 at 6:32:16 AM Pacific Time
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