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Re: News Releases - Thursday, August 27, 2009
East Asia Intersects 5.38 g/t Gold Over 20.3 Metres Including
9.25 g/t Gold Over 9 Metres in South Miwah Bluff Zone, and 64.4
Metres of 1.37 g/t Gold From Main Zone
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For Immediate release, August 27, 2009 TSXV: EAS
VANCOUVER, B.C. -- Thursday, August 27, 2009 -- East Asia Minerals
Corporation (TSXV-EAS) reports that assays have been received for an
additional three
Diamond drill holes at its flagship Miwah Gold Project
in Aceh Province, Northern Sumatra. The results are from the first two
drill holes into the new high-grade South Miwah Bluff gold discovery,
and from one hole drilled towards the base of the shallow out-flowed,
laterally extensive Main Miwah Gold Zone. At South Miwah Bluff drill
hole EMD006 suffered poor core recovery (as low as 0% within the
mineralized sample intervals), however the drilled diatreme breccia was
completely mineralized along the western boundary and achieved 5.38 g/t
gold over 20.3 metres. This included a 9-metre interval of 9.25 g/t
gold and 2.7 metres of 18.98 g/t gold. Drill hole EMD005 also suffered
poor core recovery (as low as 17.5% within the mineralized sample
intervals), with the drilled diatreme breccia being completely
mineralized and achieving 3.36 g/t gold over 21.4 metres. This included
a 1-metre interval of 9.13 g/t gold at the western contact with
porphyritic andesite. The very poor recoveries in EMD005 and 006
reflect the extremely vuggy nature of the mineralized zones, as
evidenced in the nearby rock sawn channels which returned 83.59 g/t
gold over 24 metres and 20.14 g/t gold over 12 metres. At the Main
Miwah Gold Zone drill hole EMD004 encountered 1.37 g/t gold over 64.4
metres, validating a historic hole.
Holes EMD005-007 were drilled as short scout holes into the high-grade
South Miwah Bluff Gold Zone, and positioned approximately 320 to 350
metres south of the EMD001-004 drill area. The holes were designed to
test for continuity of mineralization at the western margin of this new
discovery zone and to assist ongoing geological mapping of the broader
diatreme, which remains open to the north, south and east. Holes
EMD005-007 are 132 to 146 metres lower in elevation than the EMD001
drill pad.
EMD006 was drilled with a southerly azimuth (208 degrees) and 30 degree
dip to test for continuity beneath a rock sawn channel sample grading
83.59 g/t gold over 24 metres. The hole commenced in gold mineralized
diatreme breccia along the western margin of the gold mineralized
diatreme breccia feeder and was pushed into the flanking propylitic
porphyritic andesite. The complete package of diatreme breccia
encountered by EMD006 is gold-bearing, further validating the potential
of this new discovery and providing important geological information
near the western margin of the large (650 metres long by 300 metres
wide) gold-bearing diatreme breccia zone. A significant percentage of
the mineralized interval was lost due to poor core recovery (for
example two sample splits totalling 2.3 metres suffered 100% core
loss), unlike the 95% to 96% recoveries from EMD001-004 in the Main
Miwah Gold Zone.
EMD005 was drilled with a northwest azimuth (305 degrees) and 30 degree
dip to test for continuity beneath a nearby rock sawn channel sample
grading 20.14 g/t gold over 12 metres. The hole was commenced in gold
mineralized diatreme breccia and pushed past the western margin into
the flanking propylitic porphyritic andesite. The complete package of
diatreme breccia encountered by EMD005 is gold-bearing. A significant
percentage of the mineralized interval was lost due to poor core
recovery (ranging from 17.5% to 100% over sample intervals).
EMD007 is a step out hole drilled with a west-northwest azimuth (300
degrees) and 47 degree dip to test the mineralized diatreme breccia
north of EMD005. Assay results for EMD007 are pending.
In commenting on the first results from the South Miwah Bluff Gold
Zone, Michael Hawkins, President and CEO of East Asia Minerals
Corporation stated "We believe we are potentially under-reporting gold
from the high-grade margin of the South Miwah Bluff Gold Zone due to
poor drill recovery. Despite the poor recovery issue, however, the
Company's first two holes through the western margin of this newly
discovered zone are strongly mineralized and support what we have seen
with our surface mapping and rock sawn channel sampling. We have
recognized a 10 to 20 metre wide high-grade gold zone running along the
western margin of a larger gold-bearing diatreme breccia feeder that
makes up the South Miwah Bluff Gold Zone. This gold-bearing diatreme
breccia, as exposed at surface, is approximately 650 metres long and up
to 300 metres wide, and our sampling and drilling to date has shown
that the diatreme is strongly gold mineralized throughout. Hence we see
the first two holes as being indicative of the huge potential of the
South Miwah Bluff Gold Zone. These holes were a large step out from
previous drilling, being more than 300 metres to the south of
previously reported drilling in the Main Miwah Gold Zone."
The Company is addressing the weak drill core sample recovery and
shall, as planned, recommence drilling in the South Miwah Bluff Gold
Zone after the initial phase one 13-hole drill program.
In other news, the Company reports drill hole EMD004 within the Main
Miwah Gold Zone returned 1.37 g/t gold over 64.4 metres, validating a
historic hole. EMD004 was drilled with a west azimuth (270 degrees) and
30 degree dip to validate a historic hole which encountered 1.42 g/t
gold over 71 metres (Refer to map on Company's website at
www.EAminerals.com). EMD004 was collared from a pad located to the
southwest of holes EMD001-003, more than 90 metres in distance and 60
metres lower in elevation within the lower part of the broad sheet-like
and flat-lying Main Miwah Zone mineralized system. EMD004 underlies the
higher-grade level of holes EMD001-003. Gold mineralization was
encountered from 4.6 to 69.0 metres downhole. The mineralization is
interpreted to be contiguous to surface, and is open to depth. In
addition the mineralization remains open in all directions. At higher
levels to the northeast EAS' hole EMD002 encountered 1.71 g/t gold over
158.0 metres, including 3.29 g/t gold over 66.0 metres, and EMD003
encountered 2.25 g/t gold over 142.9 metres, including 4.31 g/t gold
over 51.0 metres. Core recovery in EMD004 was 96%.
The drill rig has returned to the Main Miwah Gold Zone where the
program is continuing with EMD008. This is the Company's first hole in
the eastern part of the laterally extensive gold system. EMD008 is
collared 400 metres east of, and 90 metres higher in elevation than the
EMD001 drill pad, and is designed to test an area where rock sawn
channel sampling returned consistently strong gold mineralization
averaging 4.11 g/t gold across a 200 metre long, semi-continuous
channel (news release January 21, 2009). Sections of this 200 metre
zone include 20 metres of 14.00 g/t gold, 10 metres of 3.70 g/t gold,
32 metres of 2.41 g/t gold and 20 metres of 1.45 g/t gold.
"The Miwah project demonstrates a robust gold system that continues to
grow rapidly", stated Michael Hawkins, President and CEO of EAS.
"Drilling in the Main Miwah Gold Zone is delivering solid results, and
is demonstrating significant widths of 3 to 4 g/t gold in the higher
levels of the mineralized system, with evenly distributed assays. The
results from drill hole EMD004 not only validate the historical
results, they support our interpretation of the Main Miwah Gold Zone as
a thick, flat-lying sheet, with dimensions of approximately 1200 metres
long, 200 metres high and 300 metres wide. Our extensive surface
sampling of this indicates that the upper part of the Main Miwah Gold
Zone is higher grade than the lower part of the system, and this too is
supported by our drilling to date. Overall drill results from the Main
Zone return higher grades than the adjacent surface samples, and the
broad distribution of strong gold mineralization in rock sawn channels
at Miwah Main Zone is, we believe, indicative of the size of the system
we have discovered."
The initial drill program will comprise 10 holes for a total of 2,000
metres to provide a 3D validation along the currently defined 1,200
metre east-west extent of the main Miwah gold-bearing silica zone, and
an additional 150 metres for 3 scout holes to the south. This program
will provide a further indication of the gold resource potential and
the framework for follow-up drilling.
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 Intertech 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
65,365,372 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 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 Thu Aug 27, 2009 at 5:42:35 AM Pacific Time
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