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East Asia's Miwah
Gives 2.8 g/t Gold Over 25 Metres, Within 210
Metres of 0.61 g/t
Gold Starting From Surface; Sipopok Scout
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East Asia Minerals
Corporation (TSXV-EAS) announces that drilling continues to add gold at
the Miwah Main Zone and has upgraded the gold
potential at Sipopok, in
Aceh Province, Northern Sumatra, Indonesia.
EMD050 was drilled with a 25 degree azimuth and 55 degree dip to test
for continuity of mineralization north-northeast from EMD049. The hole
was abandoned early at 159.6 metres due to drilling
problems, however,
0.24 g/t gold was intersected from 69 to 105 metres
(36 metres), above
the targeted Miwah horizon. Additional drilling
is planned in this
area as part of the NI43-101 resource drilling and infill program.
EMD051 was drilled with a 45 degree azimuth and 50 degree dip to test
for continuity of mineralization east from EMD024. The hole was
stopped at 500 metres and encountered gold starting
at surface. Assays
included 0.61 g/t gold from 0 to 210 metres,
including 2.8 g/t gold
from 27 to 52 metres (25 metres),
and 0.85 g/t gold from 245 to 282
metres (37 metres)
including 1.91 g/t gold from 269 to 279 metres (10
metres). Several narrow plus 2 g/t gold
intervals were encountered
below 282 metres.
EMD052 was drilled with a 215 degree azimuth and 60 degree dip to test
for continuity of mineralization west from EMD024 and EXD003. The hole
encountered favourable alteration/mineralization from
111.2 to 112.8
metres prior to entering a mixed favourable
host from 112.8 to 127.3
metres. The hole re-entered and continued
within the favourable Miwah
Horizon from 154.9 metres to the end of hole at 350.9
metres where
drilling stopped due to drill rig limitations. Assays are pending.
EMD053 is being drilled a due north azimuth and 60 degree dip in the
western area of the Miwah Main Zone, as part of the
ongoing infill
program for the NI43-101 resource estimate. The hole entered
favourable alteration/mineralization at 102.2 metres, in which it
continued to the current depth of 131.2 metres.
EMD054 is soon to commence, planned with a 45 degree azimuth and 50
degree dip in the western area of the Miwah Main
Zone, as part of the
ongoing infill program for the NI43-101 resource estimate.
Extension of EXD003 has commenced, continuing from the previously
drilled due south azimuth and 55 degree dip. Previous drill hole
EXD003 was terminated in high-grade gold mineralization due to drill
rig limitations, and encountered 1.31 g/t gold from 174.5 metres
to the
end of hole at 220.5 metres (46 metres),
including 11.78 g/t gold from
217 to 220.5 metres (3.5 metres)
where it finished in gold
mineralization. This included a 1.25 metre
interval of 30.37 g/t gold
in the penultimate sample from 218 to 219.25 metres
(news release
September 21, 2010).
EXD005 was drilled with a 75 degree azimuth and 50 degree dip to test
the extension of alteration/mineralization to the southeast of EXD004
where recent channel sampling encountered 1.23 g/t gold over 12 metres,
including 3.04 g/t gold over 3 metres in the East
Block M area. The
target is located 400 metres east of drill hole
EMD016. EXD005 was
completed at 167.1 metres and encountered patchy favourable
alteration/mineralization from 0.7 to 58.5 metres,
and 69.5 to 92.4
metres. The alteration/mineralization is open
in all directions and at
depth. Assays are pending.
EXD006 was drilled with a 45 degree azimuth and 50 degree dip to test
northeast from EXD003 towards Moon River. The hole was completed at
350 metres after drilling a quartz diorite intrusive
from 163 to 242.4
metres. No significant gold assays were
returned, attributed to the
late quartz diorite intrusive. Of note is that stockwork
gypsum and
anhydrite are spread over the lower interval from 276 metres
to end of
hole, suggestive of underlying porphyry. (Refer to drill location map
at www.EAminerals.com).
Two scout holes were drilled at Sipopok to test for
continuity of
alteration/mineralization to the east and beneath recent rock sawn
channel samples that assayed up to 1.26 g/t gold over 4 metres
and 0.98
g/t gold over 4 metres.
Sipopok diamond drill hole SPD001 was drilled with a
215 degree azimuth
and 65 degree dip, and successfully cross-cut favourable
Miwah-type
silica and silica-alunite
alteration/mineralization. The hole was
completed at 200 metres after passing through Miwah-type horizons at
62.5 to 130.3 metres, and 136.4 to 140.4 metres. Assays gave 0.38 g/t
gold from 105 to 117 metres (12 metres)
including 0.61 g/t gold from
111 to 117 metres.
SPD002 was drilled with a 35 degree azimuth and 50 degree dip to test
directly northeast from the favourable Miwah-type horizon encountered
in SPD001. The hole was abandoned at 174.4 metres
after encountering
Miwah-type silica and silica-alunite
alteration/mineralization from
40.3 to 60.52 metres. Immediately following
this horizon, the hole was
dominated by fault breccia and abandoned after
several shifts attempted
to cement the hole for continuation. Assays are pending. (Refer to
drill location map at www.EAminerals.com).
Whilst preparing a drill pad for testing of Sipopok,
the scout drill
rig was used to complete a short 225 degree azimuth and 60 degree dip
hole beneath the high-grade western margin of South Miwah
Bluff.
SMD001 was completed at 120 metres depth and
encountered 0.51 g/t gold
from 2.6 to 19.8 metres (17.2 metres),
including 0.78 g/t gold from 2.6
to 11 metres (8.4 metres).
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. Drilling has extended the Miwah Main Zone towards a
similar northing as Moon River. Sampling west of the Miwah
Main Zone
in the Signal area has potentially expanded the east-west width another
600 metres and remains open. Recent sampling
east of the Miwah Main
Zone in the East Block M area has potentially expanded the east-west
width another 400 metres and remains open.
Miwah Background
The Miwah Gold Prospect was partially defined by
approximately 3,100
metres of drilling in twelve 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 from the ongoing drill program
which is based on increased geological understanding. An example is
the intersection of 3.96 g/t gold over 111 metres,
including 15.74 g/t
gold over 22 metres from East Asia's diamond drill
hole EMD024.
Based on the Company's work Miwah is resolving into
two components; a
large 1,200 metre long, at least 450 metre wide, approximately 200
metre thick tabular zone; and vertical diatreme breccia feeder zones
that are beneath and cut through this. At Miwah
Gold Zones, East Asia
has almost 2,500 metres of rock sawn channel samples
which average 2.35
g/t gold. Grade expectations in Main Miwah Gold
Zone exceed 1.5 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 Main Miwah
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 seven 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
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undertake no obligation to publicly update or revise forward-looking
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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