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Re: News Releases - Wednesday, August 25, 2010
East Asia Minerals Corporation: Miwah Petrology and SEM Data Has
Positive Implications for Miwah Metallurgy
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For Immediate Release, August 25, 2010 TSXV: EAS
VANCOUVER, B.C. -- Wednesday, August 25, 2010 -- East Asia Minerals
Corporation (TSXV-EAS) announces that continuing petrographic and
scanning electron microprobe studies are adding to the Company's
earlier recognition of widespread fine grained free gold at Miwah.
Native gold is now recognized within multiple environments throughout
the Miwah deposit.
Significant quantities of fine free gold are noted in oxide, mixed
oxide-sulphide, and sulphide samples. What is particularly encouraging
is that it is noted that even in the base of the system where sulphides
are noted, the gold is typically present as free gold. This indicates
that even in the sulphide part of the Miwah system, gold is not
refractory.
These conclusions, by studies completed at universities in Australia
and Canada, are supported by initial metallurgical testing conducted by
the previous operators of the project which showed that even material
that was shown to be only 17% oxidized returned very acceptable cyanide
leach recoveries.
In commenting on the petrological studies and historical metallurgy,
Michael Hawkins, President and CEO of East Asia Minerals stated that
"Whilst it was too early in the exploration process to conduct
extensive metallurgical studies at Miwah, the Company decided it
prudent to conduct investigations as to the character of the very
significant amounts of gold mineralization it has intersected in all
holes drilled to date. We are greatly encouraged by the fact that even
in the deepest intercepts of mineralization the gold at Miwah seems to
be predominantly present as fine grained free gold, though rarely
discrete grains of gold tellurides are also noted. The amount of free
gold observed in petrology and in scanning electron microprobe work is
strongly indicative that the gold mineralization at Miwah will not be
metallurgically complex", he said. "This data gives us considerable
comfort that the initial preliminary metallurgical studies, which
showed more than acceptable cyanide leach recovery of gold, were a fair
indicator of what we might expect moving forward."
East Asia Minerals directs interested readers to its website
(www.EAminerals.com) where it has additional details to the above
discussion under the Indonesian section located at
Projects/Indonesia/Miwah.
Further to the "East Asia Minerals Verifies Miwah Drill Results via
Independent Qualified Third Party" news release of August 24, 2010,
East Asia Minerals also directs interested readers to its Miwah website
section where it has additional details including reference to Mining
Associates Pty Limited and its Qualified Persons.
Lionel Martin, P.Geo., the designated QP within the meaning of NI
43-101, has reviewed and approves the content of this release.
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 eight uranium
properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger
uranium projects, and two phosphate properties in Mongolia. East Asia
currently has 75,580,872 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
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts 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
Nick Kohlmann, Corporate Communications Toronto T: +1-416-792-8734
E: Kohlmann@EAminerals.com
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Copyright (c) 2010 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 Wed Aug 25, 2010 at 6:13:02 AM Pacific Time
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East Asia Minerals Corporation
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EXPLORATION STAGE |
CODE : EAS.V |
ISIN : CA2705411056 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
East Asia Minerals is a gold and silver exploration company based in Canada. East Asia Minerals holds various exploration projects in Indonesia. Its main exploration properties are TAKENGON, BARISAN 2 PORPHYRY PROJECTS, TANGSE, SANGIHE, ABONG, MIWAH, UPPER TENKERENG and BARISAN in Indonesia and ENGER, KHOK ADAR, ULAAN NUUR and INGIIN-NARS in Mongolia. East Asia Minerals is listed in Canada and in Germany. Its market capitalisation is CA$ 8.3 millions as of today (US$ 6.3 millions, € 5.3 millions). Its stock quote reached its highest recent level on May 14, 2010 at CA$ 8.73, and its lowest recent point on January 01, 2016 at CA$ 0.01. East Asia Minerals has 53 790 000 shares outstanding. |