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Re: News Releases - Monday, December 03, 2007
East Asia Minerals Intersects More Gold Over Significant
Thicknesses at Bawone and Binebase
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For Immediate release, December 3, 2007 TSXV: EAS
VANCOUVER, B.C. -- Monday, December 3, 2007 -- East Asia Minerals
Corporation (TSXV-EAS) is pleased to report that drilling on the Bawone
Prospect at the Sangihe Project, Indonesia, continues to intersect
significant gold mineralization. Drill hole BOD-09 intersected 58.0
metres of 1.30 g/t gold within a broader interval that returned 128.0
metres of 0.82 g/t gold. Drill hole BOD-10 encountered 57.0 metres of
1.73 g/t gold, including 36.0 metres of 2.50 g/t gold from near
surface. This shallow epithermal gold mineralized zone remains open
along strike in both directions. Additional drilling is planned.
The drill is now testing the Binebase Prospect, located 1.2 kilometres
along strike to the north of Bawone where additional trenching has
uncovered 2.00 g/t gold over 62.0 metres, 1.98 g/t gold over 45.5
metres, and 2.28 g/t gold over 28.5 metres. These results indicate
wide zones of significant epithermal gold mineralization at surface.
Mineralization at Binebase is similar to and possibly contiguous with
that at Bawone. Previous East Asia trenching results at Binebase have
included up to 32.0 metres of 4.18 g/t gold and 38.0 g/t silver
(October 18, 2007 news release).
Bawone Assay Highlights
Drill Hole From (m) To (m) Interval (m) Gold (g/t) Silver (g/t) Copper
(%)
BOD-09 49.0 177.0 128.0 0.82 2.95 0.24
Including 49.0 107.0 58.0 1.30 5.76 0.36
And 50.0 64.0 14.0 2.41 11.72 0.62
BOD-10 11.0 68.0 57.0 1.73 7.52 0.32
Including 11.0 47.0 36.0 2.50 11.49 0.47
Drill section BOD-08/09/10 was drilled southeast of section BOD-01/03
to validate historic drill results and conduct delineation drilling in
the central portion of the Bawone Prospect (refer to the Company's
website at www.EAminerals.com for a plan view of drilling). This
section is along strike between BOD-07 (31.6 metres of 3.75 g/t gold,
including 21.6 metres of 5.02 g/t from 3.4 metres depth - reported
November 19, 2007) and section BOD-01/03 (91.3 metres of 2.45 g/t gold
including 50.0 metres of 3.32 g/t gold, and 125.0 metres of 1.67 g/t
gold - reported October 16, 2007).
BOD-08, the centre hole of the section, was drilled with a northeast
inclination and encountered 39.0 metres of 1.29 g/t Au in a broader
zone of 100.0 metres of 0.86 g/t gold, with sampling ending in 3.26 g/t
gold near the end of hole in a newly recognized mineralization type
(reported November 19, 2007).
BOD-09, the southwestern hole of the section, was also drilled with a
northeast inclination and ended in mineralization at 221.25 metres due
to drill limitations. The host rock is andesite crystal and lithic
tuff, dominated by hydrothermal breccia with silica -- barite -- clay
-- sulphide (5 to 70%) alteration from 50.90 to 117.90 metres, followed
by silica -- barite -- clay -- sulphide (5 to 10% and locally to 50%)
altered volcaniclastics to the end of hole.
BOD-10, the northeastern hole of the section, was designed as a scissor
hole with a southwest inclination to delineate the mineralization and
improve the geological model
These intersections continue to demonstrate the continuity of the
Bawone mineralization, and will be used to design a delineation program
during the first half of 2008. The Company intends to complete
NI43-101 compliant reporting for the Bawone and Binebase Prospects by
the end of 2008. The drill is currently at the Binabase Prospect to
test recently trenched gold zones where up to 32 metres of 4.18 g/t
gold were encountered. A preliminary program of 400 to 500 metres of
core drilling in five holes is planned. Induced polarization surveying
is also underway to enhance understanding of the shallow covered
geology between the Bawone and Binabase Prospects, and add to the
understanding at the Brown Sugar and Bonzos Zones where recent East
Asia drilling encountered 16 metres of 2.7 g/t gold, 400 metres
southwest of Bawone (reported October 25, 2007).
Samples reported were assayed at PT SGS Indoassay (SGS Group) in
Balikpapan. Michael Hawkins, M.Sc., MAusIMM, 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 55,185,372 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 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 Mon Dec 3, 2007 at 5:17:01 AM Pacific Time
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