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Re: News Releases - Thursday, May 01, 2008
East Asia Minerals to Drill Sedi High Grade Gold Zone and Reports
122 g/t Gold From Kupa Prospect at Sangihe
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For Immediate release, May 1, 2008 TSXV: EAS
VANCOUVER, B.C. -- Thursday, May 1, 2008 -- East Asia Minerals
Corporation (TSXV-EAS) is pleased to report that recent sampling at the
Sedi Prospect at the Sangihe Property, Indonesia, has encountered
additional high grade gold with grabs assaying 13.4, 15.0 and 42.6 gpt
gold at Zone One, and 7.78, 11.2 and 16.0 gpt gold at Zone Two. In
addition, grab sampling southeast of the Sedi Prospect has encountered
122.0, 82.4 and 73.8 gpt gold at the Kupa Prospect.
Mapping, backhoe excavation and induced polarization are in progress at
the Sedi Prospect in preparation for upcoming drill testing.
The Sedi Prospect is located 7 kilometres south of the Binebase-Bawone
Prospect and has been mapped over 600 metres with a NNE-SSW strike. It
remains open in both directions. Zones One and Two are at either end
of the mapped Sedi vein system, and occur as low sulphidation vein
horsetails with gold controlled by structural dilations. Previously at
Sedi the Company announced 5.86 g/t gold and 10.0 g/t silver, 2.23 g/t
gold and 8.0 g/t silver, and 37.3 g/t gold and 28.0 g/t silver (July
17, 2007 news release).
The Kupa Prospect, located 2 kilometres southeast of Sedi, is a high
grade low sulphidation breccia vein. Historic results include 126.6,
73.3, 19.3, 16.2, 14.2 and 9.6 gpt gold. East Asia sampling has
validated this work with grab samples giving up to 122.0 gpt gold. The
Kupa Prospect will be mapped in further detail.
"In addition to the near-surface high-sulphidation gold being drilled
at Binebase-Bawone, we are advancing other exciting gold prospects on
the Sangihe Property displaying that the potential of this property
continues to grow" stated Michael Hawkins, President and CEO of East
Asia Minerals. "While we drill test the high grade Sedi Prospect in
the coming weeks, we are planning for continued drilling of the
Binebase-Bawone Prospect with the goal of completing a N43-101
compliant resource estimate by year end. This work is progressing
well."
About East Asia Minerals Corporation
East Asia Minerals 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 drilled to define NI43-101 compliant
resources. The Company owns ten uranium properties, including the
advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and a 75%
interest in the Khok Adar copper oxide discovery in Mongolia. East
Asia currently has 55,645,372 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) 2008 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 May 1, 2008 at 6:38:03 AM Pacific Time
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