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Re: News Releases - Tuesday, August 24, 2010
East Asia Minerals Verifies Miwah Drill Results via Independent
Qualified Third Party
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For Immediate Release, August 24, 2010 TSXV: EAS
VANCOUVER, B.C. -- Tuesday, August 24, 2010 -- East Asia Minerals
Corporation (TSXV-EAS) announces that an independent third party
verification has been completed for
Diamond drill core collected at the
Company's Miwah Gold Project in Aceh Province, Northern Sumatra,
Indonesia. The results from this most recent study, completed by an
independent consulting firm, have validated the veracity of gold assays
reported by East Asia Minerals for drill core sampled throughout the
course of exploration at its flagship Miwah Gold Project.
This independent third party validation was conducted for drill holes
EMD001 to EMD030 and complies with East Asia's policy of robust QAQC
protocols and technical excellence. Although East Asia Minerals
undertakes a continuous and robust QAQC program at all of its
exploration projects, including independent Qualified Person
validations at various times throughout ongoing drill campaigns, the
announcement of these independent results for Miwah are designed to put
to rest rumblings from some quarters of the industry and investment
community.
Findings of the independent third party verification conclude that 1)
the core sampling, analytical and QAQC protocols used by East Asia
Minerals at Miwah are in line with industry practice and are considered
by the independent third party to be in-line with international best
practice, and 2) the sampling by the independent third party returned
gold values of similar tenor to the values previously reported by East
Asia Minerals and confirmed the presence of a well mineralized gold and
silver system at Miwah. The independent third party is confident,
following their site visit and the results of its sampling, that the
general range of gold and silver values reported by East Asia Minerals
are representative of the values that can be expected from the Miwah
deposit.
L. Martin, P.Geo., the designated QP within the meaning of NI 43-101,
has reviewed/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 Tue Aug 24, 2010 at 6:37:04 AM Pacific Time
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