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Re: News Releases - Tuesday, March 25, 2008
East Asia Minerals Continues to Extend Binebase-Bawone Gold Zone
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EAST ASIA MINERALS CONTINUES TO EXTEND BINEBASE-BAWONE GOLD ZONE
For Immediate release, March 25, 2008 TSXV: EAS
VANCOUVER, B.C. -- Tuesday, March 25, 2008 -- East Asia Minerals
Corporation (TSXV-EAS) is pleased to report that drilling in the
northern extremity of the Binebase Prospect at the Sangihe Property,
Indonesia, has extended the near-surface epithermal gold
mineralization. Drill hole BID-17 cut 35.25 metres of oxide
mineralization grading 0.68 g/t gold and 16.41 g/t silver from surface,
including 4.0 metres at 4.00 g/t gold and 23.13 g/t silver. BID-18 cut
40.30 metres of oxide mineralization grading 0.64 g/t gold and 9.28 g/t
silver from surface, including 8.0 metres at 1.20 g/t gold and 17.25
g/t silver, and 5.5 metres at 1.24 g/t gold and 6.66 g/t silver. The
intercepts under-report the true composite grades due to 1.30 and 1.90
metres respectively of lost core being assigned zero value.
BID-17 also encountered 89.25 metres of 0.37 g/t gold and 8.29 g/t
silver from surface, and 31.0 metres of 0.14 g/t gold and 1.29 g/t
silver commencing at 96.0 metres. Similar mineralization occurs in
BID-16 (108.00 metres of 0.36 g/t gold and 7.75 g/t silver) and may
represent an economically significant gold halo to the higher grade
material.
BID-17 was collared 100 metres north-northwest of BID-15, with a
northwest azimuth to test the extension of significant oxide gold
mineralization encountered in section BID-11/15. The hole also tested
beneath an area of structurally related mineralization grading 2 to 4
g/t gold in channel samples taken from an area not previously drilled.
Strong alteration was encountered, consisting of variable silica,
alunite, illite, sulphide (pyrite) with quartz, sulphide stringers
hosted in breccia and illite, silica +/- alunite, and sulphide
overprinted by tectonic breccia. Drill hole BID-18 was collared 90
metres to the southeast along section of BID-17, with a northwest
azimuth, and encountered similar alteration to BID-17. Section
BID-17/18 is located at a topographically lower position than BID-11/15
and is interpreted to be the lower or footwall side of the better gold
mineralized silica bodies, which may explain the lower gold assays.
The results demonstrate that the Binebase mineralization extends
further north than previously known.
"In addition to encountering near-surface gold in every hole at
Binebase-Bawone, we are also beginning to recognize a substantial lower
grade, but potentially significant halo to the high grade
mineralization, as well as some discrete bonanza grade veins where we
have encountered up to 20 g/t gold", stated Michael Hawkins, President
and CEO of EAS. "These newly recognized types of gold mineralization
are being reviewed for the potential to add significantly to the
deposit model and economics. In addition, results for base metals in
the Binebase area are indicating zonation that may be used to vector us
towards a potential porphyry source to the epithermal mineralization."
Binebase drill assays to date (with gold equivalent)*
Drill Hole From (m) To (m) Interval (m) Gold (g/t) Silver (g/t) Gold
Equiv. (g/t)*
BID-11** 0.00 45.00 45.00 1.28 50.51 2.18
BID-12 4.00 46.35 42.35 1.34 107.54 3.26
Including 8.00 33.00 25.00 2.03 159.96 4.89
BID-13 8.00 43.95 35.95 4.03 188.28 7.39
Including 9.00 31.00 22.00 5.74 121.64 7.91
BID-14 0.00 96.20 96.20 1.30 48.25 2.16
Including 3.00 45.00 42.00 2.67 86.38 4.21
BID-15** 0.00 45.00 45.00 1.52 80.03 2.95
Including 12.35 28.50 16.15 2.12 90.16 3.73
BID-16** 0.00 29.90 29.90 2.72 6.74 2.84
Including 5.60 20.60 15.00 4.70 1.92 4.73
Including 10.30 16.60 6.30 8.84 1.16 8.86
And 76.00 184.00 108.00 0.36 7.75 0.50
Including 112.00 113.00 1.00 20.60 58.00 21.64
BID-17** 0.75 90.00 89.25 0.37 8.29 0.52
Including 0.75 36.00 35.25 0.68 16.41 0.97
Including 12.00 16.00 4.00 4.00 23.13 4.41
And 96.00 127.00 31.00 0.14 1.29 0.16
BID-18** 0.00 40.30 40.30 0.64 9.28 0.81
Including 0.00 8.00 8.00 1.20 17.25 1.51
And 16.50 22.00 5.5 1.24 6.66 1.36
* The gold equivalent uses a silver to gold ratio of 56:1 based on
precious metal market prices, and assuming total recoveries of both
metals.
** BID-11, BID-15, BID-16, BID-17 and BID-18 under report the composite
grades due to 3.95, 3.90, 1.85, 1.30 and 1.90 metres respectively of
lost core being assigned a zero value.
Drilling will continue to test Binebase and Bawone, which remain open
along strike in both directions and may be contiguous along the
intervening 1.2 kilometres of strike. Drill hole BID-19 was collared
200 metres southeast along section of BID-18 with a southeast azimuth
and is the closest Binebase hole drilled to date by the Company towards
the Bawone Prospect, located 1.2 kilometres along strike to the
southeast (refer to the Company's website at www.EAminerals.com for a
plan view of drilling). Results are pending and will assist in
understanding the relationship between these two near-surface
epithermal gold prospects.
Induced Polarization
At Binebase preliminary induced polarization interpretations have
confirmed the correlation of resistivity highs with outcropping surface
silica breccia zones. These zones have returned very encouraging gold
and silver assays from the Company's drilling to date. A recently
mapped area of widespread silica breccia outcrops approximately 800
meters southeast of the Binebase drill area and has returned very
encouraging induced polarization responses. Historic channel sampling
indicates this area is anomalous in gold and silver.
At Bawone preliminary chargeability interpretations have extended the
potential gold mineralization southeast from the main drill area. In
addition, the interpretations have extended the potential gold
mineralization to the southeast of the Brown Sugar Prospect (East Asia
drill hole BOD-06 with 16.0 metres at 2.71 g/t gold and 33.2 g/t silver
from 8.0 metres depth), and in a new area 200 metres to the south.
Samples reported were assayed at PT SGS Indoassay (SGS Group) in
Balikpapan. Lionel Martin, P.Geo, 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 exploration properties 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 properties located in Aceh
Province in Sumatra and North Sulawesi. 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 Tue Mar 25, 2008 at 5:41:40 AM Pacific Time
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