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Re: News Releases - Monday, September 08, 2008
East Asia Minerals Intersects More High Grade Gold at Abong
Including 11 Metres of 5.68 g/t Gold
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For Immediate release, September 8, 2008 TSXV: EAS
VANCOUVER, B.C. -- Monday, September 8, 2008 -- East Asia Minerals
Corporation (TSXV-EAS) is pleased to report recent drill results,
including 11.00 metres of 5.68 g/t gold in ABD-74 and 10.0 metres of
2.50 g/t gold in ABD-75, from its Abong Project located in Aceh
Province, Indonesia. This recent drilling extends the main Bulan gold
mineralization to the west where it still remains open. The overall
Abong mineralized system also remains open in both strike directions.
Abong Drill Update
Recent infill and step-out drilling at the Bulan Gold Zone ("BGZ") in
the Abong Project area continues to demonstrate the continuity of the
near-surface, flat-lying, gold-bearing jasperoid horizon with strong
gold intercepts of 11.00 metres of 5.68 g/t gold in hole ABD-74 and
10.0 metres of 2.50 g/t gold in ABD-75 (view map at
www.EAminerals.com). These drill intercepts have extended the BGZ to
the west. Elsewhere infill drilling at the Bulan Main Zone continues
to produce predictable results, including 16.00 metres at 1.57 g/t gold
in hole ABD-69 and 17.00 metres of 1.54 g/t gold in hole ABD-71.
Hole Number From (m) To (m) Interval (m) Gold (g/t) Comment
ABD-60 59.00 64.00 5.00 2.07 Bulan Main Zone
ABD-61 10.00 14.00 4.00 0.37 Bulan Main Zone
And 18.00 21.00 3.00 0.55 Bulan Main Zone
ABD-62 32.00 40.00 8.00 0.36 Bulan Main Zone
ABD-63 31.00 37.00 6.00 0.53 Bulan Main Zone
ABD-64 18.00 32.00 14.00 0.61 Bulan South Zone
ABD-65 53.00 55.00 2.00 0.78 Bulan South Zone
ABD-66 NA No Jasperoid
ABD-67 39.00 48.00 9.00 1.26 Bulan Main Zone
ABD-68 40.00 45.00 5.00 4.89 Bulan Main Zone
ABD-69 71.00 87.00 16.00 1.57 Bulan Main Zone
ABD-70 56.00 69.00 13.00 0.57 Bulan Main Zone
ABD-71 8.00 25.00 17.00 1.54 Bulan Main Zone
ABD-72 7.00 18.00 11.00 0.69 Bulan Main Zone
ABD-73 42.00 59.00 17.00 0.49 Bulan Main Zone West
Including 52.00 55.00 3.00 1.81 Bulan Main Zone West
ABD-74 26.00 37.00 11.00 5.68 Bulan Main Zone West
Including 26.00 30.00 4.00 14.28 Bulan Main Zone West
ABD-75 4.00 14.00 10.00 2.50 Bulan Main Zone West
Including 6.00 11.00 5.00 4.48 Bulan Main Zone West
ABD-76 54.00 64.00 10.00 0.36 Bulan Main Zone West
A pattern of gold-mineralization is emerging at Abong with a series of
northeast structurally oriented elongated high grade gold zones (for
example 11.00 metres at 6.29 g/t gold in ABD-32 and 9.00 metres at 4.84
g/t gold in ABD-3) surrounded by lower grade envelopes (represented by
values in the plus 0.5 to 1.5 g/t gold range) contained within a major
northwest trending corridor up to 600 metres wide and traceable for
over 1.7 kilometres. Potential for the discovery of new gold cells
along extensions of the Abong structural trend to the northwest and
southeast is under active investigation.
Scout drilling of the newly discovered Kapar gold target has been
completed and results are pending. Previous channel sampling at Kapar
returned 16 metres at 1.67 g/t gold from a creek exposure located 1.3
kilometres east of Bulan within the same structural and geological
setting.
Samples reported were assayed at Intertek Laboratories in Jakarta.
David Royle, B.Sc. (Hons), FAusIMM, CP, 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 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 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.
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: : +1-604-684-2183
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 Mon Sep 8, 2008 at 6:00:49 AM Pacific Time
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