East Asia Minerals Confirms Connection Between Miwah Bluff and Block M With 2.28 g/t Gold Over 95 Metres Within 159.5 Metres Grading 1.46 g/t Gold
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/15/11 -- East Asia Minerals Corporation (TSX VENTURE: EAS) reports that the NI43-101 resource drilling program at the Miwah Main Zone in Aceh Province, Northern Sumatra, Indonesia, continues to be on schedule with completion of the initial estimate expected early Q2, following which, exploration drilling will continue in order to expand on the initial resource. Recent highlights include EMD058 which encountered 1.46 g/t gold over 159.5 metres, including 2.28 g/t gold over 95 metres, confirming the connection between Miwah Bluff and Block M.
The Company also reports:
-- assays for drill holes EMD055, EMD057, EMD058,
-- geological updates for completed holes EMD059 to 061, EMD063 (assays
pending),
-- updates for in-progress drill holes EMD062, EMD064 to 066.
EMD055 was drilled with a 272 degree azimuth and 30 degree dip in the eastern area of the Miwah Main Zone to infill alteration and mineralization between Block M and Moon River. The hole was completed at 352 metres and encountered 0.54 g/t gold from 64 to 198 metres (134 metres) including 1.26 g/t gold from 148 to 176 metres (28 metres), followed by 0.48 g/t gold from 224 to 253 metres (29 metres).
EMD057 was drilled with a 195 degree azimuth and 70 degree dip in the southeast extreme of the outcropping Miwah Main Zone to test south-southwest along section from EMD056. The hole was completed at 200.2 metres and encountered 0.97 g/t gold from 2 to 11 metres (9 metres), 0.3 g/t gold from 39 to 67 metres (28 metres), and 0.26 g/t gold from 145.5 to 200.2 metres (54.7 metres) including 0.6 g/t gold from 145.5 to 154.5 metres (9 metres).
EMD058 was drilled with a 258 degree azimuth and 50 degree dip to infill alteration and mineralization between Miwah Bluff and Block M, and successfully confirmed the connection. The hole was completed at 300.5 metres and encountered 1.46 g/t gold from 133 to 292.5 metres (159.5 metres) including 2.28 g/t gold from 133 to 228 metres (95 metres), 3.09 g/t gold from 144 to 165 metres (21 metres), 3.49 g/t gold from 175 to 196 metres (21 metres), and 0.78 g/t gold from 272 to 292.5 metres (20.5 metres).
EMD059 was drilled with a 270 degree azimuth and 50 degree dip to infill alteration and mineralization between Miwah Bluff and Block M to the north of EMD058. The hole was completed at 400.2 metres and encountered favourable alteration/mineralization from 49.5 to 81.2 metres, 115.4 to 119.5 metres, 127.8 to 134.5 metres, 146.4 to 331 metres and 362.2 to 386.3 metres. Assays are pending.
EMD060 was drilled with a 30 degree azimuth and 50 degree dip to infill alteration and mineralization between Block M and Moon River. The hole was completed at 350.9 metres and encountered favourable alteration/mineralization intercalated throughout the full length with major intervals from 67.1 to 90.6 metres, 126.4 to 150 metres, and 221.3 to 230.7 metres. Assays are pending.
EMD061 was drilled with a 40 degree azimuth and 60 degree dip in the west extreme of the resource estimate block. The hole was completed at 211.8 metres and encountered favourable alteration/mineralization from 40.1 to 79.5 metres, and 192.9 to 211.8 metres where the hole ended in mineralization due to drill rig limitations. Assays are pending.
EMD062 is being drilled with a 225 degree azimuth and 70 degree dip to infill alteration and mineralization south of EMD058.
EMD063 was drilled with a 150 degree azimuth and 60 degree dip to test the northwest extension of alteration and mineralization intersected in EMD061. The hole was completed at 201.4 metres and encountered favourable alteration/mineralization from 75 to 113.3 metres, 119.1 to 124.1 metres, and 137.8 to 161.6 metres. Assays are pending.
EMD064 is being drilled with a 346 degree azimuth and 50 degree dip to infill lithology and alteration between Block M and Moon River.
EMD065 is being drilled with a 45 degree azimuth and 50 degree dip to infill lithology and alteration between Block M and Moon River.
EMD066 is being drilled with a 280 degree azimuth and 60 degree dip to test the west extension of alteration and mineralization intersected in EMD061. (Refer to Miwah drill hole location map at www.EAminerals.com).
East Asia has diamond drill validated the 1.2 kilometre east-west outcropping width of the shallow, laterally extensive Miwah Main Zone, and has encountered significant gold mineralization in more than 95% of all holes analyzed to date. The Miwah Main Zone remains open in all directions with the Moon River area expanding the north-south potential to more than 600 metres, whilst remaining open further to the north towards Sipopok. Drilling has extended the Miwah Main Zone towards a similar northing as Moon River. Sampling west of the Miwah Main Zone in the Signal area has potentially expanded the east-west width another 600 metres and remains open. Recent sampling east of the Miwah Main Zone in the East Block M area has potentially expanded the east-west width another 400 metres and remains open.
Samples reported were assayed at Intertek assay laboratories in Jakarta. Lionel Martin, P.Geo., the designated QP within the meaning of NI 43-101, has reviewed and approves the content of this release.
About East Asia Minerals Corporation
East Asia Minerals (TSX VENTURE: EAS) 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. The Company owns seven uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and two phosphate properties in Mongolia. East Asia currently has 77,089,872 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.
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Contacts:
East Asia Minerals Corporation - Vancouver
Michael Hawkins
President and CEO
1-604-684-2183
Hawkins@EAminerals.com
East Asia Minerals Corporation - Toronto
Nick Kohlmann
Corporate Communications
1-416-792-8734
Kohlmann@EAminerals.com
www.EAminerals.com