East Asia Minerals Encounters 27 Metres of 4.35 G/T Gold in Miwah Trench
VANCOUVER, BRITISH COLUMBIA–(Marketwire – July 28, 2008) – East Asia Minerals Corporation (TSX VENTURE:EAS) continues to encounter significant gold intercepts from trench sampling at its Miwah Project located in Aceh Province, North Sumatra, Indonesia. These results, including 27 metres of 4.35 g/t gold are from the diatreme breccia target in the western part of the property.
Miwah Trenching Update
Additional encouraging assay results have been received from channel sampling in trenches at the Miwah gold-copper Project in the same area as previously reported (see Table below). Wide intercepts of gold mineralization to over 100 metres are hosted in advanced argillic altered felsic tuff and hydrothermal breccias in an expanded area, now measuring 250 metres by 250 metres (view map at www.EAminerals.com). This mineralization occurs within the historical known high sulphidation alteration footprint of greater than 1000 by 1000 metres.
——————————————————— Reference____Length (metres)____Gold (g/t)____Silver (g/t) ——————————————————— Trench 16______________27.0__________4.35____________3.21 ——————————————————— Including______________ 8.0__________9.45____________1.48 ——————————————————— Trench 17______________20.0__________0.27____________1.32 ——————————————————— Trench 18______________27.0__________0.64____________1.31 ——————————————————— Trench 19______________29.0__________0.58____________1.82 ——————————————————— Trench 20______________13.0__________2.58____________7.93 ——————————————————— Trench 21______________17.0__________0.13____________0.97 ——————————————————— Trench 22______________11.0__________0.64____________2.89 ——————————————————— Trench 23______________26.0__________0.35____________2.30 ——————————————————— Trench 24______________7.00__________0.17____________0.93 ——————————————————— Trench 25______________11.0__________0.34____________0.95 ——————————————————— Trench 26______________11.0__________0.35____________0.07 ——————————————————— Trench 27a____________ 19.0__________1.46__________ 14.78 ——————————————————— Trench 27b____________ 16.0__________3.92____________9.09 ——————————————————— Trench 28______________26.0__________0.61____________6.83 ——————————————————— Trench 29______________20.0__________0.53____________2.68 ——————————————————— Trench 30______________ 9.0__________0.69____________1.82 ——————————————————— Trench 31______________ 9.0__________0.58____________1.09 ——————————————————— Trench 32______________24.0__________2.52____________3.44 ——————————————————— Trench 33______________14.0__________2.02____________3.01 ——————————————————— Trench 34______________35.0__________1.68__________ 10.12 ——————————————————— Trench 35______________34.0__________0.72____________1.18 ——————————————————— Trench 36______________26.0__________0.28____________0.57 ——————————————————— Trench 37______________33.0__________0.24____________0.32 ——————————————————— Trench 38______________36.0__________0.23____________0.36 ——————————————————— Trench 39______________ 4.0__________0.19____________0.25 ——————————————————— Trench 40______________59.0__________0.72____________0.65 ——————————————————— Trench 41______________21.0__________0.98____________3.76 ——————————————————— Note that Trenches 21 to 25 are located approximately 500 metres northeast of Miwah Bluff Breccia Zone, and Trench 26 is in between. All composite intervals are un-cut.
The Miwah Property is located within the same volcanic arc as the Martabe high sulphidation gold deposit in North Sumatra (Purnama and Baskara resources: 127.8 million tonnes at 1.4 g/t Au (5.5 million ounces) and 15 g/t Ag (60 million ounces)). The Miwah Property contains a large, high sulphidation epithermal system that is geologically similar to Martabe. It was partially defined by approximately 3000 metres of drilling in eleven holes by a previous explorer in 1997. All holes drilled during this program intersected significant alteration and mineralization with intercepts including 71 metres at 1.4 g/t gold and 58 metres at 1.1 g/t gold. The previous explorer suggested potential for 100 Mt at 1.1 to 1.2 g/t gold, however a review of the historical data indicates that early drilling was clearly parallel to higher grade (greater than 5 g/t gold) structures at surface, and hence significantly higher overall grades are anticipated from better oriented drill holes.
Integration of recent encouraging trench results and historical work, combined with ongoing detailed surface mapping and sampling will form the basis for selecting optimum drill targets which are anticipated to be drill tested later in the year.
Samples reported were assayed at Intertech assay 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. East Asia has not verified the classification of the resource references and is not treating them as a NI 43-101 defined resources verified by a QP. Although the references of resources are relevant to recognizing the potential of the Miwah project, they should not be relied upon.
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.
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