EAS drills 245 vertical metres of gold mineralization
Extends Miwah Main Zone to the East
Tuesday, October 19 2010 - 03:27 AM WIB
In addition, exploration drill hole EXD004 has extended the Miwah Main Zone to the new East Block M discovery area. Drilling is presently infilling the Miwah Main Zone to Moon River area, and exploring further east in the East Block M discovery area, the company said.
EMD044 is a vertical drill hole designed to test for depth extension from mineralization encountered by EMD033 (1.34 g/t gold over 323.1 metres, including 1.51 g/t gold over 270.5 metres). The hole was completed at 352.2 metres and encountered 0.48 gpt gold from 107.5 to 352.2 metres (244.7 metres).
EMD045 was drilled with a due west azimuth and 50 degree dip to test the distribution of alteration/mineralization west of EMD041 towards EMD033/37/37B. The hole was completed at 219.2 metres and encountered 0.39 g/t gold from 79.5 to 107.5 metres (28 metres), and 0.97 g/t gold from 147 to 204 metres (57 metres) including 1.67 g/t gold from 156 to 174 metres (18 metres). The alteration/mineralization is open to the east, north and at depth, and is interpreted to be contiguous to gold-rich holes drilled in all other directions.
EMD046 was drilled with a 22 degree azimuth and 55 degree dip to test for continuity of mineralization northeast from EMD041/045, towards Moon River. The hole was completed at 220 metres and encountered favourable alteration/mineralization from 97.7 to 220 metres. Assays are pending.
EXD004 was drilled with an 80 degree azimuth and 65 degree dip to test the extension of alteration/mineralization to the southeast of Moon River and northeast of Block M where recent channel sampling encountered 2.22 g/t gold over 27.5 metres in the East Block M area. The target is located 220 metres northeast of drill hole EMD016, the furthest east that East Asia Minerals has drilled the Miwah Main Zone. The hole was completed at 213 metres and encountered favourable alteration/mineralization from 60.3 to 165.7 metres, and 203.8 to 211.7 metres. Assays are pending.
EXD005 is commencing with a 75 degree azimuth and 50 degree dip to test the extension of alteration/mineralization to the southeast of EXD004 where recent channel sampling encountered 1.23 g/t gold over 12 metres, including 3.04 g/t gold over 3 metres in the East Block M area. The target is located 400 metres east of drill hole EMD016.
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.
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 advanced to define NI43-101 compliant resources.(giok)