EAS encounters 3.1 g/t gold over 23 m at Miwah
Monday, April 4 2011 - 05:04 PM WIB
Ongoing drilling demonstrates that the Miwah Main Zone remains open for potential expansion beyond the initial resource estimate block, the company said.
EMD063 encountered 1.09 g/t gold over 84 metres including 3.10 g/t gold over 23 metres, and remains open to the west. In addition, assays received from EMD064 and 065 continue to demonstrate that the Main Zone is open north towards Moon River.
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 700 metres, whilst remaining open further to the north towards Sipopok, it said. 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.
EAS has 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.(alex)