EAS encounters additional 200m of 4.11 g/t gold in Miwah Channels

Wednesday, January 21 2009 - 10:41 PM WIB

Vancouver-based mining firm East Asia Minerals Corporation continues to encounter significant gold intercepts from rock sawn channel sampling at its Miwah Gold Project in Aceh Province.

According to the company, the latest results have encountered high grade gold from the central part of Block M, including 20 metres of 14.00 g/t gold, 10 metres of 3.70 g/t gold, 32 metres of 2.41 g/t gold and 20 metres of 1.45 g/t gold, over 200 metres of strike within the plus 1000 metre long continuously gold mineralized Miwah zone.

Also, rock chip samples with anomalous gold values were collected from Sipopok, a newly discovered mineralized system located 1.5 kilometres northeast of Miwah.

Michael Hawkins, President and CEO stated "We continue to be very encouraged by the tenor and continuity of our rock sawn channel sampling of the huge, well exposed Miwah high sulphidation epithermal gold system. Miwah is so well exposed at surface that we are very confident of the overall size of the system, and as our rock sawn sampling program progresses we are likewise confident that the overall grade of the system might approach, or perhaps even surpass that of the nearby world class Martabe gold deposit."

Ongoing detailed surface mapping and sampling will form the basis for selecting optimum drill targets which are anticipated to be drill tested in Q2 2009.

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. (alex)

Share this story

Tags:

Related News & Products