EAS encounters significant porphyry gold mineralization at Aceh project
Tuesday, March 3 2009 - 01:00 AM WIB
The results including 31 metres of 0.77 g/t gold plus 0.03% copper and 116 metres of 0.33 g/t gold plus 0.04% copper, it said
?These results are significantly better than the historical drill intercepts from the upper 90 metres of the Lower Tengkereng porphyry system. Historic drill and current surface results at Lower Tengkereng are better than results from Upper Tengkereng located 1.5 kilometres northeast of Lower Tengkereng,? the company said.
East Asia Minerals' Tengkereng is located within Barisan II Project in Aceh, which encompasses a cluster of six known porphyry centers within a 6.2 kilometre by 3 kilometre block.
Geological features observed in drill core from Upper Tengkereng and surface outcrops at Lower Tengkereng confirm that these systems share many features of the world's best gold-rich porphyry copper deposits in the circum-Pacific rim, it said.
East Asia Minerals is an Asian-based, Canadian mineral exploration company with gold and copper exploration properties in Indonesia, and uranium and phosphate 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.(alex)
