EAS expands Miwah Main Zone with partial assays of 1.68 g/t gold over 230.5m
Thursday, July 8 2010 - 03:21 AM WIB
Partial assays received for EMD033 report 1.68 g/t gold over 230.5 metres, including 2.33 g/t gold over 89 metres followed by 1.87 g/t gold over 71 metres which covered a large area of the deposit extending north from East Asia's existing drilling, the Company reported.
In addition, EMD034, designed to test west of all drilling to date, encountered 87.9 metres of 0.55 gpt gold including 28.9 metres of 1.14 gpt gold, extending the reach of the Miwah mineralization beyond the initially modelled deposit size and adding significant gold ounce potential, it added.
EMD033 was drilled northeast from EMD014/026 using a 030 degree azimuth and 55 degree dip to test the extension of alteration/mineralization northeast of the Block M portion of the Miwah Main Zone and southwest of Moon River. The hole was completed at 349.6 metres downhole depth and encountered 1.68 g/t gold from 26.5 to 257 metres, including 2.33 g/t gold from 58 to 147 metres, and 1.87 g/t gold from 162 to 233 metres. The mineralization is open to the north, east and at depth, and is interpreted to be contiguous to gold-rich holes drilled in all other directions.
EMD033 has made a substantial positive impact towards endorsing the modelled upside of the Miwah Main Zone being continuous to the Moon River area. Should the Miwah Main Zone connect to the Moon River area, the potential is to double the initial pre-drilling model size.
?The Miwah diamond drill program continues to execute its advanced exploration bias, which is successfully maintaining geological control of the gold-bearing horizon to effectively define the limits of the known gold mineralization. A third drill rig will be brought to site soon to test farther reaching drill targets such as Sipopok and the west and east down-faulted extensions to the Miwah Main Zone. This drilling will follow near-completed detailed work designed to establish the tight geological controls required to increase opportunities for drilling success. In-fill resource drilling will commence once the limits to the Miwah Gold Zones have been delineated.?
East Asia has drill validated the 1.2 kilometre east-west outcropping width of the shallow, laterally extensive Miwah Main Zone, and has encountered gold mineralization in all of its holes. 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.
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. (alex)
