EAS extends Miwah gold mineralization
Tuesday, June 15 2010 - 04:06 PM WIB
According to the company, EMD031 encountered 2.19 g/t gold over 43 meters, including 4.10 g/t gold over 15 meters; and EMD032 encountered 1.62 g/t gold over 37.6 meters, including 2.58 g/t gold over 20 meters.
These holes continue to extend the Miwah Main Zone west from previous drilling where the Company encountered 2.18 g/t gold over 116 meters.
EMD031 was drilled with a due south azimuth and 30 degree dip from the EMD028 location to further test the west extension of the gold-rich Miwah Main Zone. The hole was completed at 200 meters downhole depth and encountered 2.19 g/t gold from 59 to 102 meters, including 4.10 g/t gold from 60 to 75 meters.
EMD032 was drilled with a due west azimuth and 55 degree dip to test west of the Miwah Main Zone from EMD028. The hole was completed at 200 meters downhole depth and encountered 1.62 g/t gold from 108 to 145.6 meters, including 2.58 g/t gold from 119 to 139 meters. EMD032 has significantly opened the western extension of the Miwah gold mineralization beyond all previous EAS and historic drilling.
"Our recent drill results continue to deliver as we explore the Miwah gold system." stated Michael Hawkins, President and CEO of East Asia Minerals. "The consistency and size of the mineralized footprint supports our interpretation that Miwah has great potential to develop into one of this cycle's more important gold discoveries. We have had some pleasant surprises along the way, and those have added to our understanding and success as we unravel the genesis of Miwah. We note that the larger of the world's high sulphidation deposits are geologically diverse systems. The geological diversity and large footprint at Miwah demonstrate the significance of the Miwah discovery, as does the 100 percent gold hit rate that amply displays how robust the mineralizing event was."
EMD033 is progressing well and is testing northeast from EMD014/026 using a 030 degree azimuth and 55 degree dip; the target is extension of alteration and mineralization to the northeast of the Block M portion of the Miwah Main Zone, and southwest of Moon River. The hole entered visually favorable alteration/mineralization at 63 meters downhole depth and continued in this zone to the most recent reported depth of 230 meters.
EMD034 was drilled with a due east azimuth and 47 degree dip to test further west of the Miwah Main Zone from EMD032. The hole was completed at 200 meters downhole depth and encountered three discrete zones of visually favourable altered/mineralized sections between 106 and 193 meters downhole depth. Assays are pending.
EMD035 has just commenced and is using a due east azimuth and 47 degree dip to further validate the Miwah Bluff portion of the Miwah Main Zone.
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.
EAS 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)