EAS further opens the Miwah Main Zone
Friday, May 14 2010 - 01:48 AM WIB
EMD026 encountered 1.77 g/t gold over 65 metres within 159 metres grading 1.01 g/t gold, establishing the link between the Miwah Bluff and Block M portions of the Miwah Main Zone, the Company saaid. In addition EMD026 encountered a deeper zone of 0.31 g/t gold over 58.7 metres, finishing at the end of hole.
Due to similarities in mineralization/alteration, this zone is interpreted to be a vector towards the intersection of 15.74 g/t gold over 22 metres at the end of EMD024, located 70 metres due north. EMD025 encountered several interfingered gold-bearing zones within the cross-cutting Rusa Fault Zone, extending the Miwah mineralization towards the recently discovered Signal area gold-bearing vuggy silica outcrops located up to 600 metres west of previous drilling.
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, it said. 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.
Based on the Company's work, Miwah is resolving into two components; a large 1,200 metre long, at least 450 metre wide, approximately 200 metre thick tabular zone; and vertical diatreme breccia feeder zones that are beneath and cut through this. At Miwah Gold Zones, East Asia has almost 2,500 metres of rock sawn channel samples which average 2.35 g/t gold. Grade expectations in Main Miwah Gold Zone exceed 1.5 g/t gold.
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)
