EAS reports further strong gold mineralization in Aceh
Thursday, February 18 2010 - 02:48 AM WIB
In the western area EMD017, partials for EMD018, and EMD019 respectively encountered 1.36 g/t gold over 20.5 metres, including 1.67 g/t gold over 15.5 metres; 3.29 g/t gold over 47 metres; and 4.08 g/t gold over 81 metres, including 9.29 g/t gold over 21 metres.
This drilling has extended the gold zone further to the north where it remains open, it said.
EAS has validated the 1.2 kilometre east-west width of the shallow, laterally extensive Main Miwah Gold Zone, and has encountered gold mineralization in all of its holes. The Main Miwah Gold Zone remains open in all directions with the Moon River area expanding the north-south potential from 400 metres to more than 600 metres, whilst remaining open further to the north.
EMD018 is in progress at 244 metres with a due north azimuth and 30 degree dip to test the area north of EMD001/002/003.
EMD019 was drilled with a due south azimuth and 50 degree dip to test the area north of EMD001/002/003/018. Gold grading 4.08 g/t was encountered from 82 to 163 metres downhole depth, including 9.29 g/t gold from 90 to 111 metres.
"We consider the results from holes EMD017/018/019 to be very encouraging", stated Michael Hawkins, President and CEO of EAS. "Together with the earlier announcement of strong gold results from drill hole EMD014, these new results are significantly north of the previously outlined gold mineralization and confirm our interpretation that Miwah extends much further northwards than previously thought."
EMD020 has been completed at 200 metres depth. It was drilled with a 205 degree azimuth and 50 degree dip to test the area to the west of EMD019. The targeted strong vuggy silica alteration was encountered from 77.4 to 185.55 metres downhole, suggesting that the vuggy silica alteration may be thickening to the west. Assays are pending.
EMD021 is in progress with a 250 degree azimuth and 50 degree dip in visually altered and mineralized rock to test the vuggy silica alteration to the northwest of EMD020.
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)