EAS says Sangihe gold project has potential to host 2m oz of gold

Canadian mineral exploration firm East Asia Minerals Corporation (EAS) announced on Tuesday assay results from the first three holes of its ongoing drill program at the epithermal Bawone Prospect, Sangihe Island, North Sulawesi.

These results indicate the presence of a potentially significant, near surface gold mineralized zone grading approximately 2 g/t gold and up to 80 metres wide, the company said.

"We are greatly encouraged by the width and tenor of the Bawone mineralization," stated Michael Hawkins, President and CEO of EAS. "The gold mineralization we intercepted was extremely consistent over great widths, and we are very pleased to report such significant intercepts so early in our program. Previous explorers had indicated potential for the Bawone and nearby Binebase projects to host up to 2 million ounces of gold, and it is our intention to test these zones over the coming months, and with success, to progress towards drill definition of 43-101 compliant resources."(alex)