EAS updates Indonesia, Mongolia projects

East Asia Minerals Corporation reported Thursday that the new management team appointed on July 26, 2011 has begun a complete review of the company's assets in Indonesia and Mongolia with the aim of providing an update to investors within the next few weeks that will detail the strategy for the company going forward.

At the Miwah gold project in Aceh, it has now completed 10 holes since the release of the initial resource estimate on May 9, 2011. The objective of the ongoing drilling program at Miwah is to extend the resource north towards and into Moon River. It has appointed G & T Metallurgical Group Services Ltd. of Kamloops, British Columbia, to undertake metallurgical testing at Miwah, which should be completed by year end.

Work to develop drill targets in the Sipopok area is ongoing in the area north of Moon River, and west and north of Sipopok. Favourably altered surface samples have been sampled from a reconnaissance program, and a controlled soil, mapping and sampling program is near completion, the company said.

At the Sangihe gold project in North Sulawesi, the company continued to make progress with authorities in Indonesia to complete the transfer of assets from East Asia Minerals to Sangihe Gold Corporation. In the mean time, drilling continues at Sangihe with 13 holes completed since drilling began in March 2011. East Asia Minerals also recently approved an increase in spending at the Sangihe gold project with the addition of two more drill rigs on site.

In Mongolia, East Asia Minerals continues to make progress with the authorities to complete the transfer of assets from East Asia Minerals to East Asia Energy Corporation.

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 three advanced gold and gold-copper properties located in Aceh Province, Sumatra, and Sangihe Island, North Sulawesi. The Company owns seven uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and two phosphate properties in Mongolia. (alex)