EAS updates Miwah bluff gold discovery
Tuesday, July 7 2009 - 08:40 PM WIB
The Company also announces that drilling is underway to test the full strike length of the main Miwah Gold Zone, having commenced at the western extreme.
Results have been received for 154 rock sawn channel samples from South Miwah Bluff, and include 83.59 g/t gold over 24 metres, 20.14 g/t gold over 12 metres, and 9.21 g/t gold over 7 metres. Detailed follow-up is ongoing to the north and south along strike of the high-grade exposure where several gold-rich channels including 125.9 g/t gold over 23 metres and 19.15 g/t gold over 8 metres were recently discovered by EAS (news release June 3, 2009). These efforts are designed to establish the connection between the main Miwah Gold Zone and this new discovery, and to determine the mineralization boundaries. Additional coherent and detached altered / mineralized bodies have been outlined between the main Miwah Gold Zone and the new high-grade gold discovery.
The discovery of South Miwah Bluff has opened up the southwest portion of Miwah Gold Zone and expanded the potential of this large gold system. In addition to drilling of the main Miwah Gold Zone, ongoing exploration will define drill targets within the new discovery for testing during the current program.
Drilling has commenced with the second hole (EMD 002) progressing well. The initial program will comprise 10 holes for a total of 2,000 metres to provide a 3D validation along the currently defined 1,200 metre strike of the Miwah gold-bearing silica zone, exposed along the Miwah ridge and open to the west. This program will provide a further indication of the gold resource potential and the framework for follow-up drilling. Initial drill results from the program are expected late-July/August.
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)
