EAS updates progress at Aceh; expands South Miwah bluff
Tuesday, January 19 2010 - 04:55 PM WIB
The Company also announced that excellent progress has been made in designing the resource estimate drill program for the South Miwah Bluff Gold discovery. This program is expected to commence Q2 2010. Detailed follow-up mapping, rock and soil sampling have determined that the South Miwah Bluff Gold Zone is open and may significantly extend from the earlier mapping.
The exploration grid is being extended east from the previously defined 650 metres north-south by up to 300 metres east-west footprint. Highlights from the detailed follow-up include strong anomalous gold in soils (1 ppm gold) in an area open to the east, and coincident with high relief topography and a surface induced polarization zone with strong resistivity and chargeability results that extend further east.
Elsewhere in the Company's Indonesian gold portfolio, work has advanced at the Lower Tengkereng and Bahu porphyry gold-copper projects, also in Aceh, where geological, geochemical and ground preparations for drilling Q2 2010 are on schedule. East Asia plans to drill one to two holes in each of these projects to demonstrate the potential of these large porphyry gold systems.
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)