East Asia continues to expand N. Sulawesi gold project mineralization

Canadian mineral exploration firm East Asia Minerals Corporation reported on Monday that the latest hole of its phase one drill program on the Binebase Prospect at the Sangihe Property, North Sulawesi, encountered significant epithermal gold and silver mineralization from surface.

Drill hole BID-15 cut 45.0 metres of 1.52 g/t gold and 80.03 g/t silver from zero metres depth, with the intercept under-reporting the true composite grade of the interval due to 3.90 metres of lost core being assigned zero value, the company reported.

This shallow gold zone remains open along strike in both directions. Drilling is continuing to test the mineralization towards the Bawone Prospect, which is probably contiguous with the Binebase Prospect and located 1.2 kilometres along strike to the southeast. All holes drilled at Binebase to date have encountered significant near surface intercepts of epithermal gold and silver mineralization, it said.

East Asia Minerals is an Asian-based, Canadian mineral exploration company with uranium, gold and copper exploration properties in Mongolia and Indonesia. In Indonesia, it has a 70 to 85% interest in five advanced gold and gold-copper properties located in Aceh Province in Sumatra and North Sulawesi.(alex)