East Asia Drills 3.28 g/t gold over 61m in Aceh
Tuesday, March 2 2010 - 06:43 PM WIB
Assays have been received for the remaining portion of the upper mineralized interval in EMD018, and for all of EMD020. The upper mineralized interval in EMD018 encountered 2.18 g/t gold over 116 metres, including 3.28 g/t gold over 61 metres; followed by a secondary zone of intermittent massive/vuggy silica and alunite alteration (assays pending), the Company reported.
EMD020 encountered 2.12 g/t gold over 108.2 metres, including 3.34 g/t gold over 46.7 metres. This drilling has extended the gold zone further to the north where it remains open. East Asia has validated the 1.2 kilometre east-west width of the shallow, laterally extensive Main Miwah Gold Zone, and has encountered gold mineralization in all of its holes. The Main Miwah Gold Zone remains open in all directions with the Moon River area expanding the north-south potential from 400 metres to more than 600 metres, whilst remaining open further to the north towards Sipopok.
Michael Hawkins, President and CEO stated "The intersection of strong and consistent gold mineralization in EMD018 and 020 again demonstrates the veracity of the exploration model we have developed for the Miwah Main Zone. The discovery of an underlying massive/vuggy silica and alunite alteration layer in EMD018 opens an added dimension and solidifies the growing importance of this play. Drilling of the Miwah system continues to reveal that it has the potential to be one of the more important gold discoveries in this exploration cycle and at a time when finding large gold deposits is rare."
EMD021 was drilled with a 250 degree azimuth and 50 degree dip to test the vuggy silica alteration northwest of EMD020, and finished at 200 metres downhole depth. The hole encountered visually altered and mineralized rock from 52 to 127 metres, followed by intermittent but predominantly vuggy/massive silica and silica/alunite alteration to the end of hole. Assays are pending.
EMD022 is progressing with a 190 degree azimuth and 70 degree dip to test the area immediately south of EMD001/002/003/018. The hole entered visually altered and mineralized rock at 5.7 metres depth. Surface rock sampling in this area gave 9.22 g/t gold over 14 metres, 6.62 g/t gold over 6 metres, and 2.5 g/t gold over 24 metres.
EMD023 has commenced with a due north azimuth and 50 degree dip to test the extension north from the high-grade gold mineralization encountered by EMD018 and EMD019, as well as testing the recently discovered underlying massive/vuggy silica layer in EMD018.
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)
