East Asia intercepts gold, copper at Aceh concession
Tuesday, August 10 2010 - 06:13 PM WIB
LTD001 encountered 0.39 g/t gold, 0.18% copper over 415.1 metres, including 0.49 g/t gold, 0.22% copper over 279.4 metres where the hole was stopped due to poor drilling conditions. Additional drilling of Lower Tengkereng is in progress.
The Upper and Lower Tengkereng targets occur as two large outcrop areas of similar porphyry gold-copper mineralization. The Company believes Upper and Lower Tengkereng are possibly contiguous, and part of one large system linked at depth, with the intervening area covered by shallow inter-bedded sedimentary and volcanic rocks.
East Asia Minerals' Barisan tenements encompass a cluster of six known porphyry centres within a 6.2 kilometre by 3 kilometre block. Geological features observed in drill core from Lower and Upper Tengkereng confirm that this system shares many features of the world's best gold-rich porphyry copper deposits in the circum-Pacific rim, it claimed.
East Asia Minerals is an Asian-based 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)
