East Asia Minerals completes phase 1 drilling at Sangihe

By Ruli Setiawan

East Asia Minerals Corporation today announced results from its Phase One drilling program at its Sangihe Project.

The exploration program, which is still underway, is comprised of a total of 4,600 metres of drilling, divided between the Binebase mineralization zone extension and consists of 12 holes totalling 1800 metres and the Bawone mineralization zone extension to consist of 12 holes totalling 1800 metres and 10 scout holes at the Kupa and Taware areas that will total 1000 metres.

As of February 17 2013, about 2,900 metres has been drilled. Assay testing is underway with results received for two holes.

Assay results for hole BID128 at Binebase show an average grade of 1.4 grams per ton of gold from the surface to a depth of 15.6 metres. Within this sample, 2.5 grams per ton of gold was identified from one metre to 4.7 metres depth and 3.3 grams per ton from one metre to 1.75 metres. At hole BID126, northeast of BID128, another strong intercept was discovered showing 3.92 grams per ton of gold from 1.6 metres to 9.35 metres.

Drilling is expected to be completed at Sangihe by the end of March 2013 with assay results announced during the first half of 2013.

"We are very pleased with these results which are in-line with the resources and grades identified in the NI 43-101 technical report," said Frank Rocca, the Vice President of Exploration at East Asia Minerals.

"These results may also enable us to extend the resource, as earlier drilling identified another mineralization intercept to the southwest of hole BID128," he added.

Editing by Er Audy Zandri