East Asia Minerals continues to intersect mineralization at Aceh gold prospect
Tuesday, February 19 2008 - 11:33 PM WIB
According to the company, drill hole ABD-05 intersected 2.32 g/t gold over 8.0 metres from 1.0 metres depth, ABD-06 intersected 1.42 g/t gold over 10.0 metres, and ABD-07 intersected 2.24 g/t gold over 12.0 metres from surface.
East Asia Minerals' drilling of ABD-01 to 06 has provided consistent results along a shallow dipping, near-surface section greater than 500 metres in length, the company said.
The company collared drill hole ABD-07 approximately 550 metres to the northwest of section ABD-01 to 06, to commence testing in the area of the Bintang Breccia Prospect. Recent mapping has demonstrated that the aerially extensive gold mineralized Abong Jasperoid continues northwest to and past the Bintang Breccia Prospect, and to the southeast past the Fikri Breccia Prospect. This significantly increases the extent of the previously interpreted mineralized jasperoid horizon.
The Abong program is drilling holes at 150 to 200 metre centres to more completely delineate the historically outlined stratabound epithermal gold mineralization that apparently occurs over an area of at least 1,500 metres by 550 metres. A speculative non-NI43-101 compliant resource of 40 to 60 million tonnes grading 1.0 to 1.5 g/t gold, for a total of approximately 1.5 million ounces of gold, was estimated by two major mining companies which drilled 28 holes, 20 to 120 metres deep, on the Abong Jasperoid Prospect in the mid 1990's (October 30, 2007 news release). East Asia Minerals is encouraged that the jasperoid intercepts of stratabound mineralization it is encountering are substantially higher grade than the historic reported average.
.
At the Bintang Breccia Prospect, trench sampling by East Asia Minerals over a 350 x 250 metre area encountered several significant intervals of gold mineralization including 8.0 metres at 12.11 g/t gold. This sampling is immediately southeast of an area approximately 400 x 100 metres grading greater than 5 g/t gold, outlined by previous senior explorers within a 750 x 450 metre mineralized area of exposed breccia in sediments.
East Asia Minerals has a 70 to 85% interest in five advanced gold and gold-copper properties located in Aceh Province in Sumatra and North Sulawesi. (alex)
