East Asia Minerals drills 41m of 1.61 g/t gold in new sulphide zone at Binebase

Vancouver-based mining firm East Asia Minerals Corporation reported Wednesday that that drilling is continuing to encounter near surface oxide gold mineralization at its Binebase Project located on Sangihe Island, North Sulawesi.

Additionally, follow up drilling of the recently discovered sulphide zone on the central southern flank of the Binebase Gold Zone has encountered several thick intervals of primary semi-massive sulphide mineralization, including 41.00 metres of 1.61 g/t gold, below oxide gold mineralization, the company said.

Drilling to date has outlined a +140 metre long, elongated, north-south trending teardrop shaped structure of semi-massive sulphide (pyrite, enargite and covellite), quartz and barite. This primary gold mineralization thickens to the south and terminates against a porphyry intrusive intersected in BID-35. A similar pattern of almost identical gold mineralization is observed at Bawone, where gold-bearing sulphides accumulate around the edge of shallow intrusive bodies. Based on this finding, there is renewed scope for the discovery of possible repeats of this style of gold mineralization in the plus one kilometre long covered area between Binebase and Bawone. Additional geophysical surveys are planned to map the subsurface geology in this area prior to drill testing.

The arrival of a second diamond drill rig on site and another on the way will accelerate the resource drill out at Binebase and Bawone and will allow several other priority exploration targets in the Sangihe Tenement to be tested in the coming months.

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 drilled to define NI43-101 compliant resources.(alex)