East Asia Minerals encounters 27m of 4.35 g/t gold in Miwah trench
Monday, July 28 2008 - 05:52 PM WIB
These results, the company said, including 27 metres of 4.35 g/t gold are from the diatreme breccia target in the western part of the property.
Additional encouraging assay results have been received from channel sampling in trenches at the Miwah gold-copper Project. Wide intercepts of gold mineralization to over 100 metres are hosted in advanced argillic altered felsic tuff and hydrothermal breccias in an expanded area, now measuring 250 metres by 250 metres, it said
The Miwah Property is located within the same volcanic arc as the Martabe high sulphidation gold deposit in North Sumatra. It was partially defined by approximately 3000 metres of drilling in eleven holes by a previous explorer in 1997. All holes drilled during this program intersected significant alteration and mineralization with intercepts including 71 metres at 1.4 g/t gold and 58 metres at 1.1 g/t gold. The previous explorer suggested potential for 100 Mt at 1.1 to 1.2 g/t gold, however a review of the historical data indicates that early drilling was clearly parallel to higher grade (greater than 5 g/t gold) structures at surface, and hence significantly higher overall grades are anticipated from better oriented drill holes.
Integration of recent encouraging trench results and historical work, combined with ongoing detailed surface mapping and sampling will form the basis for selecting optimum drill targets which are anticipated to be drill tested later in the year, the company said.
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. (alex)