East Asia Minerals encounters more gold mineralization at Miwah
Monday, August 10 2009 - 06:52 PM WIB
The results continue to support the interpretation of shallow out-flowed, laterally extensive gold mineralization controlled by higher-grade feeder structures that cut through the 1.2 kilometre long Miwah Gold Zone, the company said.
Drill hole EMD003 encountered 2.25 g/t gold over 142.9 metres, including 4.31 g/t gold over 51.0 metres.
Drill core samples for holes EMD004 and 005 are currently at the lab preparation facilities and assays are expected within the next two weeks.
"We continue to be greatly encouraged by the Miwah gold system", stated Michael Hawkins, President and CEO. "Mineralization in the third hole of our program provides northerly strike extension to similar gold drilled in our first two holes. Our interpretation of high-grade structural feeder controls on the Main Miwah Gold Zone is now well supported; as is the confidence that higher overall grades than the 1.2 g/t gold average from surface channel sampling will be achieved. In addition, the recently discovered South Miwah Bluff Gold Zone continues to grow, and appears to represent exposure of the underlying higher-grade gold-bearing structures. Here results for more than 200 metres of rock sawn channel samples average 14 g/t gold. South Miwah Bluff displays the upside potential for continued exploration of the highly prospective Miwah land tenement".
The initial drill program will comprise 10 holes for a total of 2,000 metres to provide a 3D validation along the currently defined 1,200 metre east-west extent of the main Miwah gold-bearing silica zone, and an additional 150 metres for 3 scout holes to the south. This program will provide a further indication of the gold resource potential and the framework for follow-up drilling.
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 advanced to define NI43-101 compliant resources.(alex)
