East Asia Minerals finds more gold at Miwah gold project
Monday, December 6 2010 - 03:48 AM WIB
The latest results from a batch of one-metre long rock sawn channel samples have encountered up to 1.64 g/t gold. Upon completion of a hole currently being drilled with the 200-metre capacity diamond drill machine, the rig will be moved to Sipopok. This machine will continue with exploration drilling, whilst a fourth and larger machine is being mobilized to the property to assist in the Miwah resource estimate drilling, the company said.
On January 21, 2009, East Asia announced that it had discovered another mineralized zone at Sipopok, located approximately 1.5 kilometres north of the Miwah Main Zone. Initial rock chip channel sampling returned anomalous gold values including 12 metres of 0.78 g/t gold, 11 metres of 0.45 g/t gold and 35 metres of 0.33 g/t gold. Recent follow-up has encountered several contiguous one-metre long gold-bearing rock sawn channel samples including 1.18, 0.81, 0.38, 0.21, 0.43, 1.64, 0.87, 0.17, 0.14 and 0.11 g/t gold.
The sampling has only partially tested a small part of this potentially large mineralized system. The host is altered to quartz-alunite which is typical of the peripheral parts of the Miwah high sulphidation system. Drill targets have been generated to test for the presence of vuggy residual silica which typically carries the better gold grades at Miwah. Drilling at Sipopok is expected to commence by mid-December.
East Asia has diamond drill validated the 1.2 kilometre east-west outcropping width of the shallow, laterally extensive Miwah Main Zone, and has encountered significant gold mineralization in more than 95% of all holes analyzed to date.
The Miwah Main Zone remains open in all directions with the Moon River area expanding the north-south potential to more than 600 metres, whilst remaining open further to the north towards Sipopok.
Moon River is part of a package of altered and mineralized rock that has distinctive chargeability, resistivity and magnetic signatures that extend all the way from the Miwah Main Zone to Sipopok, approximately 1.5 kilometres to the north. Although in the early exploration stage, the Company is greatly encouraged by the way all the pieces are fitting together. (denny)
