East Asia Minerals reports assay results for Miwah gold project

Vancouver-based exploration firm East Asia Minerals Corporation reported Wednesday that assays have been received for the first two diamond drill holes at its flagship Miwah Gold Project in Aceh Province, Northern Sumatra.

These results support the interpretation of shallow out-flowed, laterally extensive gold mineralization controlled by multiple northerly trending higher-grade feeder structures that cut steeply through the 1.2 kilometre long (east-west) Miwah Gold Zone. Drill hole EMD001 encountered 1.97 g/t gold over 57.1 metres, including 2.78 g/t gold over 38.3 metres. EMD002 encountered 1.71 g/t gold over 158.0 metres, including 3.29 g/t gold over 66.0 metres.

"We are greatly encouraged by the width and tenor of the Miwah gold mineralization", stated Michael Hawkins, President and CEO of EAS. "The mineralization we intercepted supports the Company's earlier confidence that high-grade structural feeder controls on the Main Miwah Gold Zone will result in higher overall grades than the 1.2 g/t gold average from surface channel sampling. We have achieved 3D drill core validation of the potential for a large lateral gold deposit along the 1.2 kilometre Miwah Gold Zone. In addition, the South Miwah Bluff Gold Zone appears to represent exposure of the underlying higher-grade gold-bearing structures and displays the upside potential for continued exploration of the prospective Miwah land tenement. It is our intention to test these zones over the coming months, and with success, to progress towards drill definition of NI43-101 compliant resources".

Drilling is progressing well. The initial 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 2 scout holes to the south. This program will provide a further indication of the gold resource potential and the framework for follow-up drilling.

The Miwah Gold Prospect was partially defined by approximately 3,000 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 of 1.4 g/t gold and 58 metres of 1.1 g/t gold. The previous explorer suggested potential for 100 Mt at 1.1 to 1.2 g/t gold.

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)