East Asia Minerals reports high grade gold from Aceh gold prospect
Tuesday, October 30 2007 - 03:04 PM WIB
These results indicate several potentially significant, near surface gold mineralized zones. Better results from the program include 17 metres at 5.8 g/t gold, 17 metres at 3.13 g/t gold, 79 metres at 1.44 g/t gold, and 4 metres at 3.97 g/t gold.
According to the company, sampling to date has been largely confined to the northwestern part of a 3 km x 1.5 km northwest trending corridor at the Barisan 1 Property, within which numerous coherent anomalies have been defined by previous explorers. The Abong prospect was drilled by two major mining companies in the mid 1990's, at which time a total of 28 drill holes ranging from 20 to 120 metres deep were completed. A speculative non-43-101 compliant resource of between 40 and 60 million tonnes grading 1.0 to 1.5 g/t gold, for a total of approximately 1.5 million ounces of gold, was estimated by these companies on the basis of their drilling, surface sampling, mapping and geophysical modeling.
The company?s President and CEO Michael Hawkins said hat further work is necessary to define the full potential of the property and intend to commence drill testing of this exciting project in November.
Elsewhere in Aceh Province, East Asia Minerals reports that it continues to make good progress on its extensive portfolio of copper-gold projects. At its Tangse porphyry copper project, grab outcrop and channel samples of fine grained diorite from the supergene zone at East Tangse, where previous explorers had indicated potential for a supergene enriched zone of 30Mt grading between 0.6 to 0.8% copper returned 1.8% to 3.25% copper in 8 grab samples, and channel samples of 3 metres at 0.92% copper and 2 metres at 0.83% copper. This sampling verifies the tenor of the supergene copper grades and extends the zone of supergene enrichment another 150 metres north of its previously defined limits.
At the Miwah high sulphidation epithermal project exploration activities have verified the surface results reported from previous explorers, with samples returning up to 15.3 g/t gold. Observed alteration styles include vughy silica - alunite +/- clay with a peripheral silica - sericite envelope with reported mineralization consisting of predominantly pyrite with enargite +/- chalcocite +/- covellite.(alex)