East Asia Minerals reports Sangihe gold prospect drilling results

Canadian mineral exploration firm East Asia Minerals Corporation reported on Tuesday that its initial drilling on the Binebase Prospect at the Sangihe Property, North Sulawesi, encountered significant, near surface epithermal gold and silver mineralization in all holes completed to date.

According to the company, drill hole BID-13 intersected 35.95 metres of 4.03 g/t gold and 188.28 g/t silver from 8.0 metres depth, including 22.0 metres of 5.74 g/t gold. Drill hole BID-12 intersected 42.35 metres of 1.34 g/t gold and 107.54 g/t silver from 4.0 metres depth, and BID-11 returned 45.0 metres of 1.28 g/t gold and 50.51 g/t silver from surface.

The Binebase Prospect is located approximately one kilometre along strike from, and probably contiguous with the Bawone Prospect, where initial drilling conducted by East Asia Minerals has returned up to 95.0 metres of 2.15 g/t gold and 31.6 metres of 3.75 g/t gold.

Drilling is planned to continue throughout 2008 at the Binebase and Bawone Prospects, where the near surface gold and silver mineralization remains open along strike in both directions, the company said. (alex)