East Asia Minerals restarts Miwah project exploration
Tuesday, January 29 2013 - 12:27 AM WIB
East Asia Minerals Corporation recently stated it is restarting exploration at its Miwah gold project located in Aceh Province, having received extensions of its licences (IUPs) until November 30, 2014.
Project geologists will begin with the onsite compilation of detailed geological and geotechnical field maps of the three Miwah IUPs and the Tangse IUP. The new targets generated by the interpretation of this mapping shall be added to the 12,000 metres of drilling planned in the 2013 drilling program at the Miwah Project.
"We are very pleased to resume exploration at Miwah, while we have previously identified a significant resource here, there were still several areas that required follow-up. This new exploration will help us understand the extent of the mineralization and the potential of further drilling to add to the resource base," said Ed Rochette, CEO of East Asia Minerals.
In May 2011, the Company completed an NI 43-101 technical report on the Miwah property, which identified an Inferred Resource of 3.14 million ounces of gold and 8.95 million ounces of silver in near and at surface mineralization. The resource estimate was made using a 0.20 grams per tonne gold cut-off and an estimated 103.9 million ton resource averaging 0.94 grams per ton of gold and 2.68 grams per ton of silver.
Editing Er Audy Zandri