East Asia Minerals strikes more gold at N. Sulawesi prospect

Vancouver-based mineral exploration firm East Asia Minerals Corporation reported Monday that drilling on the Binebase Prospect at the Sangihe island, North Sulawesi continued to encounter significant epithermal gold mineralization from surface.

Drill hole BID-16 cut 29.9 metres of 2.72 g/t gold and 6.74 g/t silver from zero metres depth, including 15.0 metres at 4.70 g/t gold, the company said.

The high gold grades encountered in BID-16 support the Company's interpretation that the Binebase and Bawone near-surface epithermal gold prospects may connect along the shared structural control, it said.

Drilling will continue to test these prospects, which remain open along strike in both directions, and the potential for contiguous mineralization along the intervening 1.2 kilometres of strike. All holes drilled at Binebase and Bawone to date have encountered significant near surface intercepts of epithermal gold mineralization.

East Asia Minerals is an Asian-based, Canadian mineral exploration company with uranium, gold and copper exploration properties in Mongolia and Indonesia. In Indonesia, it has a 70 to 85% interest in five advanced gold and gold-copper properties located in Aceh Province in Sumatra and North Sulawesi.(alex)