East Asia Minerals to drill Sedi zone and reports 122 g/t gold from Kupa prospect at Sangihe
Thursday, May 1 2008 - 11:55 PM WIB
In addition, grab sampling southeast of the Sedi Prospect has encountered 122.0, 82.4 and 73.8 gpt gold at the Kupa Prospect.
Mapping, backhoe excavation and induced polarization are in progress at the Sedi Prospect in preparation for upcoming drill testing, the company said.
The Sedi Prospect is located 7 kilometres south of the company?s Binebase-Bawone Prospect .
"In addition to the near-surface high-sulphidation gold being drilled at Binebase-Bawone, we are advancing other exciting gold prospects on the Sangihe Property displaying that the potential of this property continues to grow" stated Michael Hawkins, President and CEO of East Asia Minerals. "While we drill test the high grade Sedi Prospect in the coming weeks, we are planning for continued drilling of the Binebase-Bawone Prospect with the goal of completing a N43-101 compliant resource estimate by year end. This work is progressing well."
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 drilled to define NI43-101 compliant resources. (alex)
