Saturday, November 14, 2009

East Asia Minerals expands gold mineralization in Aceh

Toronto-listed East Asia Minerals Corporation reports that diamond drilling continues to significantly expand the Miwah gold mineralization in Aceh province, Indonesia. 
EAS informed shareholders on Friday that results have been received for drill hole EMD012A collared 165 metres east-northeast of previous EAS drilling where 2.11 g/t gold over 100 metres, including 4.81 g/t gold over 30 metres was intersected in EMD008. EMD012A encountered 1.28 g/t gold over 183.5 metres, including 2.11 g/t gold over 77.7 metres. To date East Asia has drilled more than 900 metres strike length along the shallow, laterally extensive 1.2 kilometre long Main Miwah Gold Zone. East Asia has encountered wide intercepts of gold mineralized rock in all of the holes it has drilled to date on the Main Miwah Gold Zone. The Main Miwah Gold Zone remains open in all directions.
The Miwah Gold Prospect was partially defined by approximately 3,000 metres of drilling in eleven holes by a previous explorer in 1997. All holes drilled during this program intersected significant alteration and mineralization with intercepts including 71 metres of 1.4 g/t gold and 58 metres of 1.1 g/t gold. The previous explorer suggested potential for 100 Mt at 1.1 to 1.2 g/t gold, however a review of the historical data indicates that early drilling was parallel to higher grade (greater than 5 g/t gold) structures at surface.
East Asia Minerals (EAS) claimed Miwah Property is in a very similar volcanic setting to the Martabe gold-silver deposit, also located in North Sumatra (Purnama and Baskara resources: 127.8 million tonnes at 1.4 g/t gold (5.5 million ounces gold) and 15 g/t silver (60 million ounces silver), and the alteration system is of a comparable size. Miwah also exhibits a likeness to the size, style and geometry of the alteration system developed at the Pierina gold deposit in Peru (67.7 Mt grading 2.98 g/t gold and 22 g/t silver, giving a total 6.49 million ounces gold and 47.9 million ounces silver).

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