Miwah gold secures IUP

East Asia Minerals Corporation reports that further to its comments on the new Indonesian Mineral and Coal Mining Law and implications for the Company, it has received formal documentation and licence confirming the completed conversion of the Aceh Province Miwah tenements to Ijin Usaha Pertambangan (IUP/ "Mining Licence").

The Miwah tenements comprise the Company's flagship Miwah Gold Zones which are progressing towards completion of NI43-101 resource estimates in 2010. 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, and has encountered wide intercepts of gold mineralization in all holes drilled. The Main Miwah Gold Zone remains open in all directions.

"This is a very significant step for Miwah", commented Michael Hawkins, President and CEO of East Asia Minerals Corporation in a statement to Toronto Stock Exchange yesterday. 

"The IUP's give us 3 years within which to complete exploration and deliver a positive feasibility study, potentially extended to 5 years. Thereafter under Indonesian Law, there is automatic conversion of the licences to development licences for an initial 20 year term, renewable for a further 20 years. We see delivery of the IUP's as giving us excellent security of long term tenure with fiscal stability, and is further validation of our assessment that the New Mining Law of Indonesia is globally attractive."

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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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East Asia Minerals encounters gold at Miwah

Toronto-listed East Asia Minerals Corporation reported that assays have been received for an additional diamond drill hole at its flagship Miwah gold project in Aceh province.

"The results continue to support the interpretation of shallow out-flowed, laterally extensive gold mineralization controlled by higher-grade feeder structures that cut through the 1.2 Km long Miwah Gold Zone. Drill hole EMD003 encountered 2.25 g/t gold over 142.9 meters, including 4.31 g/t gold over 51 meters.

EMD003 was drilled approximately 200 metres east of the currently mapped western end of the Main Miwah Gold Zone, and positioned from the same drill pad as EMD001/002 with a northwest azimuth (305 degrees) and 47 degree dip. Gold mineralization was encountered from 9.1 to 152.0 metres downhole depth, with 4.31 g/t gold from 11.0 to 62.0 metres. 

The mineralization is open and interpreted to be contiguous to surface where rock sawn samples including 4.25 g/t gold over 27 metres were encountered; and is open to depth based on historic drill results from holes collared to the south and 60 metres lower in elevation. In addition the mineralization remains open in all directions. To the south EAS' hole EMD002 encountered 1.71 g/t gold over 158.0 metres, including 3.29 g/t gold over 66.0 metres, and to the southeast EMD001 encountered 1.97 g/t gold over 57.1 metres, including 2.78 g/t gold over 38.3 metres.

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. Hence, in addition to greater mineralized tonnage, significantly higher overall grades are anticipated from better geological understanding, results of the Company's detailed sampling, and properly oriented drill holes.

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EAM updates Miwah Gold

East Asia Minerals Corporation told Toronto Stock Exchange (TSX) on Wednesday that assays have been received from the first two diamond drill holes at its flagship Miwah Gold project in Aceh province. 

East Asia encounters 3.29 g/t gold over 66 meters in wider internal of 1.71 g/t gold over 158 meters from initial diamond drill testing of Miwah. "These results support the interpretation of shallow out-flowed, laterally extensive gold mineralization controlled by multiple northerly trending higher-grade feeder structures that cut steeply through the 1.2 kilometre long (east-west) Miwah Gold Zone," EAM said. 

Drill hole EMD001 encountered 1.97 g/t gold over 57.1 metres, including 2.78 g/t gold over 38.3 metres. EMD002 encountered 1.71 g/t gold over 158.0 metres, including 3.29 g/t gold over 66.0 metres.

EMD001 and 002 were drilled in opposite directions from a common drill pad located approximately 200 metres east of the currently mapped western end of the Main Miwah Gold Zone.

The 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).

East Asia Minerals (EAS-TSXV) 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. 

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