EAS up 15% on drill news
East Asia Minerals Drills 4.81 g/t Gold Over 30 Metres Within 100 Metres Grading 2.11 g/t Gold From 400 Metre Step-Out at Main Miwah Gold Zone
VANCOUVER, BRITISH COLUMBIA, Sep 10, 2009 (MARKETWIRE via COMTEX News Network) --
East Asia Minerals Corporation (TSX VENTURE: EAS) reports that assays have been received for the fifth diamond drill hole at the Main Miwah Gold Zone in Aceh Province, Northern Sumatra, Indonesia. The drill core intersection is located 400 metres east of the exceptional gold assays encountered in holes EMD001 to 003, and provides compelling support for the interpretation of shallow out-flowed, laterally extensive gold mineralization along the 1.2 kilometre long Main Miwah Gold Zone. New drill hole EMD008 encountered 2.11 g/t gold over 100 metres, including 4.81 g/t gold over 30 metres.
EMD008 is the Company's first drill hole in the eastern part of the laterally extensive gold system. EMD008 was collared 400 metres east of the EMD001 drill pad with an east-southeast azimuth (115 degrees) and 55 degree dip, and was drilled to 211 metres. Gold mineralization was encountered from 85.0 to 185.0 metres downhole depth, including 4.81 g/t gold from 85.0 to 115.0 metres (silver grades 6.31 g/t over this interval, providing a 4.92 g/t gold equivalent(i)). This hole was designed to test an area where rock sawn channel sampling returned consistently strong gold mineralization averaging 4.11 g/t gold across a 200 metre long, semi-continuous channel (news release January 21, 2009). Sections of this 200 metre zone include 20 metres of 14.00 g/t gold, 10 metres of 3.70 g/t gold, 32 metres of 2.41 g/t gold and 20 metres of 1.45 g/t gold. The mineralization in EMD008 is open in all directions and at depth, and is interpreted to be contiguous to the strong surface gold mineralization.
EMD008 was also collared 90 metres higher in elevation than the EMD001 to 003 drill pad, and supports the Company's interpretation of a laterally extensive, sub-horizontal layer, grading 3 to 4 g/t gold in the higher levels of the mineralized system. The high-grade 4.81 g/t gold portion commences at 85 metres and correlates laterally to the higher grades commencing near-surface at the lower elevation EMD001 to 003 drill area (EMD002 encountered 1.71 g/t gold over 158.0 metres, including 3.29 g/t gold over 66.0 metres starting at 9 metres depth; and EMD003 encountered 2.25 g/t gold over 142.9 metres, including 4.31 g/t gold over 51.0 metres starting at 11 metres depth). Interpreted from EMD004 (1.37 g/t gold over 64.4 metres), the Company's rock sawn surface channel sampling, and historic drilling, the lower part of the Main Miwah gold system contains 1 to 1.5 g/t gold within a broad sheet-like and flat-lying mineralized system. EMD004 was collared from a pad located to the southwest of holes EMD001-003, more than 90 metres in distance and 60 metres lower in elevation.
EMD009 was drilled from the same pad as EMD008 with a west-southwest azimuth (245 degrees) and 55 degree dip, and completed at 206 metres downhole depth. This hole was designed to test the extension of favourable mineralization and alteration to the west of EMD008, where surface rock sampling gave 14 metres of 2.55 g/t gold. Assays are pending.
EMD010 is in progress, drilled from the same pad as EMD008/009 with a south-southeast azimuth (150 degrees) and 65 degree dip. This hole is designed to confirm the sub-horizontal gold mineralized layer between EMD008 and 009.
AI
