EAS more drills out
East Asia Announces Resource Definition Drill Program at Miwah Gold Project
VANCOUVER, BRITISH COLUMBIA, Sep 11, 2009 (MARKETWIRE via COMTEX News Network) --
East Asia Minerals Corporation (TSX VENTURE: EAS) announces that the initial ten-hole diamond drill program at its Main Miwah Gold Zone Project in Aceh Province, Northern Sumatra will be expanded to acquire drill information to complete a NI43-101 compliant resource estimate. This decision is based on consistent strong gold results across the mineralized body.
To date five holes of the initial ten-hole program have been completed over 500 metres strike length. This program was designed to provide a 3D validation along the 1,200 metre east-west extent of the Main Miwah gold-bearing silica zone, and to provide the framework for follow-up drilling. The program has been consistently successful, achieving the following results:
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Gold
Gold Silver Equiv.
Drill Hole From (m) To (m) Interval (m) (g/t) (g/t) (g/t)(i)
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EMD001 10.9 68.0 57.1 1.97 11.90 2.17
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Including 12.0 50.3 38.3 2.78 16.59 3.06
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EMD002 8.3 166.3 158.0 1.71 8.67 1.86
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Including 9.0 75.0 66.0 3.29 16.08 3.56
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EMD003 9.1 152.0 142.9 2.25 18.54 2.56
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Including 11.0 62.0 51.0 4.31 28.97 4.79
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EMD004 4.6 69.0 64.4 1.37 9.05 1.52
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EMD008 85.0 185.0 100.0 2.11 pending n/a
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Including 85.0 115.0 30.0 4.81 6.31 4.92
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(i) The gold equivalent uses a silver to gold ratio of 60:1 based on current
precious metal market prices, and assuming total recoveries of both metals.
In addition, EMD009 was completed at 206 metres downhole depth to test favourable mineralization west of EMD008. Assays are pending. EMD010 is in progress, being drilled to confirm the sub-horizontal gold mineralized layer between EMD008 and 009.
Michael Hawkins, President and CEO of East Asia Minerals Corporation stated "Although not completed, the initial ten-hole program at the Main Miwah Gold Zone has delivered what we expected, and more. Upon completion of this phase, diamond drilling will continue uninterrupted for approximately 45 holes to gather the information we require to complete a NI43-101 resource estimate. At the newly discovered South Miwah Bluff Gold Zone, adjacently to the south, initial scout drilling has confirmed the geological model of a gold mineralized diatreme breccia feeder that has been mapped over an area of 650 by 300 metres. Detailed mapping and sampling is ongoing, and a dedicated drill program is planned to commence there in Q4 of this year. The company is well funded to undertake much of the planned drilling well into 2010."
AI
