Eurasian Minerals Reports Oxide Drill Results of 4.0 Meters Averaging 52.87 g/t Gold and 530.43 g/t Silver for the Akarca Project, Northwest Turkey
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 27, 2014) -
Eurasian Minerals Inc. (the "Company" or "EMX") (TSX-VENTURE:EMX) (NYSEMKT:EMXX) is pleased to announce 2013 year-end exploration results from the Akarca gold-silver project. These results include an oxide drill intercept of 68.0 meters averaging 3.43 g/t gold and 34.71 g/t silver, with a high-grade sub-interval of 4.0 meters averaging 52.87 g/t gold and 530.43 g/t silver. In addition to drilling, trench sampling returned results that include 50 meters averaging 4.06 g/t gold and 3.25 g/t silver. This recently concluded exploration program was conducted by Çolakoglu Ticari Yatirim A.S. ("Çolakoglu"), a privately owned Turkish company that signed an option agreement in June 2013 to buy the property for a combination of cash payments, gold bullion, work commitments, and a royalty interest. Çolakoglu's drilling and trenching systematically delineated and expanded the mineralized zones at the Arap, Kucukhugla, Fula, and Hugla Tepe prospects.
2013 Drill Results. Çolakoglu recently reported exploration results that included 62 drill holes totaling approximately 6,200 meters. This drilling consisted of 26 core holes totaling approximately 2,500 meters and 36 reverse circulation holes totaling over 3,700 meters. Çolakoglu's 2013 program focused on expanding and drill defining the grade and tonnage characteristics of the near-surface, oxide gold-silver mineralized zones at the Arap, Kucukhugla, Fula and Hugla Tepe prospects. Drilling was conducted at a nominal 25 to 50 meter spacing along strike. Over 80% of the holes intersected significant mineralization (> 0.2 g/t Au over 7 meters), with drill intercept highlights given below.
