East Asia to refine Deren targets with drilling
2006-02-15 09:32 ET - News Release
Mr. Lyndon Bradish reports
EAST ASIA MINERALS REFINES DEREN DRILL TARGETS
East Asia Minerals Corp. has received final geochemical results from surface sampling at its Deren epithermal gold project, located approximately 270 kilometres south of Ulan Bator, Mongolia. Interpretation of these results confirms and reinforces geological drill targets first announced in Stockwatch on Jan. 9, 2006. Drilling and ground geophysics to further refine these targets and identify additional blind targets are scheduled to begin the first quarter 2006.
Observations and sampling indicate that the Deren project contains a large gold-bearing mineralizing system. Recent project mapping identified extensive veining and alteration, with abundant classic high-level epithermal textures such as sinter, bladed carbonate, colloform banding and cockade breccia noted over 6.5 kilometres of strike length. Analyses of chalcedonic veining returned gold values up to 0.55 gram per tonne (g/t) and silver up to 4.8 g/t. Previous sampling from the project assayed up to three g/t gold. Anomalous gold is coincident with high barium values.
Grid sampling of eolian deposits covering much of the project area produced a coherent and significant gold leakage anomaly approximately one kilometre by one kilometre in the southern portion of the known prospect. Quartz veins exposed within this anomaly exhibit textures indicative of slightly deeper erosional levels in the system compared with the northern portion where sinter has been observed.
The company has signed a contract with Major Drilling to complete a 2,500-metre combined RC percussion and diamond drilling program at Deren. In addition, Geomaster LLC will undertake a ground geophysical program consisting of 90 line kilometres of gradient array and more than five kilometres of dipole-dipole IP.
The 6,013-hectare Deren tenement lies within the Undershil belt, an underexplored portion of a large northeasterly trending, Jurassic to Cretaceous age epithermal belt that extends from central Mongolia into Siberia. This belt hosts the Balei deposit in Siberia, a giant 15-million-ounce (15 g/t Au) low sulphidation epithermal gold deposit. The Undershil belt has not been thoroughly explored for gold because most of the known epithermal systems are thought to be related to tin and tungsten systems which only rarely produce significant gold grades. East Asia geologists have discovered that several showings are related to younger, late Cretaceous (Balei) age gold systems.
"These systems are very well preserved and are often overlooked as the erosion level has not exposed the high-grade gold mineralization," commented Michael Hawkins, East Asia's vice-president of exploration. "The gold signature at Deren is exactly what we expected. Vein and gangue characteristics and pathfinder geochemistry indicate that bonanza grades could be discovered at relatively shallow depths. East Asia Minerals is positioning itself as a significant early entrant into exploring this belt and depending on results, Deren could be the first of several projects that will be acquired and tested by the company."
East Asia Minerals' annual filings
The company is pleased to announce that it has filed its audited annual financial statements and management discussion and analysis for the year ended Sept. 30, 2005. These are available for public viewing on Stockwatch SEDAR files.
News 
Market Data 
Discover 
