East Asia Minerals Corporation
TSX VENTURE : EAS

East Asia Minerals Corporation

August 06, 2008 08:25 ET

East Asia Minerals Extends Abong Gold System 600 Metres and Discovers New Gold Zone

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 6, 2008) - East Asia Minerals Corporation (TSX VENTURE:EAS) is pleased to report new drill results, including 8.0 metres of 5.29 g/t gold, 11.0 metres of 1.46 g/t gold and 12.0 metres of 1.01 g/t gold, from its Abong Project located in Aceh Province, Indonesia. Holes ABD-56 to ABD-59 have significantly extended the Bulan portion of the Abong Project 600 metres to the southeast. The Company also reports that a new gold-bearing jasperiod zone in Kapar Creek, located 1.3 kilometres east of Bulan, was discovered with a channel sample returning 16 metres with 1.67 g/t gold.

Abong Drill Update

Recent infill and step-out drilling at the Bulan Gold Zone ("BGZ") in the Abong Project area has consistently encountered the near-surface gold-bearing jasperoid horizon with better gold intercepts of 8.0 metres of 5.29 g/t gold in hole ABD-52, 11.0 metres of 1.46 g/t gold in hole ABD-54 and 12.0 metres of 1.01 g/t gold in ABD-59 (view map at www.EAminerals.com). Holes ABD-53 and ABD-55 have extended the BGZ 100 metres west-northwest of previous drilling. Holes ABD-56 to ABD-59 have extended the Abong mineralized corridor 600 metres southeast of previous reported BGZ drilling and confirmed that the jasperiod horizon is gold mineralized in this area. These drill intercepts may belong to a new gold zone or cell that is open to the south, southeast and east. This is supported by recent surface mapping which has traced mineralized jasperiod at the limestone/mudstone contact 400 metres east of ABD-59, the southernmost hole drilled to date.



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Hole Gold Silver
Number From (m) To (m) Interval (m) (g/t) (g/t) Comment
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ABD-50 NSA NSA Bulan Zone SE
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ABD-51 35.00 42.00 7.00 0.33 7.87 Bulan Zone NE
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ABD-52 42.00 50.00 8.00 5.29 12.12 Bulan Zone
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ABD-53 4.00 26.00 22.00 0.58 7.69 Bulan Zone NW
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ABD-54 4.00 15.00 11.00 1.46 7.72 Bulan Zone
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ABD-55 0.00 12.00 12.00 1.24 8.68 Bulan Zone NW
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ABD-56 12.00 20.00 8.00 0.45 6.63 Bulan South
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ABD-57 44.00 50.00 6.00 0.39 4.88 Bulan South
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ABD-58 32.00 37.00 5.00 1.27 16.78 Bulan South
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ABD-59 38.00 50.00 12.00 1.01 5.38 Bulan South
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A pattern of gold-mineralization is emerging at Abong with a series of northeast structurally oriented elongated higher grade gold zones surrounded by lower grade envelopes contained within a major northwest trending corridor up to 400 metres wide and traceable for over 1.7 kilometres. Potential for the discovery of new gold cells along extensions of the Abong structural trend to the northwest and southeast remains to be assessed.

Kapar Gold Target

Exploration outside of the main Abong structural corridor has discovered a new area of gold-bearing jasperoid mineralization in Kapar Creek located 1.3 kilometres east of BGZ. Systematic channel sampling has returned encouraging mineralized intervals, including 16 meters of 1.67 g/t gold from sub-vertical breccia zones within the jasperiod horizon and close to a mudstone/limestone contact in a geological setting similar to Bulan-Bintang. Assuming that the Kapar gold zone is part of the Abong gold system, it now considerably expands the potential target area for discovery of additional gold mineralization zones at Abong. Scout drill testing of the Kapar gold target is in progress.

Samples reported were assayed at Intertek Laboratories in Jakarta. David Royle, B.Sc. (Hons), FAusIMM, CP, the designated QP within the meaning of 43-101, has reviewed and approves the content of this release.

About East Asia Minerals Corporation

East Asia Minerals 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. Two of these, the Sangihe (Binebase-Bawone) and Barisan 1 (Abong) gold projects, are being drilled to define NI43-101 compliant resources. The Company owns ten uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and a 75% interest in the Khok Adar copper oxide discovery in Mongolia. East Asia currently has 55,645,372 shares outstanding. Its shares are listed for trading on the TSX Venture Exchange under the symbol "EAS".

Forward Looking Statements - This News Release contains forward looking information within the meaning of the British Columbia Securities Act, the Ontario Securities Act and the Alberta Securities Act, which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with our expectations, metal recoveries, accidents, equipment breakdowns, title matters and surface access, labour disputes or other unanticipated difficulties with or interruptions in production, the potential for delays in exploration or development activities or the completion of new or updated feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations (including uranium, fuel, steel and construction items), currency fluctuations, failure to obtain adequate financing on a timely basis and other risks and uncertainties. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. The words anticipate, believe, estimate and expect and similar expressions, as they relate to us or our management, are intended to identify forward looking statements relating to the business and affairs of the Company. Except as required under applicable securities legislation, we undertake no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise.

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