East Asia Minerals Corporation
TSX VENTURE : EAS

East Asia Minerals Corporation

April 06, 2010 08:30 ET

East Asia Minerals Extends Miwah Gold Mineralization North, South and in Lower Zone; Discovers Vuggy Silica Outcrops 600 Metres West of Known Main Zone

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 6, 2010) - East Asia Minerals Corporation (TSX VENTURE:EAS) announces that drilling continues to extend gold mineralization south and north from the Miwah Main Zone in Aceh Province, Northern Sumatra, Indonesia. EMD022 encountered 3.55 g/t gold over 48.1 metres, including 9.95 g/t gold over 11 metres in the upper part of the Miwah Main Zone. It also encountered 0.33 g/t gold over 30.5 metres in the recently discovered Lower Zone. The intercepts in EMD022 are the southernmost intercepts of the Miwah Main Zone. EMD023 encountered 1.32 g/t gold over 90 metres, including 1.90 g/t gold over 50.3 metres. EAS also announces several new discoveries of favourable vuggy silica in erosional window outcrops up to 600 metres to the west of the previously defined Miwah Main Zone, considerably expanding the potential east-west width of the Miwah Main Zone.

EMD022 was drilled with a 190 degree azimuth and 70 degree dip to test the area immediately south of EMD001/002/003/018, and was completed at 300 metres downhole depth. Gold grading 3.55 g/t was encountered from 6.9 to 55 metres, including 9.95 g/t gold from 10 to 21 metres. Below an intervening fault zone, EMD022 further intercepted the new Lower Zone (first discovered in EMD018 approximately 250 metres to the north) which assayed 0.33 g/t from 174.5 to 205 metres. The gold mineralization is open to depth and in all directions, and is interpreted to be continuous to the north towards EMD018/019.

EMD023 was drilled to 199 metres with a due north azimuth and 50 degree dip to test north from the high-grade gold mineralization encountered by EMD018/019. Gold grading 1.32 g/t was encountered from 83.5 to 173.5 metres, including 1.90 g/t gold from 85.7 to 136 metres. The mineralized interval included 5.75 metres of open space cavity, lowering the overall composite gold grade. The gold mineralization is open to depth and in all directions, and is interpreted to be continuous to the south towards EMD018/019 which encountered 4.08 g/t gold over 81 metres including 9.29 g/t gold over 21 metres (EMD019), and 2.18 g/t gold over 116 metres including 3.28 g/t gold over 61 metres (EMD020). Due to drill rig limitations EMD023 did not reach to the Lower Zone.

EMD024 was drilled with a due north azimuth and 55 degree dip, 125 metres north from EMD023, and was completed at 209 metres downhole depth. The hole encountered visually altered and mineralized rock from 90 metres downhole depth to the end of the hole. Of added significance is that the favourable vuggy silica was cut by an intensive crustiform and bladed quartz stockwork from 207.5 to 208.75 metres, being similar in appearance to the surface rock sawn channel sample in the eastern part of the Miwah Main Zone that graded 106.46 g/t gold over 4.6 metres.. Visuals and section interpretation suggest the Lower Zone encountered in EMD018 may merge with the higher level Main Zone further north towards EMD023/024. Assays are pending.

EMD025 is commencing with a 270 degree azimuth and 55 degree, to test west from the EMD024 mineralized intersection (Refer to drill location map at www.EAminerals.com).

EMD026 is commencing as a north-westerly step out from EMD014. This hole is targeting the extension of silicification to the north and east of the Miwah Bluff portion of the Miwah Main Zone.

EAS field crews have discovered favourable vuggy silica in outcrops up to 600 metres west of EMD024, reinforcing the model that the mineralized silica zone extends under cover further west of the current Miwah Bluff outcrops and drilling.

"Strong and consistent gold mineralization in EMD022 and 023, the intersection of favourable vuggy silica to the north in EMD024, and newly discovered favourable outcrop to the west of the Main Zone, all reinforce our belief that the Miwah gold system is potentially one of the more important gold discoveries in this exploration cycle" remarked Michael Hawkins, President and CEO of East Asia Minerals Corporation. "The intersection of the lower mineralized zone in EMD022 and the new discovery of a favourable horizon in outcrop to the west open the possibility of extension beneath the South Miwah Bluff Zone and to the west".

Miwah Background
The Miwah Gold Prospect was partially defined by approximately 3,100 metres of drilling in twelve holes by a previous explorer in 1997. All holes drilled during this program intersected significant alteration and mineralization with intercepts including 71 metres of 1.4 g/t gold and 58 metres of 1.1 g/t gold. The previous explorer suggested potential for 100 Mt at 1.1 to 1.2 g/t gold, however a review of the historical data indicates that early drilling was parallel to higher grade (greater than 5 g/t gold) structures at surface. Hence, in addition to greater mineralized tonnage, significantly higher overall grades are anticipated from better geological understanding, results of the Company's detailed sampling, and properly oriented drill holes.

Based on the Company's work Miwah is resolving into two components; a large 1,200 metre long, at least 300 to 400 metre wide, approximately 200 metre thick tabular zone; and vertical diatreme breccia feeder zones that are beneath and cut through this. At Miwah Gold Zones, East Asia has almost 2,500 metres of rock sawn channel samples which average 2.35 g/t gold. Grade expectations in Main Miwah Gold Zone exceed 1.5 g/t gold. Ongoing sampling verified the Company's confidence that higher overall gold grades can be achieved due to the presence of multiple high grade rock sawn channel samples throughout the strike, including 4.11 g/t gold over 200 metres at the eastern part of the Main Miwah Gold Zone, and 4.35 g/t gold over 27 metres at the western part. Recent drilling has supported this. In addition to the tabular zone the Company has begun to characterize some of the diatreme breccia feeder zones, with rock sawn channel samples including 83.59 g/t gold over 24 metres and 20.14 g/t gold over 12 metres. Recent drilling has supported this. These feeder zones have great potential to develop into substantial tonnages of higher grade gold mineralization in an area adjacent to the Main Miwah Gold Zone.

The Miwah Property is in a very similar volcanic setting to the Martabe gold-silver deposit, also located in North Sumatra (Purnama and Baskara resources: 127.8 million tonnes at 1.4 g/t gold (5.5 million ounces gold) and 15 g/t silver (60 million ounces silver), and the alteration system is of a comparable size. Miwah also exhibits a likeness to the size, style and geometry of the alteration system developed at the Pierina gold deposit in Peru (67.7 Mt grading 2.98 g/t gold and 22 g/t silver, giving a total 6.49 million ounces gold and 47.9 million ounces silver).

Samples reported were assayed at Intertek assay laboratories in Jakarta. Lionel Martin, P.Geo., the designated QP within the meaning of NI 43-101, has reviewed and approves the content of this release. East Asia has not verified the classification of the resource references and is not treating them as NI 43-101 defined resources verified by a QP. Although the references of resources are relevant to recognizing the potential of the Miwah project, they should not be relied upon.

About East Asia Minerals Corporation
East Asia Minerals (TSX VENTURE:EAS) 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 advanced to define NI43-101 compliant resources. The Company owns eight uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and two phosphate properties in Mongolia. East Asia currently has 71,455,372 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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