East Asia Minerals Corporation

East Asia Minerals Corporation

December 03, 2007 08:05 ET

East Asia Minerals Intersects More Gold Over Significant Thicknesses at Bawone and Binebase

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 3, 2007) - East Asia Minerals Corporation (TSX VENTURE:EAS) is pleased to report that drilling on the Bawone Prospect at the Sangihe Project, Indonesia, continues to intersect significant gold mineralization. Drill hole BOD-09 intersected 58.0 metres of 1.30 g/t gold within a broader interval that returned 128.0 metres of 0.82 g/t gold. Drill hole BOD-10 encountered 57.0 metres of 1.73 g/t gold, including 36.0 metres of 2.50 g/t gold from near surface. This shallow epithermal gold mineralized zone remains open along strike in both directions. Additional drilling is planned.

The drill is now testing the Binebase Prospect, located 1.2 kilometres along strike to the north of Bawone where additional trenching has uncovered 2.00 g/t gold over 62.0 metres, 1.98 g/t gold over 45.5 metres, and 2.28 g/t gold over 28.5 metres. These results indicate wide zones of significant epithermal gold mineralization at surface. Mineralization at Binebase is similar to and possibly contiguous with that at Bawone. Previous East Asia trenching results at Binebase have included up to 32.0 metres of 4.18 g/t gold and 38.0 g/t silver (October 18, 2007 news release).

Bawone Assay Highlights

Drill From To Interval Gold Silver Copper
Hole (m) (m) (m) (g/t) (g/t) (%)
BOD-09 49.0 177.0 128.0 0.82 2.95 0.24
Including 49.0 107.0 58.0 1.30 5.76 0.36
And 50.0 64.0 14.0 2.41 11.72 0.62

BOD-10 11.0 68.0 57.0 1.73 7.52 0.32
Including 11.0 47.0 36.0 2.50 11.49 0.47

Drill section BOD-08/09/10 was drilled southeast of section BOD-01/03 to validate historic drill results and conduct delineation drilling in the central portion of the Bawone Prospect (refer to the Company's website at www.EAminerals.com for a plan view of drilling). This section is along strike between BOD-07 (31.6 metres of 3.75 g/t gold, including 21.6 metres of 5.02 g/t from 3.4 metres depth - reported November 19, 2007) and section BOD-01/03 (91.3 metres of 2.45 g/t gold including 50.0 metres of 3.32 g/t gold, and 125.0 metres of 1.67 g/t gold - reported October 16, 2007).

BOD-08, the centre hole of the section, was drilled with a northeast inclination and encountered 39.0 metres of 1.29 g/t Au in a broader zone of 100.0 metres of 0.86 g/t gold, with sampling ending in 3.26 g/t gold near the end of hole in a newly recognized mineralization type (reported November 19, 2007).

BOD-09, the southwestern hole of the section, was also drilled with a northeast inclination and ended in mineralization at 221.25 metres due to drill limitations. The host rock is andesite crystal and lithic tuff, dominated by hydrothermal breccia with silica - barite - clay - sulphide (5 to 70%) alteration from 50.90 to 117.90 metres, followed by silica - barite - clay - sulphide (5 to 10% and locally to 50%) altered volcaniclastics to the end of hole.

BOD-10, the northeastern hole of the section, was designed as a scissor hole with a southwest inclination to delineate the mineralization and improve the geological model

These intersections continue to demonstrate the continuity of the Bawone mineralization, and will be used to design a delineation program during the first half of 2008. The Company intends to complete NI43-101 compliant reporting for the Bawone and Binebase Prospects by the end of 2008. The drill is currently at the Binabase Prospect to test recently trenched gold zones where up to 32 metres of 4.18 g/t gold were encountered. A preliminary program of 400 to 500 metres of core drilling in five holes is planned. Induced polarization surveying is also underway to enhance understanding of the shallow covered geology between the Bawone and Binabase Prospects, and add to the understanding at the Brown Sugar and Bonzos Zones where recent East Asia drilling encountered 16 metres of 2.7 g/t gold, 400 metres southwest of Bawone (reported October 25, 2007).

Samples reported were assayed at PT SGS Indoassay (SGS Group) in Balikpapan. Michael Hawkins, M.Sc., MAusIMM, 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 uranium, gold and copper assets in Mongolia and Indonesia. The Company owns the Ingiin-Nars, Ulaan Nuur and Enger uranium properties and a 75% interest in the Khok Adar copper oxide discovery in Mongolia. In Indonesia, it has a 70 to 85% interest in five advanced gold and gold-copper projects located in Aceh Province in Sumatra and North Sulawesi. East Asia currently has 55,185,372 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 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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