VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 15, 2013) - East Asia Minerals Corporation (TSX VENTURE:EAS) ("East Asia Minerals" or "the Company") today announces additional positive results from its Phase 1 Drilling Program at the Company's Sangihe Project in Indonesia.
"We are very pleased with these results which are in-line with the resources and grades identified in the NI 43-101 technical report," said Frank Rocca, the Vice President of Exploration at East Asia Minerals. "The latest drilling results identified another significant mineralized intercept to the northwest with hole BOD093 which may enable us to extend the current resource."
The exploration program is comprised of 4,600 metres of drilling. The program is divided between the Binebase mineralization zone extension which consists of 12 holes totalling 1800 metres, the Bawone mineralization zone extension consisting of 12 holes totalling 1800 metres and 10 scout holes at the Kupa and Taware areas, totalling 1000 metres.
The Phase 1 Drilling Program at Bawone resulted in expansion of the Bawone resource to the northwest with drill hole BOD093. This hole contains a significant intercept measuring 20 metres in length from 73.7 metres to 93.7 metres in depth with an average grade of 1.06 grams per tonne of gold and 0.43 percent copper. The intercept includes 3 metres in length and from 76.7 metres to 79.7 metres in depth with an average gold and copper grade of 1.59 grams per tonne of gold and over 1 percent copper. This intercept also has 2 metres in length and depth between 80.7 metres to 82.7 metres with an average grade of 2.59 grams per tonne of gold and 0.44 percent copper.
The scout hole drilling in the Taware valley has been very successful with 4 of the 10 drill holes intercepting targeted mineralized quartz veins based on assays received. A significant intercept occurred from drill hole TAD006 which intercepted a 0.9 metre wide vein with an average gold grade of 14.6 grams per tonne at a depth of 45.25 metres. TAD006 also contains a second significant intercept from a down hole with depth of 101.9 metres measuring 3 metres wide with a gold grade average of 1.38 grams per tonne. Taware drill hole TAD005 contains 2 significant intercepts. The first at a down hole depth of 53.4 metres with a 0.8 metre-wide breccia zone has a gold and copper grade average of 2.12 grams per tonne and 0.12 percent. The second, at a down hole depth of 138.3 metres and 0.6 metres wide has an average grade of 2.09 grams per tonne gold and 0.06 percent copper. Taware drill hole TAD004 also contains 2 significant intercepts. The first at a down hole depth of 30.4 metres and 1 metre wide has a gold grade average of 1.92 grams per tonne. The second, with a length of 0.8 metres at a down hole depth of 34.4 metres has a gold grade average of 1.12 grams per tonne. Drill hole TAD009 contains one significant intercept at a down hole depth of 36 metres with a 0.5 metre-wide breccia zone that has a an average grade of 2.32 grams per tonne gold and 0.04 percent copper.
"The results further demonstrate the potential at Sangihe to increase the existing mineral resource," added Ed Rochette, CEO of East Asia Minerals. "The Phase 1 Drilling Program will be complete by April 15, 2013 after which we are moving to drill other prospective areas at Sangihe and will start metallurgical studies to consider processing options."
The second phase of drilling is planned to begin in the second quarter of 2013. Phase 2 will comprise of 10,000 metres. The objective of Phase 2 will be to identify resource extensions and definitions at Binebase, Bawone and Taware. The company will also drill scout holes to test for extensions from Bawone to Salurlang. Further scout holes are planned for the Kuring and Kupa valley prospects. Kuring and Kupa are known to contain high-grade veins and have extensive artisanal mining activity. Trenching samples retrieved by the company from Kupa have been assayed at 30 grams per tonne of gold.
The Sangihe Gold-Copper Project is located on the island of Sangihe off the northern coast of Sulawesi in Indonesia. Sangihe has an existing NI 43-101 compliant inferred mineral resource 27.3 million tonnes averaging 0.95 grams per tonne of gold and 13.58 grams per tonne of silver for 836,718 ounces gold and 11,927,237 ounces silver (using a 0.25 grams per tonne gold cut-off).
About East Asia Minerals Corporation
East Asia Minerals is an Asian-based, Canadian mineral exploration company with gold and copper exploration properties in Indonesia. The Company has a 70 to 85 percent interest in three advanced gold and gold-copper properties located in Aceh Province, Sumatra, and Sangihe Island, North Sulawesi. In addition to the resource at Sangihe noted above the Company's Miwah project in Aceh Province has an NI 43-101 compliant inferred resource of 3.14 million ounces of gold and 8.95 million ounces of silver. This is based on an estimated 103.9 million tonne resource averaging 0.94 grams per tonne of gold and 2.68 grams per tonne of silver using a 0.20 grams per tonne gold cut-off. East Asia Minerals' shares are listed for trading on the TSX Venture Exchange under the symbol "EAS".
Frank Rocca, AusIMM, Vice President Exploration of the Company, and a qualified person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.
For further information, visit the Company's website at www.EAminerals.com.
East Asia Minerals Corporation
Edward Rochette, Chairman & CEO,
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