East Asia Minerals Corporation

East Asia Minerals Corporation

September 11, 2009 08:00 ET

East Asia Announces Resource Definition Drill Program at Miwah Gold Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 11, 2009) - East Asia Minerals Corporation (TSX VENTURE:EAS) announces that the initial ten-hole diamond drill program at its Main Miwah Gold Zone Project in Aceh Province, Northern Sumatra will be expanded to acquire drill information to complete a NI43-101 compliant resource estimate. This decision is based on consistent strong gold results across the mineralized body.

To date five holes of the initial ten-hole program have been completed over 500 metres strike length. This program was designed to provide a 3D validation along the 1,200 metre east-west extent of the Main Miwah gold-bearing silica zone, and to provide the framework for follow-up drilling. The program has been consistently successful, achieving the following results:

Gold Silver Equiv.
Drill Hole From (m) To (m) Interval (m) (g/t) (g/t) (g/t)(i)
EMD001 10.9 68.0 57.1 1.97 11.90 2.17
Including 12.0 50.3 38.3 2.78 16.59 3.06
EMD002 8.3 166.3 158.0 1.71 8.67 1.86
Including 9.0 75.0 66.0 3.29 16.08 3.56
EMD003 9.1 152.0 142.9 2.25 18.54 2.56
Including 11.0 62.0 51.0 4.31 28.97 4.79
EMD004 4.6 69.0 64.4 1.37 9.05 1.52
EMD008 85.0 185.0 100.0 2.11 pending n/a
Including 85.0 115.0 30.0 4.81 6.31 4.92
(i) The gold equivalent uses a silver to gold ratio of 60:1 based on current
precious metal market prices, and assuming total recoveries of both metals.

In addition, EMD009 was completed at 206 metres downhole depth to test favourable mineralization west of EMD008. Assays are pending. EMD010 is in progress, being drilled to confirm the sub-horizontal gold mineralized layer between EMD008 and 009.

Michael Hawkins, President and CEO of East Asia Minerals Corporation stated "Although not completed, the initial ten-hole program at the Main Miwah Gold Zone has delivered what we expected, and more. Upon completion of this phase, diamond drilling will continue uninterrupted for approximately 45 holes to gather the information we require to complete a NI43-101 resource estimate. At the newly discovered South Miwah Bluff Gold Zone, adjacently to the south, initial scout drilling has confirmed the geological model of a gold mineralized diatreme breccia feeder that has been mapped over an area of 650 by 300 metres. Detailed mapping and sampling is ongoing, and a dedicated drill program is planned to commence there in Q4 of this year. The company is well funded to undertake much of the planned drilling well into 2010."

Miwah Background

The Miwah Gold Prospect was partially defined by approximately 3,000 metres of drilling in eleven 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, 300 to 400 metre wide, approximately 200 metre thick tabular zone; and vertical diatreme breccia feeder zones that are beneath and cut through this. Within the tabular zone East Asia has over 2,000 metres of rock sawn channel samples which average 1.2 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 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 Intertech 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 eleven uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, four phosphate properties, and a 75% interest in the Khok Adar copper oxide discovery in Mongolia. East Asia currently has 66,014,122 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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