East Asia Minerals Corporation
TSX VENTURE : EAS

East Asia Minerals Corporation

April 04, 2011 08:30 ET

East Asia Minerals Encounters 3.1 g/t Gold Over 23 Metres Within 84 Metres Grading 1.09 g/t Gold, Remaining Open West Past Initial Miwah Resource Block

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 4, 2011) - East Asia Minerals Corporation (TSX VENTURE:EAS) announces that drilling is on schedule for the initial resource estimate at the Miwah Main Zone in Aceh Province, Northern Sumatra, Indonesia. Ongoing drilling demonstrates that the Miwah Main Zone remains open for potential expansion beyond the initial resource estimate block. EMD063 encountered 1.09 g/t gold over 84 metres including 3.10 g/t gold over 23 metres, and remains open to the west. In addition, assays received from EMD064 and 065 continue to demonstrate that the Main Zone is open north towards Moon River.

The Company reports;

  • assays for drill holes EMD062 to 064, EMD065 (partial), and EMD066,
  • updates for in-progress drill holes EMD065, and EMD067 to 069.

EMD062 was drilled with a 225 degree azimuth and 70 degree dip to infill alteration and mineralization south of EMD058. The hole was completed at 311.2 metres and encountered 0.56 g/t gold from 108 to 251 metres (143 metres), including 1.33 g/t gold from 108 to 150 metres (42 metres) and 0.93 g/t gold from 204 to 222 metres (18 metres).

EMD063 was drilled with a 150 degree azimuth and 60 degree dip to test the south extension of alteration and mineralization intersected in EMD061. The hole was completed at 201.4 metres and encountered 1.09 g/t gold from 77 to 161 metres (84 metres) including 3.10 g/t gold from 91 to 114 metres (23 metres). The gold-hosting Miwah Horizon remains open to the west, past the initial Miwah Main Zone resource block.

EMD064 was drilled with a 346 degree azimuth and 50 degree dip to infill lithology and alteration between Block M and Moon River. The hole was completed at 339.1 metres and encountered 0.32 g/t gold from 4 to 43 metres (39 metres), and 0.80 g/t gold from 155 to 189 metres (34 metres) including 3.25 g/t gold from 164 to 169 metres (5 metres). The gold-hosting Miwah Horizon remains open to the north, past the initial Miwah Main Zone resource block.

EMD065 is being drilled with a 45 degree azimuth and 50 degree dip to infill lithology and alteration between Block M and Moon River. Assays to date yielded 0.55 g/t gold from 102 to 258 metres (156 metres), including 1.64 g/t gold from 121 to 134 metres (13 metres) and 1.00 g/t gold from 182 to 203 metres (21 metres). Drilling encountered further favourable alteration/mineralization intermittently from 261.8 to 286.2 metres, 288.1 to 291.3 metres, and 296.5 to 297.8 metres where the hole is in progress. The gold-hosting Miwah Horizon remains open to the north, past the initial Miwah Main Zone resource block. Further assays are pending.

EMD066 was drilled with a 280 degree azimuth and 60 degree dip to test the west extension of alteration and mineralization intersected in EMD061. The hole was completed at 210.4 metres and encountered 0.45 g/t gold from 185 to 195 metres (10 metres). The gold-hosting Miwah Horizon remains open to the west, past the initial Miwah Main Zone resource block.

EMD067 is being drilled with a 30 degree azimuth and 55 degree dip to test the north extension of alteration and mineralization intersected in EMD061 and 063.

EMD068 is being drilled with a 110 degree azimuth and 50 degree dip to test the northwest extension of alteration and mineralization intersected in EMD061 and 063.

EMD069 is being drilled as a vertical hole to infill lithology and alteration data in the eastern area of the resource block at Block M (Refer to Miwah drill hole location map at www.EAminerals.com).

East Asia has diamond drill validated the 1.2 kilometre east-west outcropping width of the shallow, laterally extensive Miwah Main Zone, and has encountered significant gold mineralization in more than 95% of all holes analyzed to date. The Miwah Main Zone remains open in all directions with the Moon River area expanding the north-south potential to more than 700 metres, whilst remaining open further to the north towards Sipopok. Drilling has extended the Miwah Main Zone towards a similar northing as Moon River. Sampling west of the Miwah Main Zone in the Signal area has potentially expanded the east-west width another 600 metres and remains open. Recent sampling east of the Miwah Main Zone in the East Block M area has potentially expanded the east-west width another 400 metres and remains open.

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.

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. The Company owns seven uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and two phosphate properties in Mongolia. East Asia currently has 77,089,872 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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