East Asia Minerals Corporation
TSX VENTURE : EAS

East Asia Minerals Corporation

July 02, 2008 09:24 ET

East Asia Minerals Extends Binebase Oxide Gold Mineralization 300 Metres Southeast Towards Bawone

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 2, 2008) - East Asia Minerals Corporation (TSX VENTURE:EAS) reports that recent infill and extension drilling results, including 39.0 metres of 1.06 g/t gold, at its Binebase Project located on Sangihe Island, Sulawesi, Indonesia has extended the near-surface oxide gold zone 300 metres southeast of previous drilling,. The Binebase Gold Zone remains open to the south and southeast. Binebase drilling on the central southern flank of the gold zone has additionally encountered previously unknown, gold-bearing, primary semi-massive sulphide mineralization, including 26.2 metres of 1.20 g/t gold, below the oxide mineralization.

Binebase Project

Previous EAS diamond core drilling at the Binebase gold Project has outlined a north-west trending, near-surface gold oxide zone measuring 700 metres long by 300 metres wide (map at www.EAminerals.com). Recent drilling has extended this gold zone 300 metres to the southeast. Holes BID-24 to BID-26 encountered the near surface oxide blanket of limonite-silica-clay mineralization, averaging 40 metres thick with a very even gold grade distribution (results below). The gold-bearing oxide zone remains open to the south and southeast.



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Hole From To Interval Gold Silver Copper Mineralization
Number (m) (m) (m) (g/t) (g/t) (%) Type
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BID-24 0.00 39.00 39.00 1.06 less than 0.02 Oxide
1.00
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Including 22.00 30.00 8.00 3.25 less than 0.04 Oxide
1.00
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BID-25 0.00 52.00 52.00 0.39 less than 0.02 Oxide
1.00
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And 52.00 136.00 84.00 0.43 1.07 0.09 Sulphide
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BID-26 0.00 41.60 41.60 1.07 2.32 0.03 Oxide
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Including 9.00 18.00 9.00 2.16 0.83 0.06 Oxide
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BID-32 12.30 38.50 26.20 1.20 10.48 0.61 Sulphide
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Including 28.00 37.45 9.45 2.22 13.93 0.65 Sulphide
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Note: Results for drill holes BIN-27 to BIN-31 are pending.


Recent drilling has encountered primary gold-silver mineralization in the central southern part of the Binebase Gold Zone. To date, three diamond core holes have outlined a +100 metre long, north-south trending lens-shaped structure of semi-massive sulphide (pyrite, enargite and covellite), quartz and barite. This primary gold mineralization thickens and extends to the south from the known Binebase gold oxide blanket towards the Bawone gold Zone located 1.2 kilometres to the south. The silica-sulphide breccia texture and mineralogy is identical to primary high sulphidation epithermal gold-silver mineralization at Bawone and reinforces the possibility of a significant gold-bearing feeder zone at depth.

Further drilling is planned to test for southeast extensions of both this sulphide body and the near-surface oxide blanket.

Samples reported were assayed at PT SGS Indoassay (SGS Group) in Balikpapan. David Royle, B.Sc. (Hons), FAusIMM, CP, 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 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 drilled to define NI43-101 compliant resources. The Company owns ten uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and a 75% interest in the Khok Adar copper oxide discovery in Mongolia. East Asia currently has 55,645,372 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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