East Asia Minerals Corporation

East Asia Minerals Corporation

July 28, 2009 08:30 ET

East Asia Minerals Extends High-Grade South Miwah Bluff Gold Discovery

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 28, 2009) - East Asia Minerals Corporation (TSX VENTURE:EAS) reports that mapping/sampling along the recently discovered South Miwah Bluff Gold Zone at the Company's flagship Miwah Gold Project in Aceh Province, Northern Sumatra, continues to extend the strike length of the high-grade gold-bearing feeder structures. Recent rock sawn and chip channel sampling along strike from previously announced areas (news releases of June 3 and July 7, 2009) encountered up to 24.7 g/t gold over 6.3 metres in a rock sawn channel. The Company also announces that drilling is progressing well to test along the full strike length of the main Miwah Gold Zone, with initial assays anticipated over the next weeks. This campaign will now include scout drilling of the new South Miwah Bluff Gold Zone.

Results have been received for an additional 112 rock sawn and chip channel samples from South Miwah Bluff. These include 24.73 g/t gold over 6.3 metres, 20.05 g/t gold over 2.2 metres, 6.15 g/t gold over 3.1 metres and 5.19 g/t gold over 2.0 metres from rock sawn channel samples extending the recently reported high-grade structure (83.59 g/t gold over 24 metres) another 75 metres to the south.

In an area 250 metres south along strike from all previously reported mapping/sampling, the Company encountered 2.2 g/t gold over 24 metres (including 7.89 g/t gold over 5 metres) and 2.78 g/t gold over 15 metres from rock chip channel sampling in an altered subcrop and boulder area.

Twenty-seven chip samples of altered subcrop and boulder were collected in a 135 x 35 metres area located 100 metres north along strike of the 83.59 g/t gold over 24 metres channel sample. Two clusters of greater than 1g/t gold occur on the southern and northern margins of this anomalous area. Values from the southern cluster include 1.36, 1.42 and 4.72 g/t gold; and from the northern cluster include 1.08, 1.84, 1.91, 2.38, 3.22, 3.71 and 10.3 g/t gold.

These new results combined with ongoing mapping indicate the South Miwah Bluff Gold Zone comprises a minimum of three major generally northerly trending gold feeder structures, with associated cross-cutting structures where high-grade gold appears to be concentrating. The gold-bearing zone has been extended another 250 metres to the south, for a currently outlined north-south length of approximately 650 metres. The north limit is defined as the location where the structures enter the western portion of the higher elevation Main Miwah Gold Zone. The gold structures continue north through the Main Miwah Gold Zone and towards the Sipopok discovery located a further 1.5 kilometres to the north along structural strike. The known width of the South Miwah Bluff Gold Zone, as exposed at surface, is up to 350 metres wide (east-west). To date 204.8 metres of rock sawn channel samples (typically one-metre length, half HQ core size) have been obtained from the South Miwah Bluff discovery, and average 14.25 g/t gold.

Regional scout traverses are planned to evaluate south of the eastern portion of the main Miwah Gold Zone for similar structures to those controlling the South Miwah Bluff Gold Zone to the west. Additionally, reconnaissance mapping north along strike of the South Miwah Bluff Gold Zone, past the main Miwah Gold Zone, has encountered favourably altered outcrop and subcrop north of the current drilling area, towards the Sipopok discovery.

Miwah Update

The South Miwah Bluff feeder structures occur as south to south-southwesterly extensions to the high-grade structures mapped at the western area of the main Miwah Gold Zone, which is currently being drill tested. At least three (to four) main north to north-northeast trending mineralized/altered structures have been mapped and sampled within a 650 metres long by up to 350 metres wide zone connecting with the main Miwah Gold Zone mineralization. The full extent is yet to be delineated. Similar to the main Miwah Gold Zone the dominant alteration is vuggy, sugary and massive silica, with moderate to strong oxidization. In addition to outcrop, boulder trails and sub-crop are interpreted to represent detached blocks of underlying outcrop.

Within this zone the originally discovered high-grade gold occurs in outcrop covering 100 metres by 280 metres at the structural intersection of two principal trends running north-northeast and east-west. The gold-bearing bodies are more extensive due to vertical and lateral development, with a high likelihood for the lateral component merging to form a continuous mineralized body, and for repetition elsewhere in the South Miwah Bluff Gold Zone.

The discovery of South Miwah Bluff has opened up the southwest portion of main Miwah Gold Zone and expanded the potential of this large gold system. In addition to drilling of the main Miwah Gold Zone, the current drill campaign will now include scout drilling of this new high-grade area.

Drilling is progressing well, with the fourth hole (EMD 004) now commenced. The initial program will comprise 10 holes for a total of 2,000 metres to provide a 3D validation along the currently defined 1,200 metre east-west extent of the main Miwah gold-bearing silica zone, and an additional 2 scout holes to the south. This program will provide a further indication of the gold resource potential and the framework for follow-up drilling.

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 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. However, ongoing sampling verifies 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. In addition to the tabular zone the Company has begun to characterize some of the feeder zones, with channel samples including 125.9 g/t gold over 23 metres and 19.15 g/t gold over 8 metres. 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.

Miwah demonstrates many features of the shallow part of a high-level high sulphidation epithermal gold system, including intense acid leaching, structural and lithological permeability controls to fracture fed mineralizing fluids, presence of structurally-controlled hydrothermal and phreatic breccias, disseminated mineralization of gold-silver greater than copper, and the elemental association of As, Sb, Bi, Ba, S and Te.

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. Michael Hawkins, M.Sc., MAusIMM, the designated QP within the meaning of 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 twelve 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 64,855,372 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 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.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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