Eurasian Minerals Inc.

Eurasian Minerals Inc.

March 07, 2005 09:00 ET

Eurasian Minerals Inc.: Exploration Results for the Gezart Property, Kyrgyz Republic


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: EURASIAN MINERALS INC.

TSX VENTURE SYMBOL: EMX

MARCH 7, 2005 - 09:00 ET

Eurasian Minerals Inc.: Exploration Results for the
Gezart Property, Kyrgyz Republic

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 7, 2005) - Eurasian
Minerals Inc. (TSX VENTURE:EMX) (the "Company" or "Eurasian") is pleased
to announce that its wholly owned Kyrgyz subsidiary, Kichi Chaarat
Company, has received very encouraging assays from the Gezart license in
southern Kyrgyzstan. Strongly anomalous soil and stream sediment samples
identified two widely spaced structures with gold mineralization, each
at least 3 km long.

Geology, Gold Mineralization, and Target Types

The geological framework of the Gezart license is characterized by the
regional Tegermach thrust fault that separates Carboniferous calcareous
siltstone and sandstone (Tolubai suite) and massive limestone (Pyrkaff
suite) in the footwall (lower plate) from overlying Silurian-Ordovician
terrigenous siliciclastics in the hanging wall (upper plate). The lower
plate is locally exposed in structural "windows". The upper and lower
plate rocks are intruded by Carboniferous to Permian subalkaline
granite-granodiorite known to be spatially and temporally associated
with gold mineralization in the Kyrgyz Tien Shan.

Three types of gold mineralization have been identified on the Gezart
license by previous Soviet-era exploration, as well as more recent work
by western exploration companies (see Company news release dated October
1, 2004). These styles of mineralization have been confirmed by the
Company's 2004 field programs, and include: 1) gold-antimony
mineralization in jasperoids at the limestone-siltstone contact below
the Tegermach thrust fault, 2) gold-arsenopyrite-quartz veins, veinlets
and stockworks hosted in the upper and lower plate siliciclastic rocks,
usually controlled by NW structures such as at the Gezart prospect and
3) localized gold-enriched skarn adjacent to intrusive rocks.

Soil Sample Geochemical Results

The Company completed a reconnaissance soil and stream sediment sampling
program at Gezart. A total of 139 soil samples were collected, with the
majority of them along eight widely-spaced soil lines oriented
perpendicular to northeast striking regional faults, covering an area of
approximately six kilometers northeast by three kilometers northwest.
Spacing between the soil lines ranged from approximately one kilometer
to three kilometers, and sample spacing within the soil lines was at 20
to 30 meters. Profiles 1 and 3 cross a northeast striking structure (the
Abshir fault zone) that hosts the Bulat and Kapchigai prospects. Profile
numbers 4 through 8 transect a second sub-parallel structure located two
kilometers to the southeast. The soil line sample results are summarized
below:



-----------------------------------------
Continuous
Soil Line Length Avg. Gold
Number (meters) grade (ppb)
-----------------------------------------
1 160 510
-----------------------------------------
2 40 315
-----------------------------------------
3 220 868
-----------------------------------------
4 20 1,995
-----------------------------------------
5 Not anomalous N/A
-----------------------------------------
6 200 227
-----------------------------------------
7 100 80
-----------------------------------------
7 (also) 20 182
-----------------------------------------
8 40 632
-----------------------------------------


The profiles 1 through 3 delineate a three-kilometer long mineralized
trend along the Abshir fault zone. A rock chip grab sample of
upper-plate silicified siltstone with disseminated pyrite taken at the
northern end of Profile 3 returned an assay of 8,900 ppb gold. The
sub-parallel structure to the southeast, sampled by soil lines 4 through
8, delineated a second gold mineralized trend with a 4.5 kilometer
strike length.

Stream Sediment Geochemical Results

Approximately two-thirds of the Gezart property was covered by Company
stream sediment sampling in 2004. A total of 238 stream sediment samples
delineated 42 catchment basins with gold values greater than 65 ppb. The
reconnaissance level of work in 2004 generally characterized a catchment
basin by a single stream sediment sample. A cluster of six stream
sediment catchment anomalies occur at the predicted structural
intersection of a northwest striking zone projected from the Gezart
prospect and the Abshir fault zone. These six basins represent an
anomalous area of 4.4 square kilometers, and individual stream sediment
assays range from 74 and 483 ppb gold. In addition, five anomalous
catchment basins define a strike length of over eight kilometers for the
second mineralized trend defined by soil lines 4 to 8.

Comments on Sampling, Assaying, and QA/QC

The Company's Gezart soil, stream sediment, and rock geochemical samples
were collected in accordance with accepted industry standards. The
samples were submitted to the ISO 9002 certified ALS Chemex laboratory
in Vancouver, Canada or the ISO 9002 certified Alex Stewart (Assayers)
Limited laboratory in Karabalta, Kyrgyz Republic for sample preparation
and analysis: gold was analyzed by fire assay with an AAS or ICP finish.
As standard procedure, the Company conducts routine QA/QC analysis on
all assay results, including the systematic utilization of certified
reference materials, blanks, field duplicates, and umpire laboratory
check assays.

Mr. Dean Turner, P.Geo., a Qualified Person as defined by National
Instrument 43-101 and consultant to the Company, has reviewed and
verified the technical mining information contained in this news release.

Forward-Looking Statement

Some of the statements in this news release contain forward-looking
information that involves inherent risk and uncertainty affecting the
business of Eurasian Minerals Inc. Actual results may differ materially
from those currently anticipated in such statements.

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Eurasian Minerals Inc.
    David M. Cole
    President and Chief Executive Officer
    (303) 979-6666
    dave@eurasianminerals.com
    or
    Eurasian Minerals Inc.
    Kim C. Casswell
    Corporate Secretary
    (604) 688-6390
    (604) 688-1157 (FAX)
    kcasswell@eurasianminerals.com
    www.eurasianminerals.com
    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this release.