Eurasian Minerals Inc.

Eurasian Minerals Inc.

March 24, 2005 16:56 ET

Eurasian Minerals Inc.: Kuru Tegerek Project Update


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: EURASIAN MINERALS INC.

TSX VENTURE SYMBOL: EMX

MARCH 24, 2005 - 16:56 ET

Eurasian Minerals Inc.: Kuru Tegerek Project Update

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 24, 2005) - Eurasian
Minerals Inc. (the "Company") (TSX VENTURE:EMX) is pleased to provide an
update on the Company's 100% owned Kuru Tegerek gold-copper project in
the Kyrgyz Republic. In late 2004, the Company completed a nine hole,
414.9 meter HQ core drilling program targeting the oxide portion of the
South Deposit mineralized zone (see company press release dated November
10, 2004). The primary objective of this drill program was to collect
samples for additional metallurgical test work. The Company has
subsequently been reviewing technical proposals submitted by four
internationally recognized engineering groups for a metallurgical test
program. In parallel, the core has been geologically logged, split, and
samples sent to the Alex Stewart (Assayers), Ltd. laboratory in Kara
Balta, Kyrgyz Republic for fire assay analysis, with results expected in
approximately one month.

The Kuru Tegerek South Deposit measured and indicated resource has been
estimated as 9.2 million tonnes with average grades of 1.53 grams/tonne
gold and 0.53 percent copper, yielding 460 thousand ounces of gold and
108 million pounds of copper as reported by Behre Dolbear and Company,
Inc. in an independent NI 43-101 technical report (see technical report
filed on SEDAR). This resource is based upon a 0.5 gram/tonne gold
equivalent cutoff assuming metal prices of US$ 369/ounce gold and US$
1.09/pound copper, and metal recoveries of 79% gold and 73% copper. The
NI 43-101 report includes a recommendation by Behre Dolbear that the
Kuru Tegerek project be advanced to the pre-feasibility stage.
Optimization of gold-copper extraction and processing capital and
operating costs will be a key component for project advancement. The
Kuru Tegerek property represents a substantial asset, and the Company
will continue its technical evaluation of the project during 2005 with
the goal of optimizing project economics.

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.

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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.