Eurasian Minerals Inc.

Eurasian Minerals Inc.

March 04, 2005 09:00 ET

Eurasian Minerals Inc.: Two New Exploration Permits Granted in Serbia




MARCH 4, 2005 - 09:00 ET

Eurasian Minerals Inc.: Two New Exploration Permits
Granted in Serbia

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 4, 2005) - Eurasian
Minerals Inc. (the "Company") (TSX VENTURE:EMX) is pleased to announce
that its wholly-owned subsidiary, SEE d.o.o., has recently been granted
the Zlot Brestovac Exploration Permit in eastern Serbia, and the Borovo
- Donje Nevlje Exploration Permit in southeastern Serbia. These two
permits occur in eastern Europe's Carpathian Arc metallogenic trend,
which hosts the Timok Magmatic Complex. The Timok Magmatic Complex,
Serbia's principal copper-gold mining region, hosts the Bor and
Majdenpek copper-gold mining districts, and has an estimated metal
endowment of approximately 20 million tonnes of copper and 1000 tonnes
of gold (Jankovic et al., in The Bor Copper and Gold Deposit, Bor Copper
Institute, Bor, 2002). Both of the Company's new permits have been
explored by government agencies for base metals mineralization with
encouraging results, especially for copper.

Zlot Brestovac Exploration Permit

The 77 square kilometer Zlot Brestovac Exploration Permit is located 150
kilometers southeast of Belgrade, and consists of two separate areas,
Zlot (52 sq km) and Brestovac (25 sq km). The northern boundary of the
Brestovac area is located about 2.5 km south of the Bor mining district.
Bor, one of Europe's most prolific metal producers, consists of over 29
ore bodies that have yielded more than 100 million pounds of copper at
an average grade of 1-2 percent, and 5.1 million ounces of gold at an
average grade of 3.2 grams/tonne, and in 2000 state reported "geological
resources" were 621 million tonnes grading 0.63 percent copper and 0.23
grams/tonne gold (Copper Mining and Smelting Combine, RTB Bor, October
2002). These "geological resources" are not National Instrument 43-101
compliant, but are reasonably assumed to represent the grade and tonnes
of material reported.

The property occurs in the southern Timok Magmatic Complex, and is
underlain by Cretaceous volcanic rocks, limestones, and andesitic and
dacitic intrusive rocks. The southern extension of the Bor Fault passes
through the Brestovac sector of the Exploration Permit.

The Brestovac area contains several copper and gold occurrences, as well
as indications of ancient gold mining. Pre-World War II underground
exploration at Brestovac focused on gold, copper and copper-zinc
mineralization. Copper exploration was conducted from the 1950's through
1970's and again in the 1980's by the Geological Department of the
Copper Institute in Bor, and consisted of geologic mapping, geochemical
sampling, geophysical surveying, and diamond drilling. This work defined
several altered and mineralised zones. Additional targets delineated by
geophysical exploration have not yet been drill tested. Hydrothermal
alteration, including secondary silicification, is recorded within the
Permit. The Company has obtained data pertaining to earlier exploration,
and is currently compiling this information.

Borovo - Donje Nevlje Exploration Permit

The 75 square kilometer Borovo - Donje Nevlje Exploration Permit is
located 270 kilometers southeast of Belgrade near the border with
Bulgaria, and occurs in a similar geologic setting and possesses many of
the attributes associated with the copper and copper-gold ore deposits
in the Timok Magmatic Complex and Bulgaria's Srednjegorje-Panadjuriste
copper-gold district.

The property is underlain by Cretaceous latite, andesite, and limestone
rock units. Copper exploration conducted during the 1960's by the
Geological Department of the Copper Institute in Bor included geological
mapping, geochemical sampling, geophysical surveying, trenching at
Borovo and diamond drilling at Donje Nevlje. Two areas of hydrothermal
alteration containing occurrences of copper mineralization were
identified. No records of gold analyses have been reported. The Company
is currently compiling data pertaining to earlier exploration, and
considers that the Borovo - Donje Nevlje Exploration Permit is
under-explored for its gold potential.

Statement on Government Generated Exploration Results

The Company is referencing historical work by government geological
agencies of the former Yugoslavia, as well as present day Serbia. The
Company is currently compiling all the available data, and will initiate
field exploration after the winter season.

Dr. Duncan Large, Chartered Engineer (UK) and Eur. Geol., 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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