Vancouver, Jan 9, 2008 AEST (ABN Newswire) - East Asia Minerals Corporation (TSXV-EAS) is pleased to report that its initial drilling on the Binebase Prospect at the Sangihe Property, Indonesia, encountered significant, near surface epithermal gold and silver mineralization in all holes completed to date. Drill hole BID-13 intersected 35.95 metres of 4.03 g/t gold and 188.28 g/t silver from 8.0 metres depth, including 22.0 metres of 5.74 g/t gold. Drill hole BID-12 intersected 42.35 metres of 1.34 g/t gold and 107.54 g/t silver from 4.0 metres depth, and BID-11 returned 45.0 metres of 1.28 g/t gold and 50.51 g/t silver from surface.
The Binebase Prospect is located approximately one kilometre along strike from, and probably contiguous with the Bawone Prospect, where initial drilling conducted by East Asia Minerals has returned up to 95.0 metres of 2.15 g/t gold and 31.6 metres of 3.75 g/t gold (October 16, November 19 and December 3, 2007 news releases).
Drilling is planned to continue throughout 2008 at the Binebase and Bawone Prospects, where the near surface gold and silver mineralization remains open along strike in both directions. The objective is to complete NI43-101 compliant resource definition. Preliminary interpretation of a recently completed geophysics program (induced polarization) over the 1.2 kilometres between these zones has confirmed the potential that these prospects may connect. 2007 trenching by the Company approximately 400 metres northwest of Bawone, in the shallow covered area between Binebase and Bawone, opened a small window through the volcanic ash tuff cover and exposed mineralization grading 2.90 g/t gold and 10.0 g/t silver (July 17, 2007 news release). This provides the Company with further evidence of continuity between the prospects.
Binebase Drill Assay Highlights-------------------------------------------------------Drill Hole From To Interval Gold Silver Copper (m) (m) (m) (g/t) (g/t) (%)-------------------------------------------------------*BID-11 0.00 45.00 45.00 1.28 50.51 0.04 BID-12 4.00 46.35 42.35 1.34 107.54 0.20Including 8.00 33.00 25.00 2.03 159.96 0.11BID-13 8.00 43.95 35.95 4.03 188.28 0.09Including 9.00 31.00 22.00 5.74 121.64 0.04-------------------------------------------------------
*Note - BID-11 under reports the composite grade due to 3.95 metres (in 4 intervals) of no core recovery being assigned a zero value for the composite calculation.
BID-11 was collared approximately 1 kilometre northwest and along structural strike of the Bawone Prospect, to test significant trench results which included 2.00 g/t gold over 62.0 metres, 1.98 g/t gold over 45.5 metres, and 2.28 g/t gold over 28.5 metres (December 3, 2007 news release). The hole was drilled with a northwest inclination to a depth of 142.10 metres (refer to the Company's website at www.EAminerals.com for a plan view of drilling).
BID-12 was drilled 260 metres west-southwest of BID-11, where previous East Asia trenching results included up to 32.0 metres of 4.18 g/t gold and 38.0 g/t silver (October 18, 2007 news release). The hole was drilled with a north-northwest inclination to a depth of 46.35 metres.
BID-13, a scissor hole, is located 40 metres to the north-northwest along section of BID-12 and was drilled to a depth of 211.35 metres with a south-southeast azimuth. In addition to the higher grade near surface zone reported in this
press release, low grade gold and silver mineralization was encountered throughout drill hole BID-13. Significant zones of no recovery on the margins of the reported intervals may have also resulted in the under reporting of the grade interval.
The drill is currently active at the Binebase Prospect. An additional two holes have been completed and have intersected wide zones of the expected favourable strongly mineralized and altered rock. Assays are pending.
"We are greatly encouraged by the Sangihe Property where we continue to demonstrate the veracity and upside of the historic gold zones", stated Michael Hawkins, President and CEO of EAS. "The gold mineralization remains consistent and we are confident we will continue to enhance the potential of the Bawone and Binebase Prospects, while possibly adding to the potential for additional gold between these two zones and elsewhere on the large Sangihe Property. We are well on track to outline NI43-101 compliant resources at Sangihe during 2008, and are encouraged that we are also in progress for the same at our Abong area in Aceh Province where drilling has commenced and we expect to announce the first assay results in the coming weeks".
Samples reported were assayed at PT SGS Indoassay (SGS Group) in Balikpapan. Lionel Martin, P.Geo, 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 uranium, gold and copper assets in Mongolia and Indonesia. The Company owns the Ingiin-Nars, Ulaan Nuur and Enger uranium properties and a 75% interest in the Khok Adar copper oxide discovery in Mongolia. In Indonesia, it has a 70 to 85% interest in five advanced gold and gold-copper properties located in Aceh Province in Sumatra and North Sulawesi. East Asia currently has 55,640,372 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.
About East Asia Minerals Corporation
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