Vancouver, Feb 20, 2008 AEST (ABN Newswire) - East Asia Minerals Corporation (TSXV-EAS) is pleased to report that drilling on the outcropping and sub-horizontal Abong Jasperoid within the Barisan Property, Aceh Province, Indonesia, continues to intersect significant, near surface epithermal gold mineralization. Drill hole ABD-05 intersected 2.32 g/t gold over 8.0 metres from 1.0 metres depth, ABD-06 intersected 1.42 g/t gold over 10.0 metres, and ABD-07 intersected 2.24 g/t gold over 12.0 metres from surface.
East Asia Minerals' drilling of ABD-01 to 06 has provided consistent results along a shallow dipping, near-surface section greater than 500 metres in length. These holes were drilled along a northeast line in the central area of the historically defined mineralization (view map at www.EAminerals.com) and continue to prove up the western extension of the jasperoid mineralization. The mineralization remains open in all directions.
The Company collared drill hole ABD-07 approximately 550 metres to the northwest of section ABD-01 to 06, to commence testing in the area of the Bintang Breccia Prospect. Recent mapping has demonstrated that the aerially extensive gold mineralized Abong Jasperoid continues northwest to and past the Bintang Breccia Prospect, and to the southeast past the Fikri Breccia Prospect. This significantly increases the extent of the previously interpreted mineralized jasperoid horizon.
Abong drill assays to date
Drill Hole From (m) To (m) Interval (m) Gold (g/t)
ABD-1 21.0 31.0 10.0 2.81
ABD-2 63.0 73.0 10.0 1.78
ABD-3 14.0 23.0 9.0 4.84
ABD-4 1.0 8.0 7.0 0.23
ABD-5 1.0 9.0 8.0 2.32
ABD-6 21.0 38.0 17.0 1.02
Including 22.0 32.0 10.0 1.42
ABD-7 0.0 12.0 12.0 2.24
The Abong program is drilling holes at 150 to 200 metre centres to more completely delineate the historically outlined stratabound epithermal gold mineralization that apparently occurs over an area of at least 1,500 metres by 550 metres. A speculative non-NI43-101 compliant resource of 40 to 60 million tonnes grading 1.0 to 1.5 g/t gold, for a total of approximately 1.5 million ounces of gold, was estimated by two major mining companies which drilled 28 holes, 20 to 120 metres deep, on the Abong Jasperoid Prospect in the mid 1990's (October 30, 2007 news release). East Asia Minerals is encouraged that the jasperoid intercepts of stratabound mineralization it is encountering are substantially higher grade than the historic reported average.
ABD-05 to 07, similar to previously reported ABD-01 to 03 (January 28,
2008 news release), targeted the main Abong Jasperoid horizon.
Reconnaissance drill hole ABD-04 was drilled off section and collared in the footwall of the Jasperoid to test an area of complex structural deformation. This hole encountered elevated gold immediately in the footwall of the main Jasperoid horizon.
At the Bintang Breccia Prospect, trench sampling by East Asia Minerals over a 350 x 250 metre area encountered several significant intervals of gold mineralization including 8.0 metres at 12.11 g/t gold (January 14, 2008 news release). This sampling is immediately southeast of an area approximately 400 x 100 metres grading greater than 5 g/t gold, outlined by previous senior explorers within a 750 x 450 metre mineralized area of exposed breccia in sediments.
Samples reported were assayed at Intertek Laboratories in Jakarta.
Lionel Martin, P.Geo, 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 historic resource reference and is not treating it as a NI 43-101 defined resource verified by a QP.
Although the historical reference of resource potential is relevant to recognizing the potential of the Abong projects, it should not be relied upon.
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.
FOR FURTHER INFORMATION, visit the Company's website at www.EAminerals.com
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