East Asia Minerals Corporation Restarts Exploration Program at Its Miwah Gold Project in Indonesia
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/28/13 -- East Asia Minerals Corporation (TSX VENTURE: EAS) ("East Asia Minerals" or "the Company") announces that it is restarting exploration at its Miwah Project located in Aceh Province of Indonesia. The Company announced on January 8, 2013, that it has received extensions of its licences (IUPs) at Miwah until November 30, 2014.
East Asia Minerals project geologists will begin with the onsite compilation of detailed geological and geotechnical field maps of the three Miwah IUPs and the Tangse IUP. These field maps will be evaluated and interpreted with the aim of providing mineralization extension targets both along strike and down dip at Miwah and initial scouting drill hole targets at Tangse. The new targets generated by the interpretation of this mapping shall be added to the 12,000 metres of drilling planned in the 2013 drilling program at the Miwah Project.
"We are very pleased to resume exploration at Miwah," said Ed Rochette, CEO of East Asia Minerals. "While we have previously identified a significant resource here, there were still several areas that required follow-up. This new exploration will help us understand the extent of the mineralization and the potential of further drilling to add to the resource base."
The Company is also working with several levels of government to change the forestry classification at parts of the Miwah Project. The Tangse IUP is not subject to any forestry classification restrictions.
Miwah is an epithermal gold project located on the northern tip of Sumatra Island in the province of Aceh in Indonesia. In May 2011, the Company completed an NI 43-101 technical report on the property, which identified an Inferred Resource of 3.14 million ounces of gold and 8.95 million ounces of silver in near and at surface mineralization. The resource estimate was made using a 0.20 grams per tonne gold cut-off and an estimated 103.9 million tonne resource averaging 0.94 grams per tonne of gold and 2.68 grams per tonne of silver.
About East Asia Minerals Corporation
East Asia Minerals (TSX VENTURE: EAS) is an Asian-based, Canadian mineral exploration company with gold and copper exploration properties in Indonesia, and uranium exploration properties in Mongolia. In Indonesia, the Company has a 70% to 85% interest in three advanced gold and gold-copper properties located in Aceh Province, Sumatra, and Sangihe Island, North Sulawesi. The Company owns six uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and two phosphate properties in Mongolia. Its shares are listed for trading on the TSX Venture Exchange under the symbol "EAS".
Frank Rocca, AusIMM, Vice President Exploration of the Company, and a qualified person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.
For further information, visit the Company's website at www.EAminerals.com.
East Asia Minerals Corporation
Edward Rochette, Chairman & CEO
To receive or stop receiving EAS news via email, please email Info@EAminerals.com and state your preference in the subject line.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Contacts: TMX Equicom Craig MacPhail 416-815-0700, ext. 290 cmacphail@tmxequicom.com
Source: East Asia Minerals Corporation
East Asia Minerals project geologists will begin with the onsite compilation of detailed geological and geotechnical field maps of the three Miwah IUPs and the Tangse IUP. These field maps will be evaluated and interpreted with the aim of providing mineralization extension targets both along strike and down dip at Miwah and initial scouting drill hole targets at Tangse. The new targets generated by the interpretation of this mapping shall be added to the 12,000 metres of drilling planned in the 2013 drilling program at the Miwah Project.
"We are very pleased to resume exploration at Miwah," said Ed Rochette, CEO of East Asia Minerals. "While we have previously identified a significant resource here, there were still several areas that required follow-up. This new exploration will help us understand the extent of the mineralization and the potential of further drilling to add to the resource base."
The Company is also working with several levels of government to change the forestry classification at parts of the Miwah Project. The Tangse IUP is not subject to any forestry classification restrictions.
Miwah is an epithermal gold project located on the northern tip of Sumatra Island in the province of Aceh in Indonesia. In May 2011, the Company completed an NI 43-101 technical report on the property, which identified an Inferred Resource of 3.14 million ounces of gold and 8.95 million ounces of silver in near and at surface mineralization. The resource estimate was made using a 0.20 grams per tonne gold cut-off and an estimated 103.9 million tonne resource averaging 0.94 grams per tonne of gold and 2.68 grams per tonne of silver.
About East Asia Minerals Corporation
East Asia Minerals (TSX VENTURE: EAS) is an Asian-based, Canadian mineral exploration company with gold and copper exploration properties in Indonesia, and uranium exploration properties in Mongolia. In Indonesia, the Company has a 70% to 85% interest in three advanced gold and gold-copper properties located in Aceh Province, Sumatra, and Sangihe Island, North Sulawesi. The Company owns six uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and two phosphate properties in Mongolia. Its shares are listed for trading on the TSX Venture Exchange under the symbol "EAS".
Frank Rocca, AusIMM, Vice President Exploration of the Company, and a qualified person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.
For further information, visit the Company's website at www.EAminerals.com.
East Asia Minerals Corporation
Edward Rochette, Chairman & CEO
To receive or stop receiving EAS news via email, please email Info@EAminerals.com and state your preference in the subject line.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.Contacts: TMX Equicom Craig MacPhail 416-815-0700, ext. 290 cmacphail@tmxequicom.com
Source: East Asia Minerals Corporation
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