East Asia Minerals drills more gold at Miwah

Investors in East Asia Minerals (EAS-V, EAIAF-O) have watched the stock move from 12¢ a share in November 2008 to $3.10 per share in August 2009.

At mid-day in Toronto the stock was trading at $2.62 per share following new drill results from its Miwah gold project in Indonesia, a high-sulphidation epithermal gold system in northern Sumatra’s Aceh province.

The drill holes, EMD 009 and EMD101, appear to support the company’s interpretation of shallow, laterally extensive gold mineralization along the 1.2 km main gold zone at Miwah.

Drill hole EMD009 encountered 1.16 grams gold per tonne over 88 metres, including 2.06 grams gold per tonne over 21.2 metres.

EMD010 ended in mineralization and encountered 1.42 grams gold per tonne over 116.9 metres, including 3.14 grams gold per tonne over 28 metres.

The gold mineralized intersections are west and south of drill hole EMD008, which encountered 2.11 grams gold per tonne over 100 metres, including 4.81 grams gold per tonne over 30 metres.

So far East Asia Minerals has validated, through drilling, a strike length of more than 600 metres.

EMD009 is the second drill hole in the eastern part of the gold system. EMD009 was drilled west with a 245 degree azimuth and 55 degree dip, and completed at 206 metres downhole depth.

Gold mineralization was encountered from 86 to 174 metres downhole depth, including 2.06 grams gold per tonne from 88 to 109.2 metres. This hole was designed to test the extension of mineralization and alteration to the west of EMD008, where surface rock sampling returned 14 metres of 2.55 grams gold per tonne.

The mineralization in EMD009 is open in all directions and at depth,
and is interpreted to be contiguous upwards to the similar grade strong surface gold mineralization and to the east towards EMD008.

EMD010 was drilled southerly with a 150 degree azimuth and 65 degree dip, and completed within mineralization at end of hole (199.9 metres downhole depth) due to drill rig limitations. Gold mineralization was encountered from 83 to 199.9 metres, including 3.14 grams gold per tonne from 83 to 111.1 metres.

This hole confirmed the sub-horizontal gold mineralized layer in
the area of EMD008 and EMD009 is open at depth, and is interpreted to be contiguous to surface and towards EMD008 (2.11 grams gold over 100 metres, including 4.81 grams gold per tonne over 30 metres) and EMD009.

Holes EMD009 and EM010 were collared 90 metres higher in elevation than EMD001 to EM003, and continue to support the company’s interpretation of a laterally extensive, higher grade sub-horizontal layer, grading between 2 and 5 grams gold per tonne in the upper levels of the mineralized system.

Within the tabular zone East Asia has over 2,000 metres of rock sawn channel samples, which average 1.2 grams gold per tonne. In addition to the tabular zone the company has begun to characterize some of the diatreme breccia feeder zones, with rock sawn channel samples including 83.59 grams gold per tonne over 24 metres and 20.14 grams gold per tone over 12 metres.

East Asia Minerals has a 70% to 85% interest in six advanced gold and gold-copper properties in Aceh province, Sumatra, and on Sangihe Island in North Sulawesi. Two of these, the Sangihe (Binebase-Bawone) and Barisan 1 (Abong) gold projects are being advanced to define National Instrument 43-101 compliant resources.

The company also owns eleven uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, four phosphate properties, and a 75% interest in the Khok Adar copper oxide discovery in Mongolia.