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Initial drilling at East Asia Minerals’ extensive, flat-lying Abong Jasperoid within the Barisan Property in Aceh Province, Indonesia, has encountered significant, near surface epithermal gold mineralization.
One hole intersected 2.81 grams/tonne gold over 10m, another 1.78 grams/tonne gold over 10m and another 4.84 grams/tonne gold over 9m. This initial, ongoing program is drilling holes at 150 to 200m centres to more completely delineate historically outlined, shallow dipping strata-bound epithermal gold mineralization that apparently occurs over an area of at least 1500m by 550m. The reported holes were drilled along a north-east trending section in the centre of the historically defined mineralization and prove the western down dip extension of shallow dipping jasperoid mineralization beneath a thin veneer of mudstone. Based on mapping, trenching and extensive sampling by East Asia Minerals, and on historic drill data, the zone is open in several directions. Two major mining companies drilled 28 holes, 20 to 120m deep, on the Abong Jasperoid Prospect in the mid 1990s. A speculative non-NI43-101 compliant resource of 40 to 60 million tonnes grading 1.0 to 1.5 grams/tonne gold, for a total of about 1.5 million ounces of gold, was estimated by these companies. In 2007 East Asia Minerals collected 420 channel samples of generally 1m length that returned an average of 1.24 grams/tonne gold, with a high of 47.7 grams/tonne gold. The latest drill results further demonstrate the veracity of the historic work. East Asia president and CEO Michael Hawkins says: "Our results demonstrate the potential to quickly outline gold mineralization in an exposed and shallow covered tabular body. "We are greatly encouraged that drilling of our Aceh Province portfolio has started with such promising gold results. In addition to being on track to outline NI43-101 compliant resources at Sangihe, North Sulawesi Province, during 2008, we are now well in progress for the same at our Abong area. “We are particularly encouraged by the consistency of mineralization in the Abong Jasperoid and that the grades we are encountering, whilst over similar widths, are significantly higher than those reported by previous explorers." www.EAminerals.com |