Extensions to the licences at East Asia’s Miwah project in Aceh province on Sumatra have been granted, prompting the company to restart exploration at the site. The licences are now valid until November 30, 2014 and East Asia has planned a major drill program during the next 12 months covering 12,000 metres.
Project geologists have begun compiling detailed geological and geotechnical field maps of the three main licence areas at Miwah and one at Tangse. East Asia’s chief executive officer Edward Rochette says 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.
“We are very pleased to resume exploration at Miwah. 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,” he says.
The Canadian company is also working with several levels of government to change the forestry classification at parts of the Miwah project. The Tangse permit is not subject to any forestry classification restrictions.
Miwah is an epithermal gold project on the northern tip of Sumatra. An NI 43-101 technical report on the property in 2011 identified an inferred resource of 3.14 million ounces of gold and 8.95 million ounces of silver in near and at surface mineralization.