Baru Gold Aktie

http://www.finanznachrichten.de/nachrichten-2012-09/24627951-east-asia-minerals-enters-into-strategic-advisor-agreement-with-dr-fadel-muhammad-256.htm

 

ask bei € 0,27

East Asia Minerals Encounters 3.2 g/t Gold Over 34 Metres Within 172 Metres Grading 1.21 g/t Gold, Firmly Connecting Miwah Bluff and Block M VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 21, 2011) - East Asia Minerals Corporation (TSX VENTURE:EAS) announces that drilling has firmly established the connection between Block M and Miwah Bluff at the Miwah Main Zone in Aceh Province, Northern Sumatra, Indonesia. EMD059 encountered 1.21 g/t gold over 172 metres, including 3.2 g/t gold over 34 metres, 145 metres north of recently announced EMD058. In addition ongoing drilling has clearly demonstrated that the gold-hosting Miwah horizon continues north past the initial resource estimate block towards Moon River, providing immediate upside potential for future resource expansion. The Company also reports; assays for drill holes EMD059 to 061, geological updates for completed holes EMD062 to 063 (assays pending), updates for in-progress drill holes EMD064 to 067. EMD059 was drilled with a 270 degree azimuth and 50 degree dip to infill alteration and mineralization between Block M and Miwah Bluff to the north of EMD058. The hole was completed at 400.2 metres and encountered 1.21 g/t gold from 129 to 301 metres (172 metres) including 3.2 g/t gold from 162.5 to 196.5 metres (34 metres). EMD059 is approximately 145 metres due north of the EMD058 intersection, which assayed 1.46 g/t gold over 159.5 metres including 2.28 g/t gold over 95 metres, and firmly establishes continuity between the eastern and western blocks of the Miwah Main Zone. EMD060 was drilled with a 30 degree azimuth and 50 degree dip to test alteration and mineralization northeast of Block M towards Moon River. The hole was completed at 350.9 metres and encountered 0.40 g/t gold from 39.5 to 147 metres (107.5 metres) including 0.95 g/t gold from 57 to 90 metres (33 metres). The results support continuation of the favourable gold-hosting Miwah Horizon north towards Moon River and extending past the initial Miwah Main Zone resource block. EMD061 was drilled with a 40 degree azimuth and 60 degree dip in the west extreme of the resource estimate block. The hole was completed in mineralization at 211.8 metres and encountered 0.47 g/t gold from 44 to 53 metres (9 metres) and 0.34 g/t gold from 194 to 211.8 metres (17.8 metres). EMD062 was drilled with a 225 degree azimuth and 70 degree dip to infill alteration and mineralization south of EMD058. The hole was completed at 311.2 metres and encountered favourable alteration/mineralization from 6.6 to 43.3 metres, 108.2 to 150.3 metres, 201.9 to 240.7 metres, 243.5 to 252.9 metres, and 277 to 287.9 metres. Assays are pending. EMD063 was drilled with a 150 degree azimuth and 60 degree dip to test the northwest extension of alteration and mineralization intersected in EMD061. The hole was completed at 201.4 metres and encountered favourable alteration/mineralization from 75 to 113.3 metres, 119.1 to 124.1 metres, and 137.8 to 161.6 metres. Assays are pending. EMD064 is being drilled with a 346 degree azimuth and 50 degree dip to infill lithology and alteration between Block M and Moon River. Drilling to date has encountered significant favourable alteration/mineralization intercalated throughout moderately to lesser altered host rock from 15.6 metres to the current depth of 245 metres where it is progressing well. The results support continuation of the favourable gold-hosting Miwah Horizon north towards Moon River and extending past the initial Miwah Main Zone resource block. EMD065 is being drilled with a 45 degree azimuth and 50 degree dip to infill lithology and alteration between Block M and Moon River. The hole entered favourable alteration/mineralization at 101.4 metres, within which it continued to the current depth of 218 metres where it is progressing well. The results support continuation of the favourable gold-hosting Miwah Horizon north towards Moon River and extending past the initial Miwah Main Zone resource block. EMD066 has just commenced with a 280 degree azimuth and 60 degree dip to test the west extension of alteration and mineralization intersected in EMD061, reaching west past the initial Miwah Main Zone resource block. EMD067 is being prepared for drilling with a 310 degree azimuth and 55 degree dip to infill resource block lithology and alteration to the north of EMD026 and EMD059. (Refer to Miwah drill hole location map at www.EAminerals.com). East Asia has diamond drill validated the 1.2 kilometre east-west outcropping width of the shallow, laterally extensive Miwah Main Zone, and has encountered significant gold mineralization in more than 95% of all holes analyzed to date. The Miwah Main Zone remains open in all directions with the Moon River area expanding the north-south potential to more than 700 metres, whilst remaining open further to the north towards Sipopok. Drilling has extended the Miwah Main Zone towards a similar northing as Moon River. Sampling west of the Miwah Main Zone in the Signal area has potentially expanded the east-west width another 600 metres and remains open. Recent sampling east of the Miwah Main Zone in the East Block M area has potentially expanded the east-west width another 400 metres and remains open. Samples reported were assayed at Intertek assay laboratories in Jakarta. Lionel Martin, P.Geo., the designated QP within the meaning of NI 43-101, has reviewed and approves the content of this release. 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 six advanced gold and gold-copper properties located in Aceh Province, Sumatra, and Sangihe Island, North Sulawesi. The Company owns seven uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and two phosphate properties in Mongolia. East Asia currently has 77,089,872 shares outstanding. Its shares are listed for trading on the TSX Venture Exchange under the symbol "EAS". Forward Looking Statements - This News Release contains forward looking information within the meaning of the British Columbia Securities Act, 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.

East Asia Minerals Confirms Connection Between Miwah Bluff and Block M With 2.28 g/t Gold Over 95 Metres Within 159.5 Metres Grading 1.46 g/t Gold VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 15, 2011) - East Asia Minerals Corporation (TSX VENTURE:EAS) reports that the NI43-101 resource drilling program at the Miwah Main Zone in Aceh Province, Northern Sumatra, Indonesia, continues to be on schedule with completion of the initial estimate expected early Q2, following which, exploration drilling will continue in order to expand on the initial resource. Recent highlights include EMD058 which encountered 1.46 g/t gold over 159.5 metres, including 2.28 g/t gold over 95 metres, confirming the connection between Miwah Bluff and Block M. The Company also reports: /T/ -- assays for drill holes EMD055, EMD057, EMD058, -- geological updates for completed holes EMD059 to 061, EMD063 (assays pending), -- updates for in-progress drill holes EMD062, EMD064 to 066. /T/ EMD055 was drilled with a 272 degree azimuth and 30 degree dip in the eastern area of the Miwah Main Zone to infill alteration and mineralization between Block M and Moon River. The hole was completed at 352 metres and encountered 0.54 g/t gold from 64 to 198 metres (134 metres) including 1.26 g/t gold from 148 to 176 metres (28 metres), followed by 0.48 g/t gold from 224 to 253 metres (29 metres). EMD057 was drilled with a 195 degree azimuth and 70 degree dip in the southeast extreme of the outcropping Miwah Main Zone to test south-southwest along section from EMD056. The hole was completed at 200.2 metres and encountered 0.97 g/t gold from 2 to 11 metres (9 metres), 0.3 g/t gold from 39 to 67 metres (28 metres), and 0.26 g/t gold from 145.5 to 200.2 metres (54.7 metres) including 0.6 g/t gold from 145.5 to 154.5 metres (9 metres). EMD058 was drilled with a 258 degree azimuth and 50 degree dip to infill alteration and mineralization between Miwah Bluff and Block M, and successfully confirmed the connection. The hole was completed at 300.5 metres and encountered 1.46 g/t gold from 133 to 292.5 metres (159.5 metres) including 2.28 g/t gold from 133 to 228 metres (95 metres), 3.09 g/t gold from 144 to 165 metres (21 metres), 3.49 g/t gold from 175 to 196 metres (21 metres), and 0.78 g/t gold from 272 to 292.5 metres (20.5 metres). EMD059 was drilled with a 270 degree azimuth and 50 degree dip to infill alteration and mineralization between Miwah Bluff and Block M to the north of EMD058. The hole was completed at 400.2 metres and encountered favourable alteration/mineralization from 49.5 to 81.2 metres, 115.4 to 119.5 metres, 127.8 to 134.5 metres, 146.4 to 331 metres and 362.2 to 386.3 metres. Assays are pending. EMD060 was drilled with a 30 degree azimuth and 50 degree dip to infill alteration and mineralization between Block M and Moon River. The hole was completed at 350.9 metres and encountered favourable alteration/mineralization intercalated throughout the full length with major intervals from 67.1 to 90.6 metres, 126.4 to 150 metres, and 221.3 to 230.7 metres. Assays are pending. EMD061 was drilled with a 40 degree azimuth and 60 degree dip in the west extreme of the resource estimate block. The hole was completed at 211.8 metres and encountered favourable alteration/mineralization from 40.1 to 79.5 metres, and 192.9 to 211.8 metres where the hole ended in mineralization due to drill rig limitations. Assays are pending. EMD062 is being drilled with a 225 degree azimuth and 70 degree dip to infill alteration and mineralization south of EMD058. EMD063 was drilled with a 150 degree azimuth and 60 degree dip to test the northwest extension of alteration and mineralization intersected in EMD061. The hole was completed at 201.4 metres and encountered favourable alteration/mineralization from 75 to 113.3 metres, 119.1 to 124.1 metres, and 137.8 to 161.6 metres. Assays are pending. EMD064 is being drilled with a 346 degree azimuth and 50 degree dip to infill lithology and alteration between Block M and Moon River. EMD065 is being drilled with a 45 degree azimuth and 50 degree dip to infill lithology and alteration between Block M and Moon River. EMD066 is being drilled with a 280 degree azimuth and 60 degree dip to test the west extension of alteration and mineralization intersected in EMD061. (Refer to Miwah drill hole location map at www.EAminerals.com). East Asia has diamond drill validated the 1.2 kilometre east-west outcropping width of the shallow, laterally extensive Miwah Main Zone, and has encountered significant gold mineralization in more than 95% of all holes analyzed to date. The Miwah Main Zone remains open in all directions with the Moon River area expanding the north-south potential to more than 600 metres, whilst remaining open further to the north towards Sipopok. Drilling has extended the Miwah Main Zone towards a similar northing as Moon River. Sampling west of the Miwah Main Zone in the Signal area has potentially expanded the east-west width another 600 metres and remains open. Recent sampling east of the Miwah Main Zone in the East Block M area has potentially expanded the east-west width another 400 metres and remains open. Samples reported were assayed at Intertek assay laboratories in Jakarta. Lionel Martin, P.Geo., the designated QP within the meaning of NI 43-101, has reviewed and approves the content of this release. 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 six advanced gold and gold-copper properties located in Aceh Province, Sumatra, and Sangihe Island, North Sulawesi. The Company owns seven uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and two phosphate properties in Mongolia. East Asia currently has 77,089,872 shares outstanding. Its shares are listed for trading on the TSX Venture Exchange under the symbol "EAS". Forward Looking Statements - This News Release contains forward looking information within the meaning of the British Columbia Securities Act, 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. 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. http://www.digitaljournal.com/pr/247829

East Asia Minerals Announces Intention to Spin Out Assets to Shareholders East Asia Minerals Corporation (TSX VENTURE:EAS) is pleased to announce that its Board of Directors has today approved the implementation of a series of value enhancing transactions that, subject to applicable regulatory and other approvals, will result in eligible East Asia shareholders owning shares in four (4) separate companies. East Asia Minerals has recently set up three new wholly owned subsidiaries to which it will transfer most of its non-Miwah assets. The Company expects to undertake an internal reorganization and work with the appropriate authorities and its joint venture partners to transfer the non-Miwah assets from East Asia Minerals to these new wholly owned subsidiaries: Sangihe Gold Corporation is to become a precious metals exploration company focused on Eastern Indonesia. It will initially hold East Asia Minerals' 70% equity interest in the Sangihe gold project in North Sulawesi, Indonesia. The Sangihe project has an NI 43-101 compliant inferred resource of 1,075,263 ounces of gold equivalent (news release September 22, 2010). Barisan Gold Corporation is to become a gold-copper porphyry exploration company focused on Indonesia. It will initially hold East Asia Minerals' 80% equity interest in the Barisan gold-copper porphyries (including the Abong epithermal gold deposit) and East Asia Minerals' 75% equity interest in the Takengon gold-copper project, all located in Aceh Province, Indonesia. The Upper Tengkereng prospect at Barisan returned an interval of 40 metres at 1.46g/t gold and 0.48% copper within a 691-metre fully mineralized hole with 0.39g/t gold and 0.30% copper in UTD002 (news release January 17, 2011). East Asia Energy Corporation is to become a Mongolian mining and energy company. It will initially hold all of East Asia Minerals' Mongolian assets, which consist of early stage uranium and phosphate projects. The directors and senior management teams of Sangihe Gold, Barisan Gold and East Asia Energy will consist of current directors and senior officers of East Asia Minerals. Upon completion of the proposed internal reorganization and subject to applicable regulatory approvals, East Asia Minerals intends to distribute, by way of dividend-in-kind to current eligible East Asia shareholders, all of the shares in Sangihe Gold, Barisan Gold and East Asia Energy held by East Asia Minerals. Immediately following distribution of the dividend-in-kind, Sangihe Gold and Barisan Gold intend to conduct rights offerings to raise the balance of funds necessary to conduct their near-term exploration and development activities. The rights offerings will entitle eligible shareholders to acquire additional shares in Sangihe Gold and Barisan Gold. Michael Hawkins, President, CEO & Director of East Asia Minerals, commented: "With the continuing development of the large Miwah gold deposit, the significant value of our other assets has not been recognized. These transactions will allow our other assets, which we believe are potentially equally attractive to Miwah, to create their own market and raise their own funds to further exploration and add shareholder value." Mr. Hawkins added: "We strongly believe this is a clear case where the sum-of-the-parts is significantly greater than the current market value of East Asia Minerals. These transactions will create market values for the other assets which we believe are quite significant given the discoveries made to date and the remaining economic potential." East Asia Minerals anticipates completing these transactions by June 2011. The initial internal reorganization is expected to be completed in March 2011, following which East Asia intends to file preliminary prospectuses with the Canadian securities regulatory authorities for Sangihe Gold, Barisan Gold and East Asia Energy which will contain detailed information on the new companies as well as the terms of the dividends-in-kind and rights offerings. Completion of the proposed transactions is subject to a number of conditions including the approval of the TSX Venture Exchange and other applicable securities regulatory authorities. To receive or stop receiving EAS news via email, please email info@eaminerals.com and state your preference in the subject line. 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 six advanced gold and gold-copper properties located in Aceh Province, Sumatra, and Sangihe Island, North Sulawesi. The Company owns seven uranium properties, including the advanced Ingiin-Nars, Ulaan Nuur and Enger uranium projects, and two phosphate properties in Mongolia. East Asia currently has 77,089,872 shares outstanding. Its shares are listed for trading on the TSX Venture Exchange under the symbol "EAS". Caution Regarding Forward Looking Statements Certain statements in this News Release, which are not historical in nature, constitute "forward looking statements" within the meaning of that phrase under applicable Canadian securities law. When used in this News Release, such statements use words such as "may", "will", "expect", "intend", "anticipate" and other similar terms. These statements reflect management's current assumptions and expectations regarding future results, performance or events as of the date hereof and by their nature are subject to certain underlying assumptions, known and unknown risks and uncertainties and other factors which may cause actual results, performance or events to be materially different from those expressed or implied by such forward looking statements. Forward looking statements involve significant risks and uncertainties and should not be read as guarantees of future or performance results. Accordingly, readers should not place undue reliance on any forward looking statement. Forward looking statements in this News Release include, among other things, statements regarding the proposed internal reorganization, dividend-in-kind and rights offerings, and the proposed terms, conditions, structure and consequences thereof to the Company and its security holders; the timing and receipt of approvals and consents; future exploration activities; and the adequacy of financial resources, among others. Forward looking statements are based on assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made. The Company believes that the assumptions and expectations reflected in such forward looking statements are reasonable. Assumptions have been made regarding, among other things, the Company's ability to reorganize its properties and interests to permit it to carry out the proposed transactions in an effective and reasonable manner; the Company's future exploration and development activities; timely receipt of third party or regulatory approvals; and the Company's ability to obtain financing as and when required and on reasonable terms. Readers are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used and that these factors and assumptions may be incomplete or incorrect. Forward looking statements are also subject to known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from those expressed or implied by such forward looking information. Those risks include 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; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory, permitting and licensing risks; and general market and mining exploration risks. Except as required by applicable securities laws, the Company disclaims any obligation to update or revise any forward looking statements to reflect events or changes in circumstances that occur after the date hereof. Forward looking statements should not be construed as investment advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to seek independent professional advice before making any investment decision. Caution Regarding U.S. Publication of Information in this News Release The information contained herein is not for publication or distribution into the United States. The materials set forth herein is for informational purposes only and is not intended, and should not be construed as, an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities described herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, or the laws of any state, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state laws. There is no intention to register any portion of the securities to be distributed pursuant to the proposed transactions in the United States or to conduct a public offering of securities in the United States. 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.