East Asia hits it big again at Miwah

Vancouver – East Asia Minerals (EAS-V) seems to have the Midas touch in Indonesia: the company strikes long, high-grade gold intercepts anywhere it points the drill at the Miwah project.

The latest two drill results from the project sent the company’s stock to another record high, putting the stock price more than twelve times higher than it was a year ago.

Hole 18, 20, and 21, all cut from the same collar, are in the northwest area of the Miwah Gold zone in an area called the Miwah Bluff. The company is continuing to explore the edges of known mineralization at the project in Aceh Province, North Sumatra, especially in the Bluff zone.

Hole 20, angled south, cut 108.2 metres grading 2.12 grams gold per tonne, starting at 77.3 metres and including 46.7 metres grading 3.34 grams gold. Hole 18, angled north and the results of which had already been partially reported, intersected 116 metres grading 2.18 grams gold starting at 39 metres and included 61 metres grading 3.28 grams gold. The lowest portion of hole 18 is still awaiting analysis.

Hole 21, angled southwest, hit 157 metres grading 1.36 grams gold and included 59.1 metres grading 2.15 grams gold. The hole was cut to test the extension of vuggy silica alteration intercepted in holes 19 and 20 and it ended in mineralization at 200 metres depth. Gold mineralization is open to depth and to the north and west, and the company interprets it to be contiguous in all other directions.

The company is also reporting that the main mineralized body is underlain by a newly recognized secondary zone of intermittent massive, vuggy silica and alunite alteration from 215.5 metres to 299.5 metres. East Asia interprets this as representing a stratiform layer underlying the laterally extensive main Miwah gold zone.

East Asia’s share price was up 38¢ on the day to close at $5.17 after hitting a peak of $5.23. The company’s 52-week share price is between 43¢ and $5.23, with 71.4 million shares outstanding.