In the coming weeks, a second drill rig will be flown by helicopter to the Miwah gold project in Indonesia’s Aceh province to fast-track the delivery of drill data required for a National Instrument 43-101 resource estimate for East Asia Minerals (EAS-V).
The company has drilled more than 900 metres of strike length along its shallow, 1.2-km-long main gold zone at Miwah in northern Sumatra. So far, exploration drilling has struck wide intercepts of gold mineralized rock in all of the drill holes and the main zone remains open in all directions.
The most recent results come from drill hole EMD012A, which returned 1.28 grams gold over 183.5 metres, including 2.11 grams over 77.7 metres.
The hole was collared 165 metres east-northeast of previous drilling in hole EMD008, which cut 2.11 grams gold over 100 metres, including 4.81 grams gold over 30 metres.
EMD012A was designed to test the eastern extension of gold mineralization found in holes EMD008/011 and in surface sampling where a set of normal faults were interpreted to down-drop the gold zone in a series of steps toward the eastern limit of the zone’s exposure.
The laterally extensive, near-horizontal layer of gold mineralization has now been drill validated for over 900 metres of strike length. The company believes that hole EMD012A supports the interpretation of an extensive, higher grade sub-horizontal layer, grading 2 grams gold to 5 grams gold in the upper levels of the system.
Mineralization in EMD012A is open in all directions and at depth, and is thought to be contiguous westward to surface, towards EMD008/011.
The Miwah gold prospect was partially defined in 1997 by a previous explorer, who drilled 3,000 metres in eleven holes. All holes drilled during that program intersected significant alteration and mineralization with intercepts including 71 metres of 1.4 grams gold and 58 metres of 1.1grams gold, East Asia reports.
At press-time East Asia was trading at $2.10 per share.
Over the last year the company has traded between a low of 13¢ per share on Dec. 16, 2008 and $3.10 per share on Aug. 24, 2009.
East Asia has 66.1 million shares outstanding.
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