This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:East Asia Minerals completes Miwah's phase 2 drill plan 2009-11-03 09:28 ET - News Release Mr. Michael Hawkins reports
EAST ASIA COMPLETES PLANNING FOR NI43-101 RESOURCE DRILLING AT MIWAH
East Asia Minerals Corp. confirms that planning has been completed for phase 2 diamond drilling at the Main Miwah gold zone. The phase 2 program will begin immediately upon the completion of hole EMD013, which marks the end of the phase 1 program. Based on the strong and consistent gold mineralization encountered to date, the phase 2 program is designed to provide drill results required to complete a National Instrument 43-101-compliant resource estimate. A second rig is planned to arrive at Miwah prior to year-end, with the intention to complete the NI 43-101 resource estimate drilling by midyear 2010. The company is well financed to undertake much of the planned drilling. To date more than 700 metres of strike length have been drilled and assay-validated by East Asia Minerals along the shallow, laterally extensive 1.2-kilometre-long Main Miwah gold zone. In addition, the drill rig has been stepped out a further 140 metres to the east, where EMD012 has been completed after drilling a wide intercept of visually altered and mineralized rock. EMD013 is currently progressing in similar visually altered and mineralized rock (refer to map on company's website). The Miwah project demonstrates a robust gold system that continues to grow rapidly and that has provided a 100-per-cent hit rate of strong gold values. Drilling in the Main Miwah gold zone has also demonstrated a laterally extensive, higher-grade near-horizontal layer grading two to five grams per tonne (g/t) gold in the upper levels of the mineralized system. The remainder is available to Stockwatch subscribers.
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