East Asia Minerals reinitiates drilling program
Thursday, September 13 2012 - 01:32 AM WIB
Canadian mineral exploration company, East Asia Minerals Corporation announced the restart of the drilling program and continued development at the Sangihe project in Indonesia.
The decision to reinitiate the drilling program was made after the management completed site visit to the Sangihe project in late Augustus.
"We do not anticipate any permitting issues at Sangihe with respect to the upcoming exploration programs planned by Management and believe it's the perfect place for EAS to hit the re-start button. Management is extremely pleased with the site visit in late August and has taken steps to advance development of this project. This includes an evaluation of the proposed mine site, assimilation of information to plan the next steps for the project in addition to advancing relationships with the local government and community. The Company's goal is to have drills turning at Sangihe by the end of November". Edward Rochette, Chief Executive Officer with East Asia Minerals said.
The company has hired exploration and development staff to develop a drill campaign for this site.
The Company is evaluating the next stages and strategy for the project going forward, including an environmental impact assessment, metallurgical test work and feasibility studies.
In Indonesia , the company has a 70% to 85% interest in three advanced gold and gold-copper properties located in Aceh Province , Sumatra , and Sangihe Island , North Sulawesi.
Editing by Adianto P. Simamora