Smart Investment - mexicomike.ca

[coach247]

I am disgusted by the market reaction to the news today, as I expected much more. The problem is that one house is dumping a huge amount of paper into the market through Anonomous, now a net seller of more than 200,000 shares on the day. Haywood was the broker involved in the financing a couple years ago, and they pulled off a cross of more than 120,000 shares earlier in the day as well. I think we are going to see more than 1 million shares change hands, but it appears that the overhang of institutional paper is going to keep this one locked down.

I noticed earlier in the month that big blocks of shares were showing up to hold the stock down. I have no explanation to offer why a house would dump so much paper to keep a stock from rising. Some may suggest they are just selling on the news, but then why not sell your paper in small lots at higher prices to realize a bigger gain? This is being done with a purpose, and perhaps some of the houses that are doing the most buying are also selling under Anonomous to cap it in a cheap range.

What will have to happen to get the market excited is a NR that states: Hey YOU MORONS! We are giving you a dividend that is worth more than the entire market cap of the company!

Absolutely mind boggling that we can get news like this transaction and not see the stock make significant gains.

cheers!

mike
_________________
Its only a gambling problem if you are losing...

[coach247]

Hi Dajets!

Funny you mention UC Resources... I am not all at impressed with how things have gone for that company lately, but I could see UC pulling off a deal of the same magnitude as EAS someday. That James Bay Lowlands project at McFaulds Lake they have optioned could be a billion dollar asset if things go well on the drilling, and I hear that several majors are already in line with CA agreements signed. UC could be the next big winner in the junior buyout sweepstakes. I say that not because the company is a sponsor of the website, and not because I own nearly a quarter million shares, but because investors are sometimes wise to hang in there with big disappointments, as long as the companies control projects with big deposit potential. UC could easily rise from the dead to surpass $1 a share this year, and become a monster success story in the future, even though it appears to stink to high heaven right now.

cheers!

mike
_________________
Its only a gambling problem if you are losing...

[Dajets97]

Congrats to those that were able to hold on through the tough times. Looks like you've hit the home run on this one. I for one wasn't so patient and I sold last May for a huge loss and went into UC Resources instead. Can you say lose-lose. I just hope I've learned my lesson.

[coach247]

EAS has been a sleeper for several years but I think that episode is now officially over. This news is fantastic for shareholders. The deal to sell just one property has generated more cash than the entire company is worth at the current market price. I expect once the stock resumes trading on Monday, that will change very quickly. In fact, I think anyone that hits a market buy order on Monday at the open will do very well based on the closing price next week. That is about as close to a buy recco as I will ever issue on this site. And for personal disclosure, I own 17,000 shares of EAS and I am going to sell just 2000 shares @ $2.49 to clear up some margin availability and I will let the rest ride.

The deal was closed with a private uranium company, Areva. I used to work with one of their subsidiaries, Cogema, in Saskatchewan. It is great to have a partnership with a legitmate senior uranium player like Areva, and the terms of the transaction require that any uranium production from the other projects controlled by EAS will be offerred to the market through Areva first. Think about that... It means that Areva is very confident that these other projects will some day be producers. I will not be surprised to see Cogema become a player in this arrangement sometime in the future.

Also, the transaction of $83 million for a property that has no documented compliant uranium resource should put some kind of value on the other projects that EAS controls. I suspect that the intrinsic value of the suite of properties will go up pretty quick now.

The deal has put a huge dividend on the table for shareholders. I thinkthe dividend is only payable to issued and outstanding shares, and that maybe amounts to 45 million shares in total. If 85% of $83 million is approved for payout, that would work out to around $70 million, and about $1.50 per share. Anyone want to guess where the price of EAS stock is going when it resumes trading?

After the dividend payout, EAS will still be one of the better capitalized juniors on the Venture, with about $15 million in the treasury to fund aggressive exploration work on the other projects. So there will be some upside built into the equation just on the news flow that we can look forward to in the months ahead. Keep in mind that several of the copper prospects have enourmous intervals of high grade copper that have already been documented and remain open for further expansion.

I am excited as hell about this. What a great way to finish off a shitty week on the markets. I cant wait for Monday.

cheers!

mike
_________________
Its only a gambling problem if you are losing...

[jay10000]

http://www.eaminerals.com/s/Ne.....C-To-Se...

July 27, 2007
East Asia Minerals Signs Agreement With CFMM (A Subsidiary Of Areva NC) To Sell Mongolia Ooshiin Govi Uranium Property For CAD$83Million

--------------------------------------------------------------------------------

For Immediate release, July 27, 2007 TSXV: EAS

VANCOUVER, B.C. -- Friday, July 27, 2007 -- East Asia Minerals Corporation (TSXV-EAS) is pleased to announce it has signed an agreement to sell the Ooshiin Govi uranium property to Compagnie Française de Mines et Metaux ("CFMM", a subsidiary of Areva NC) for a cash payment of CAD$83 million. This will be facilitated through the sale of its wholly owned Mongolia subsidiary, EAM Energy LLC (EAME). The transaction, which is subject to shareholder approval, will also include the Bayan Uul, Elgenii, Ikh Khet and Airag-1 uranium tenements (together with Ooshiin Govi forming the "Assets"). Details of the properties can be found on the East Asia web site at www.EAminerals.com and in previous news releases. In connection with the offer, certain shareholders including directors and officers of East Asia have entered into irrevocable lockup agreements with CFMM pursuant to which they have agreed to vote all of their East Asia shares in favour of the offer, representing approximately 43.8 per cent of the issued and outstanding East Asia shares, subject to certain exceptions.

The proposed transaction with CFMM has the full support of the Company's board of directors and management team, who recommend that the East Asia Mineral's shareholders vote in favor of the assets sale. Should shareholder approval be forthcoming, it is the Company's intention to dividend out at least 85% of the after-tax proceeds of sale to registered shareholders of East Asia. The final calculated dividend will be subject to the extent to which presently outstanding dilutives are exercised, net corporate tax considerations and the Board of Directors' determination of the Company's future capital requirements. A shareholders meeting to vote on this transaction is scheduled for September 5, 2007.

"The Company views CFMM's proposed purchase of the Ooshiin Govi tenements, for more than the current market capitalization of East Asia Minerals Corporation, as absolute validation of East Asia's ability to capture opportunities and maximize shareholder value" stated Michael Hawkins, East Asia Minerals' President. "The preliminary nature of Ooshiin Govi, coupled with results from recent drilling, more appropriately suits the time horizon, risk tolerance and resources of a senior producer, such as Areva. We believe that the proposed transaction provides an optimal return of value to the shareholders, and the opportunity to continue receiving value through a strong acquisition and exploration strategy. We also believe that a purchase of this magnitude, by one of the world's leading uranium companies, supports the Company's positive assessment of its remaining uranium portfolio, which includes the Ingiin-Nars, Ulaan Nuur, and Enger properties. The first two of these properties possess historical resources, and Enger returned very strong drill results from our exploration program last year. Hence we consider them to be exceptionally strong assets with which to continue the Company's uranium strategy."

Haywood Securities Inc. is acting as financial adviser to East Asia and Gowling Lafleur Henderson LLP is its legal adviser. The financial adviser to CFMM is RBC Capital Markets Inc. and legal advisor is Blake, Cassels & Graydon LLP.

Retained Mongolian Uranium Assets

The Mongolia uranium assets retained by East Asia will be drilled later this summer, commencing at the Company's 100% owned Ingiin-Nars property (July 3, 2007 news release). The Ingiin-Nars Deposit lies south of and continues northeast into the East Asia property, and contains a Soviet-era, P1 category drilled resource of approximately 1,000 tonnes (2.2 million pounds) of contained uranium. The grade averages 0.042% U, at a cut off grade of 0.02% U, representing a deposit of approximately 2.4 million tonnes. The average grade of non-category drill intercepts is 0.052% U. The Ingiin-Nars Deposit continues northeast into the East Asia property where it remains open along strike. East Asia drilling will be designed to quantify the portion of the Deposit that lies within the Company's property, and to determine the full extent of the strike distance. Additionally, the mineralization remains open to the immediate northeast of the drilled resources where Soviet-era data suggests the presence of another mineralized body that may be as large, or larger, than the drilled Ingiin-Nars Deposit.

East Asia owns 100% of the Ulaan Nuur property (May 3, 2007 news release), a partially defined, potentially significant deposit of stratiform sandstone-hosted uranium mineralization. Limited drilling during the Soviet era outlined mineralization ranging in thickness from 0.1 to 3.5 metres and grading between 0.03% and 0.184% U. The mineralization was not fully defined nor closed off. The Soviets calculated a projected resource (P2 category) of 10,000 tonnes (22 million pounds) of contained uranium for the Ulaan Nuur deposit. This data indicates an average grade of 0.049% U, representing a deposit of approximately 20 million tonnes. The historic data also provides evidence that the Project contains a potential ISL (in situ leach) environment.

The Company's 100% owned Enger property (June 26 and July 6, 2006 news releases) includes a number of uranium mineralized zones that were identified from Soviet information and range in thickness from 1.7 to 6 metres, and grade from 0.056% to 0.19% U3O8 (high of 0.65m of 0.549% U3O8). Results from the 2006 East Asia drill program significantly improved on grades and widths of the mineralization reported by the Soviets. Intercepts included 2.5 metres of 0.410% U3O8 metres in hole ENDD003, 2.5 metres of 0.232% U3O8 in hole ENDD002, 1.0 metre of 0.086 U3O8 in hole ENDD004, and 13.5 metres of 0.108% U3O8 in hole ENDD005. The mineralization was not closed off. As part of the proposed transaction Areva has been granted the metal marketing rights of both the Enger and Ulaan Nuur projects.

Indonesian Exploration Update

In Indonesia, the company continues to move ahead with the exploration of its highly prospective copper-gold portfolio. Drilling will commence later this summer at the Sangihe property where historic work resulted in several significant drill intercepts including 91.3 metres starting at 29 metres with 2.45g/t gold, 0.42% copper and 12.0g/t silver, and trench results of up to 34.8g/t gold over 14 metres (July 17, 2007 news release).

Lionel Martin, P.Geo, the designated QP within the meaning of 43-101, has reviewed and approves the content of this release. EAS has not verified the classification of the historic resource references and is not treating them as NI 43-101 defined resources verified by a QP. Although the historical references of resource potential are relevant to recognizing the potential of the Ingiin-Nars and Ulaan Nuur Properties, they should not be relied upon.

About East Asia Minerals Corporation
East Asia Minerals is an Asian-based, Canadian mineral exploration company with uranium, gold and copper assets in Mongolia and Indonesia. The Company owns seven uranium properties, highlighted by the Ooshiin Govi tenements, and a 75% interest in the Khok Adar copper oxide discovery, in Mongolia. In Indonesia, it has a 70 to 85% interest in five advanced gold and gold-copper projects located in Aceh Province in Sumatra and North Sulawesi. East Asia currently has 43,661,912 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 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.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

-30-

FOR FURTHER INFORMATION, visit the Company's website at www.EAminerals.com, or contact:

Michael Hawkins, President
Vancouver
T: +1-778-997-2183
E: Hawkins@EAminerals.com

Nick Kohlmann, Corporate Communications
Toronto
T: +1-416-792-8734
E: Kohlmann@EAminerals.com
_________________
There is nothing inherently wrong in effect with fiat money, provided we get perfect authority and god-like intelligence for kings.
-Aristotle

[coach247]

Halted!

I spoke to the company today and they will probably not have the news out before Monday. I believe it is acquisition related. There was not much trading going on this week, which is not usually a good sign, but then again the wheels fell off the market this week so perhaps it IS a good sign that EAS was quiet and held its ground. I cant wait for monday...

cheers!

mike
_________________
Its only a gambling problem if you are losing...

[coach247]

Maybe this is why there are buyers lined up:

East Asia Minerals Expands Sangihe and Tangse Targets

VANCOUVER, BRITISH COLUMBIA, Jul 17, 2007 (CCNMatthews via COMTEX News Network) --
East Asia Minerals Corporation (TSX VENTURE:EAS) reports results from its initial exploration at its Sangihe and Tangse projects in Indonesia. At both projects, historic mineralized zones have been verified and expanded. Drilling is scheduled to begin late July at Sangihe followed by drilling of the Aceh projects, including Tangse.

Sangihe

Interpretation of EAS data compilation together with results of ongoing mapping indicates the additional potential for extending the current Binebase - Bawone gold mineralization zones towards the northern and northwestern portion of the prospect. On a district scale the Binebase - Salurang structural corridor hosts multiple, similar discrete gold - silver mineralized zones that appear to be of the same style and orientation as the Bawone Prospect. This corridor connects the existing Binebase, Bawone and Salurang mineralized zones covering an area of approximately 3 kilometres long by 600 metres wide. Historic drill results at Bawone include 91.3 metres (29.2m to 120.5m) with 2.45g/t gold, 0.42% copper and 12.0g/t silver, and 20.2 metres (21.8m to 42.0m) with 3.97g/t gold, 0.47% copper and 21.0g/t silver (April 12, 2007 news release).

A total of 150 rock channel samples from newly discovered mineralized outcrops and verification samples from rehabilitated previous worker's trenching were collected and assayed. This recently completed EAS sampling has verified the previously reported historic surface results in the Binebase-Bawone-Salurang corridor, and extended the mineralized zone along strike. Highlights from the extensions to known mineralisation include 2 metres with 2.90g/t Au & 10g/t Ag from a new exposure approximately 400 meters north of Bawone and 5 metres with 2.93g/t Au & 35g/t Ag including 3 metres with 4.03g/t Au & 53g/t Ag from the Bonsos area located 200 metres southwest of Bawone. These results provide additional evidence that the Binebase - Bawone mineralized zones may be continuous and more extensive than previously thought.

Additionally, the sampling has highlighted the potential of other untested or only partially tested zones. Included amongst the areas of interest is the Brown Sugar Zone, an area of historical high grade gold and silver. Here EAS samples returned channel sample assays of 2 metres with 12.8g/t Au and 142g/t Ag; 4 metres with 16.0g/t Au and 196g/t Ag and 1.8 metres with 17.9g/t Au & 251g/t Ag. The extent of this high grade structure is unknown. At the previously untested Sede prospect area, 7km south of the Binebase-Bawone, 3 chip samples returned 5.86 g/t Au and 10g/t Ag, 2.23 g/t Au and 8 g/t Ag and 37.3 g/t Au and 28 g/t Ag.

Commenting on the recent sampling the Sangihe Property, Michael Hawkins, President of East Asia Minerals said "We are very excited that not only does this sampling of previous and new trenches provide evidence of improved grades to already strong gold results, but also that there is clear indication the mineralization continues well beyond the areas of historic drilling and trenching. In fact, the new zone of discovered mineralization adds strength to the interpretation the Bawone and Binebase zones may be connected."

A Phase One drill program to confirm the Bawone mineralization and strike extension potential will begin at the end of July. The proposed EAS drill program will test for bulk tonnage, gold - silver targets in addition to the primary, high grade gold - silver - copper structural feeder zones.

Tangse

At the Tangse porphyry copper project EAS field crews have mapped and sampled the area where Rio Tinto identified supergene copper mineralization in the early 1990s. The work has distinguished younger fine grained diorite dykes clearly related to the main quartz diorite porphyry. These dykes are widespread and are interpreted to represent apophyses of larger mineralized intrusive bodies at depth.

A total of 672 samples have been collected and analyzed. The best results were found within a northwest trending, 300-metre wide fault zone on the east side of the Tangse target. In general quartz diorite dykes assayed between 0.2 to 0.8% copper. Several plus 1% copper grades, including 2 metres with 2.65% Cu, 2 metres with 2.15% Cu, 2.6 metres with 4.86% Cu and 2.5 metres with 2.85% Cu, were obtained from supergene enriched zones, and a 30 metre composite chip sample of one exposure returned 2.85% Cu. Two to three metre rock channel samples taken from leached and oxidized rock adjacent to the dikes typically assayed 0.04 to 0.1% copper, 40 to 200 ppm molybdenum and 0.1g/t gold.

Historic Rio Tinto drilling located 200 to 400 metres east of the EAS identified high-grade copper zone intersected 16 to 27 metres of supergene copper enriched material. EAS will drill test this expanded supergene copper target later this year.

Previous limited drilling by Rio Tinto also outlined a large porphyry copper-molybdenum deposit with historical order of magnitude estimates (non-NI 43-101 compliant) of at least 600 million tonnes (Mt) of lower grade material, including a higher grade zone of 30 Mt with grades between 0.3 and 0.8% Cu, and 0.02 to 0.03% Mo (May 1, 2007 news release). The Tangse porphyry system has been subjected to widespread supergene enrichment where the current work is focused.

Samples reported were assayed at PT SGS Indoassay assay laboratories. Michael Hawkins, M.Sc., MAusIMM, the designated QP within the meaning of 43-101, has reviewed and approves the content of this release.

About East Asia Minerals Corporation

East Asia Minerals is an Asian-based, Canadian mineral exploration company with uranium, gold and copper assets in Mongolia and Indonesia. The Company owns seven uranium properties and a 75% interest in the Khok Adar copper oxide discovery, in Mongolia. In Indonesia, it has a 70 to 85% interest in five advanced gold and gold-copper projects located in Aceh Province in Sumatra and North Sulawesi. East Asia currently has 45,432,068 shares outstanding. Its shares are listed for trading on the TSX Venture Exchange under the symbol "EAS".

To receive or stop receiving EAS news via email, please email Info@EAminerals.com and state your preference in the subject line.

SOURCE: East Asia Minerals Corporation

East Asia Minerals Corporation - Vancouver Michael Hawkins President (778) 997-2183 Email: Hawkins@EAminerals.com East Asia Minerals Corporation - Toronto Nick Kohlmann Corporate Communications (416) 792-8734 Email: Kohlmann@EAminerals.com Website: www.EAminerals.com

Copyright (C) 2007 CCNMatthews. All rights reserved.
_________________
Its only a gambling problem if you are losing...

[coach247]

I see extremely bullish market depth on EAS.V today, with very large blocks bidding all the way up from $1.70 to the current bid of $1.78, and almost nothing of size on the offer until $2.10 or so. The market appears locked in a standoff so far with only a token 500 shares traded today, but for sure some patient buyers are lurking and I do not see much downside from the current price range. EAS has had a very nice run this year, and I think this little sideways correction will simmer down the stock, but it does appear that someone wants to continue accumulating.

I have owned a core position in the company for several years, and bought more last month. I think there is almost no chatter on the retail forums about the company despite the big move higher, and it appears to be institutions chasing shares right now.

cheers!

mike
_________________
Its only a gambling problem if you are losing...

[coach247]

East Asia Minerals adds Ulaan Nuur to Airag uranium project in Mongolia


VANCOUVER, BC, May 3 /CNW/ - East Asia Minerals Corporation (TSXV-EAS) announces it has signed an agreement to acquire the Ulaan Nuur uranium tenement in Mongolia. Under the terms of the agreement, EAS will acquire 100% of the 1,508 hectare tenement for a one time payment of USD 60,000. Ulaan Nuur hosts a partially defined, potentially significant deposit of stratiform sandstone hosted uranium mineralisation. The property is contiguous with the Company's Airag uranium project. A location map of the property is posted at www.EAminerals.com.

Limited historical drilling was conducted at Ulaan Nuur during the Soviet era, resulting in the definition of at least nine shallow dipping, stratiform bodies of uranium mineralisation ranging in thickness from 0.1 to 3.5 metres and grading between 0.03 and 0.184% uranium. The mineralisation was traced for 600 to 800 metres along strike and up to 400 metres down dip, and was not closed off. The Soviets calculated a projected resource (P2 category) of 10,000 tonnes (22 million pounds) of contained uranium for the Ulaan Nuur deposit (L.D. Chirpov and G.G. Illin, 1973, Report No. 2410, "Report on the prospecting-estimation works in the eastern part of Mongolia"). The Soviet data indicates an average grade of 0.049% uranium, representing a deposit of approximately 20 million tonnes.

The historic Ulaan Nuur data also provides EAS with evidence that the Project contains a potential ISL (in situ leach) environment. The data reports that the "lower productive horizon" is hosted entirely within uniformly shallow dipping and permeable sandstone, between an overlying clay horizon and an unconformably underlying conglomerate, which in turn overlies Proterozoic granite gneiss.

Commenting on the acquisition of the Ulaan Nuur property, Michael Hawkins, President of East Asia Minerals said "We are very pleased to have brought this high potential property into our Mongolian uranium portfolio. Whilst there is some uncertainty as to the quoted historical resource, it is clear that the project contains potentially significant uranium mineralisation and we are looking forward to exploring the tenement in 2007. That we were able to, in a very competitive market, acquire such a quality project is testament to the capacity of the EAS management team at building shareholder value".

East Asia Minerals acquired the original Airag-1 property, located 330 kilometres southeast of Ulaanbaatar near the Ulaanbaatar - Beijing rail line, in 2006. Historic Soviet drilling in the 1970s on this separate target intersected multiple uranium mineralized intervals in Cretaceous sandstones and volcanics. EAS geologists mapped 270 square kilometres at Airag-1 in 2006 and discovered evidence of undocumented Soviet-era underground development.. This suggests that high grade uranium potential exists on the property as the Soviets rarely conducted underground development in Mongolia. EAS has not yet drilled the Airag-1 or Ulaan Nuur tenements.

Michael Hawkins, M.Sc., MAusIMM, the designated QP within the meaning of 43-101, has reviewed and approves the content of this release. EAS has not verified the classification of the historic resource reference and is not treating it as a NI 43-101 defined resource verified by a QP. Although this historical reference of resource potential is relevant to recognizing the potential of the Ulaan Nuur Property, it should not be relied upon.

About East Asia Minerals Corporation

East Asia Minerals is an Asian-based, Canadian mineral exploration company with uranium, gold and copper assets in Mongolia and Indonesia. The Company owns six uranium properties, highlighted by the Ooshiin Govi tenements, and a 75% interest in the Khok Adar copper oxide discovery, in Mongolia. In Indonesia, it has a 70 to 85% interest in five advanced gold and gold-copper projects located in Aceh Province in Sumatra and North Sulawesi. East Asia currently has 42,863,868 shares outstanding. Its shares are listed for trading on the TSX Venture Exchange under the symbol "EAS".

To receive or stop receiving EAS news via email, please email

Info(at)EAminerals.com and state your preference in the subject line.

The TSX Venture Exchange has not reviewed and does not accept

responsibility for the adequacy or accuracy of this release.
_________________
Its only a gambling problem if you are losing...

[rogerklam]

HI,

News release today. U can either check tsx.com or SH.
Cheers
Roger

P.S. I have a very small position and hold it for more than a year (miss a few pennies to buy more at the bottom)

[coach247]

During the New Orleans show in October, there were rumours that EAS had a deal in hand for their Mongolia uranium properties. I doubt that the volume we are seeing right now has much to do with the recently announced Indonesia project. My guess is that there is a new acquisition, or a JV, or an outright sale of an asset involved. I still have 10,000 shares of EAS that I have held for more than 2 years and watched it go to $1.80 twice and then come all the way back down. Maybe this time I can look for that level one more time and it will hold...

cheers!

mike
_________________
Its only a gambling problem if you are losing...

[rogerklam]

Now, what the heck is with EAS. Expecting another natural disastrous in Indonesia ? Never seen this vol before.

Cheers
Roger

[rogerklam]

Hi,
amazing. only a few sellers.
Cheers
Roger
P.S. I do have a position

[coach247]

East Asia minerals acquires Sangihe gold project in Indonesia


VANCOUVER, April 12 /CNW/ - East Asia Minerals Corporation (TSXV-EAS) announces it has signed the Joint Venture Agreement (JVA) with PT Sangihe Mineral and PT Amsya Lyna to explore and develop the Sangihe gold-copper project in Indonesia. Under the terms of the JVA, EAS has a 70% starting equity in the 42,000 hectare property which encompasses numerous drill-ready epithermal gold and porphyry copper-gold prospects. Field teams have been mobilized to the Sangihe project, located on Sangihe Island, North Sulawesi Province. A location map is posted at www.EAminerals.com. The project is located adjacent to tidewater and has good access.

The Company has now received all necessary approvals in principle from the Government, and has been granted a preliminary exploration permit (SIPP) whilst it continues its negotiations for the grant of a Contract of Work (CoW), modelled on a 7+ generation template. Under the SIPP the Company is authorised to conduct all proposed exploration activities, including drilling.

The Sangihe property lies within the Sulawesi-East Mindanao Arc, one of the most productive arcs in Indonesia. This arc hosts the Mesel and Lanut Gold Mines in Sulawesi, and the Tampakan porphyry-epithermal (900Mt at 0.75% Cu, 0.3g/t Au, including 300 Mt at 1.05% Cu, 0.4g/t Au) and Boyongan porphyry deposits in Mindanao, Philippines. The Sangihe project was explored in the 1980-90s when Ashton Mining (Australia) drilled over 5,000 metres in the Bawone and Binabase epithermal prospects. Historical studies (1998) indicate the potential to discover 1-2 million ounces of gold in this area alone.

Bawone and Binebase are intermediate to high sulphidation epithermal gold prospects located three kilometres apart and probably contiguous in the larger overall system. At Bawone, mineralization is well defined by an IP anomaly that continues beyond the drill tested zone. Historic drilling encountered significant mineralization, open along strike and to depth, including:


Bawone 91.3m (29.2m to 120.5m) with 2.45g/t gold, 0.42% copper and12.0g/t silver67.8m (50.3m to 118.1m) with 1.5g/t gold and 0.41% copper81.9m (38.0m to 119.9m) with 1.3g/t gold and 0.28% copper20.2m (21.8m to 42.0m) with 3.97g/t gold, 0.47% copper and21.0g/t silverBinebase 36.4m with 1.72g/t gold28.1m with 1.05g/t gold14.0m with 2.0g/t gold
Other partially tested Sangihe prospects include Kelapa where trenches contain impressive historical results, including: 14m with 34.8g/t gold; 10m with 9.11g/t gold and 6m with 9.19g/t gold.

"We are pleased to have secured a second advanced project in our Indonesia gold-copper portfolio", commented Lyndon Bradish, East Asia's President and CEO. "We are very encouraged by the signing of this agreement with our Indonesian partners and the support received from the various levels of government in Indonesia in our efforts to advance this high potential property".

A field team has been mobilized to the project and environmental baseline studies have already been completed. Planned 2007 drilling at Sangihe will confirm existing mineralization and step out along strike where historical trenching and geophysics, and EAS re-sampling indicate extensions to mineralization. Initial efforts will also include mapping, trenching, further re-sampling, extension of the induced polarization survey and target generation in areas such as Kelapa.

Mike Hawkins, M.Sc., MAusIMM, the designated QP within the meaning of 43-101, has reviewed and approves the content of this release. EAS has not verified the classification of historic resource references and is not treating it as a NI 43-101 defined resource verified by a QP. Although this historical reference of resource potential is relevant to recognizing the potential of the Sangihe Property, it should not be relied upon.

About East Asia Minerals Corporation

East Asia Minerals is an Asian-based Canadian mineral exploration company with uranium, gold and copper assets and acquisition targets in the East Asia Region. The Company owns six uranium properties in Mongolia highlighted by the Ooshiin Govi tenements. In Indonesia it has a 75% interest in the Takengon gold project, a 70% interest in the Sangihe gold project, and is finalizing agreements for additional advanced gold and gold-copper projects. In Mongolia EAS also owns a 75% interest in the Khok Adar copper oxide discovery. East Asia currently has 42,863,868 shares outstanding. Its shares are listed for trading on the TSX Venture Exchange under the symbol "EAS".

To receive or stop receiving EAS news via email, please email Info(at)EAminerals.com and state your preference in the subject line.

The TSX Venture Exchange has not reviewed and does not accept

responsibility for the adequacy or accuracy of this release.
_________________
Its only a gambling problem if you are losing...

[coach247]

Given the mania for all uranium juniors that has gripped the market, I wonder how long it will take for EAS to join that party. The thundering herd is out there just looking for the next junior story to get on board...

cheers!

mike

East Asia Minerals confirms Ooshiin Govi radiometric anomaly;Reports gold-copper project progress in Indonesia

VANCOUVER, Jan. 3, 2007 (Canada NewsWire via COMTEX News Network) --
TSXV: EAS

East Asia Minerals Corporation (TSXV-EAS) has completed a ground radiometric survey that defines a significant radiometric anomaly extending onto the Ooshiin Govi Property and confirms the 1991 historic airborne Soviet data. The discrete two-plus kilometre wide uranium and total count anomaly extends southward from an adjacent area of extensive AREVA property drilling and remains open to the south of the survey. All data has been compiled and Phase 1 exploration drilling of the Ooshiin Govi Property will commence this month.

During December 2006 four lines of truck-borne radiometric surveying were completed by EAS adjacent to the AREVA-EAS property boundary over an area of Soviet defined airborne radiometric anomalies. Large stockpiles of AREVA drill core are located near this property boundary and significant exploration and drill camp infrastructure were removed from this area at the end of 2006. Field observations by East Asia also indicate that AREVA grid drilled up to the boundary of the Ooshiin Govi Property.

The EAS radiometric survey supports the interpretation that the AREVA drilling correlates to the area of the historic Soviet anomalies and it gives credence to the other prospective Soviet defined radiometric targets located on the Ooshiin Govi Property. The EAS target is sandstone hosted, roll-front type uranium mineralization. Based on preliminary geological assessment, both a near surface bulk mineable and an underlying in-situ leachable (ISL) environment are envisioned. The EAS radiometric data, the historic Soviet radiometric data, and a location map of East Asia's Mongolian uranium projects are posted at www.EAminerals.com.

"The management team is implementing the Board of Director's 2006 mandate to divest of our energy assets" stated Lyndon Bradish, President and CEO of East Asia Minerals. "We will realize full shareholder value from this strategy through the option or sale of the properties with a retained royalty or free carry. Importantly we will further enhance this value through initial exploration drilling of the Ooshiin Govi Property". Preliminary discussions are continuing with several parties interested in negotiating for all or part of East Asia's uranium assets.

The Company also announces it has now secured several advanced gold-copper land positions in Indonesia through its local partners and has final approvals from the multiple Departments and layers of governments. Currently Canadian and Indonesian counsel are completing last details of the legal agreements. As these agreements are signed EAS will disclose commercial terms and work/drill plans. The Company focus remains on its core gold-copper strategy and these agreements will solidify it's presence in Indonesia as a highly competitive explorer with a significant, high value gold-copper portfolio.

Lionel Martin, P.Geo, the designated QP within the meaning of 43-101 has reviewed and approves the content of this release.

About East Asia Minerals Corporation

East Asia Minerals is an Asian-based Canadian mineral exploration company with projects in Mongolia and on-going acquisition targets in the East Asia Region. The Company has a 75% interest in the Khok Adar copper oxide discovery. It also owns six uranium properties, all located in east-central Mongolia, and is involved in advanced discussions to acquire advanced gold and copper-gold projects in Indonesia. East Asia currently has 42,805,206 shares outstanding. The Company's shares are listed for trading on the TSX Venture Exchange under the symbol "EAS".

Should you wish to receive Company news via email, please email alison

@chfir.com and specify "EAS News" in the subject line.

The TSX Venture Exchange has not reviewed and does not accept

responsibility for the adequacy or accuracy of this release.

%SEDAR: 00013815E

SOURCE: East Asia Minerals

visit the Company's website at www.EAminerals.com, or contact: Lyndon Bradish,President and CEO, T: +852 2719-1551 (Hong Kong), E: Bradish@EAminerals.com; NickKohlmann, Corporate Communications, T: (416) 792-8734 (Toronto), E:Kohlmann@EAminerals.com
Copyright (C) 2007 CNW Group. All rights reserved.
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