East Asia Provides Update ON Drilling Progress FOR Indonesian GOLD Property
905 West Pender Street, Suite 210
Vancouver, BC Canada V6C 1L6
T +1-604-684-2183
F +1-604-357-1987
www.eastasiaminerals.com
News Release
EAST ASIA PROVIDES UPDATE ON DRILLING PROGRESS FOR INDONESIAN GOLD
PROPERTY
December 13, 2017 Symbol: EAS
The Company is please d to provide an update on current exploration activ ities relating to the ongoing
Indonesian Feasibility Study (IFS), AMDAL Environmental report stat us, geotechnical and metallurgical
work being conducted at its Sangihe gold property in Indonesia.
The Company’s focus is on completing Indonesian Feasibility Study (IFS) and AMDAL Environmental
reports as once they are submitted and accepted by the Indonesian Mining Department (MEMR),
construction of the mining facilities and infrastructure can begin at the Sangihe project. The company
anticipates making a decision for gold processing and production to begin by mid 2018. The Indonesian
Feasibility Study is not a Feasibility Study as defined by CIM as required by NI 43-101 but is required
under Indonesian law in order to obtain a licence to construct a production facility. The Company cautions
readers that the any production decision made by the Company will not be based on a NI 43-101 feasibility study of
mineral reserves that demonstrates economic and technical viability and as such, there may be involved increased
uncertainty and various technological and economic risks outlined in the “forward looking statement” below.
The IFS, which is being conducted by Resindo Resources and Energy, an Indonesian consulting firm, is
well underway and comprised of several elements:
Metallurgical drilling of three twin holes has been completed during the month of October. These
holes identify the most suitable heap-leaching locations. Samples obtained are currently undergoing
Metallurgy Bottle Roll Test work at Geoservices Laboratory. Cyanide Soluble assay results received
for the metallurgy samples submitted showed gold recoveries of 85% and silver recoveries of 96%.
Drilling of six geotechnical holes, has commenced with hole number three in progress. This drilling is
a required component for Indonesian Feasibility Study (IFS) in order to provide the most up to date
and accurate core samples for pit wall design.
Hydro-geological surveying is complete and is design ed to help locate and identify the water table
level in the pit design and best water sources needed for upcoming dril ling, heap-leaching and
ultimately gold production.
The Company is very pleased with the drilling progress considering the weather conditions have been
less than favorable. The monsoon season started ear lier than normal this ye ar making the drilling
process difficult which could ultimately delay the final AMDAL and IFS reports by a few weeks.
Overall Site Layout including the location of heap leach pads, processing plant and waste dump areas
has been completed. The Overall Site Layout was designed to be very concise and therefore has a
total footprint area of 42 hectares which is 0.1% of the 42,000 hect ares Sangihe gold property total
area.
Frank Rocca, BAppSc.(Geology), MAusIMM, Chief Geologist of East Asia Minerals Corp. is the Qualified
Person as defined under NI 43-101 who has reviewed and approves the content of this release.
Sangihe Project
The Sangihe gold-copper project is lo cated on the island of Sangihe off th e northern coast of Sulawesi and
has an existing National Instrument 43-101 infe rred mineral resource of 114,700 indicated and 105,000
inferred ounces of Gold. The Compa ny’s 70-percent interest in the Sangihe-mineral-tenement contract of
work (“CoW”) is held through PT Tambang Mas Sangihe (PTTMS). The remaining 30-percent interest in
PTTMS is held by three unaffiliated Indonesian corporations. The term of the Sangihe CoW agreement is
for 30 years upon commencement of the production phase of the project.
EAST ASIA MINERALS CORPORATION
Per: “Terry Filbert”
Terry Filbert, Chairman & CEO
For further information, contact Mark Sommer at 1-604-684-2183, [email protected] or visit the
Company’s website at www.eastasiaminerals.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements in this News Release, which are not historic al in nature, constitute "forward looking statements" within
the meaning of that phrase under applicable Canadian securities law. These statements include, but are not limited to,
statements or information concerning future work programs, results and timing of any work programs, the Company's
performance or events as of the date hereof. These statements reflect management's current assumptions and
expectations and by their nature are subject to certain underlying assumptions, known and unknown risks and
uncertainties and other factors which may cause actual results, performance or events to be materially different from those
expressed or implied by such forward looking statements. Those risks include the interpretation of drill results; the geology,
grade and continuity of mineral deposits; the possibility that future exploration, development or mining results will not be
consistent with our expectations; commodity and currency price fluctuation; failure to obtain adequate financing; regulatory,
recovery rates, refinery costs, and other relevant conver sion factors, permitting and lic ensing risks; gener al market and
mining exploration risks and production and economic risks related to design and engineering, manufacturing,
technological processes and test procedures and the risk that the project's output will not be salable at a price that will
cover the project's operating and maintenance costs. Forward-looking statements should not be construed as investment
advice. Readers should perform a detailed, independent investigation and analysis of the Company and are encouraged to
seek independent professional advice before making any investment decision. Accordingly, readers should not place
undue reliance on any forward-looking statement. Except as required by applicable securities laws, the Company disclaims
any obligation to update or revise any forward looking statements to reflect events or changes in circumstances that occur
after the date hereof.
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