Interesting Post
posted on
Jun 15, 2011 10:03AM
Edit this title from the Fast Facts Section
Amid the fluff, I found this interesting post from Shadow at SH -
From the Mining Associates Technical Report on the Miwah Project. Note that there is enough money to fully define
A TECHNICAL REPORT ON EXPLORATION AND RESOURCE ESTIMATION OF THE MIWAH PROJECT, SUMATRA, INDONESIA
Recommendations
the greater Miwah area without further stock dilution and that's a good thing. Life goes on and the shareprice will reflect what more drilling will reveal. Place your bets! Some folks might want to read:
desertshadow
MA notes that it is the intention of East Asia to continue drilling at Miwah with the view to increase the size and confidence in the resource. The following recommendations have been made based on the technical review and the mineral resource estimate for the Miwah Gold Project: 1. QA/QC procedures could be improved by the following: a. submission of coarse and fine reject duplicate samples; b. make full use of the gold and base metal standards to check silver and copper results 2. Expand resource to the north in the Moon River area; 3. Explore the potential continuation of lower lodes through to South Miwah Bluff; 4. Test the east and west extensions of the main block as defined in the resource; 5. Explore for satellite deposits with in the 5 km radius of the Miwah resource; 6. Update Miwah resource estimation increasing tonnes and confidence levels. Work Program & Budget East Asia has developed a US$ 4.1M budget for an on-going work program designed to upgrade the resource category of the Miwah deposit, and outline extensions and new areas of gold mineralisation. The specific objectives are to: 1. Expand resource to the north in the Moon River area. 2. Explore South Miwah Bluff and both the east and west extensions to the main block as defined in the resource. 3. Explore for satellite deposits with in the 5 km radius of the Miwah resource. 4. Update Miwah resource estimation. Miwah Budget – July to December 2011 Activity USD Drilling (11,000 metres: 8,800m Moon River , 1,100 South Miwah Bluff, 1,100m other). 1,300,000 Helicopter support 960,000 Assays 418,000 Metallurgical Studies 120,000 Miscellaneous costs (wages, training, travel, maintenance, insurances, license fees, legal, social development, environment and rehabilitation, camp support) 1,296,100 Total (including 15% contingency) 4,094,100 MA considers the budget reasonable for the work planned and sufficient to achieve the objectives in the time frame. Ian Taylor Brisbane, Australia Effective Date: 05 May 2011