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
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:
A TECHNICAL REPORT ON EXPLORATION
AND RESOURCE ESTIMATION
OF THE MIWAH PROJECT, SUMATRA, INDONESIA
You can find the whole 136 page report on SEDAR. It could severly strain some of the brains posting here, but it would be worth the effort if you have intellectual horsepower to comprehend it.
desertshadow
Recommendations
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
