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Eurasian Minerals Drills 101 Meters of Oxide Averaging 1.25 g/t Gold and 7.95 g/t Silver at the Akarca Project, Northwest Turkey

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Eurasian Minerals Drills 101 Meters of Oxide Averaging 1.25 g/t Gold and 7.95 g/t Silver at the Akarca Project, Northwest Turkey

 

 

 

 

 

 

Eurasian Minerals Inc. (TSX VENTURE:EMX)(NYSE MKT:EMXX) announce final results from the 2012-2013 drill program at the Akarca gold-silver project in northwest Turkey. These results include an oxide intercept starting at 18.2 meters of 101.0 meters averaging 1.25 g/t gold and 7.95 g/t silver at the Percem Tepe prospect (true width interpreted as 65-75% of reported interval length). Overall, EMX’s recent drill program extended the strike length of the targeted prospects, confirmed continuity of the mineralized zones, and intersected the highest grade gold-silver mineralization encountered to date on the property. These latest results, from three different prospect areas, underscore the district-scale exploration potential of the Akarca property. Akarca is 100% controlled by EMX, and is available for partnership. The Company is currently in advanced discussions with a number of potential partners interested in the property. Please see the attached map for more information.

 

 

2012-2013 Drill Program Results. EMX initiated a core drilling program in December, 2012 to test new target concepts as well as to extend gold-silver mineralization identified from previous exploration. The program extended the strike length and continuity of two separate target zones at the Arap Tepe prospect, extended strike length and increased grade at the Percem Tepe prospect, and intersected high grade oxide gold-silver mineralization at Sarikaya Tepe. All of the zones remain open along strike and down-dip. The most recent results from the final four holes are summarized in the table below.

 

 

 

 

—————————————————————————

Au-

From        Interval     Au     Ag  Equiv

Drill Hole   (m) To (m)      (m)  (g/t)  (g/t)  (g/t)  Comments

—————————————————————————

AKC-71       0.0   82.4     82.4   0.77   2.21   0.81  Arap Tepe Zone-A, TD

—————————————————–  = 156m. Oxide

including   73.7   80.3      6.2   3.25   3.75   3.32  intercept drilled

between AKC-39 and

AKC-40 True width

interpreted to be

60-65% of reported

interval.

—————————————————————————

AKC-72               Target structure not intersected  Arap Tepe Zone B. TD

= 75m.

—————————————————————————

AKC-73B      0.0   32.7     32.7   0.47   1.47   0.49  Arap Tepe Zone C. TD

= 130m. Oxide

intercept. True

width interpreted to

be 70-75% of

reported interval.

—————————————————————————

AKC-74      18.2  119.2    101.0   1.25   7.95   1.39  Percem Tepe Zone-B.

TD =149.5m. Oxide

intercept. True

width interpreted to

be 65-75% of

reported interval.

—————————————————————————

Notes: Intervals reported at a nominal 0.2 g/t Au cutoff. Au equivalent

calculated as 55:1 Ag:Au ratio, and assumes that metallurgical recoveries

and net smelter returns are 100%.

 

Posted March 1, 2013

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