Vancouver, British Columbia, December 7, 2007 (TSX Venture: EMX) – Eurasian Minerals Inc. (the “Company” or “EMX”) is pleased to announce that the 2007 drill program at its Sisorta gold project extended the known mineralized gold zones, and is highlighted by an oxide intercept of 35.2 meters averaging 3.6 g/t gold. Sisorta, located in northeastern Turkey’s Pontides mineral belt, is a bulk tonnage, volcanic-hosted, epithermal gold project with copper porphyry exploration potential at depth. Please refer to the map accompanying this news release.
The Sisorta property is covered by a 2,670 hectare exploration license. EMX’s geological mapping and sampling has delineated a 1,500 x 800 meter target area of gold mineralization and alteration within a northwest trending structural zone. Surface rock samples have returned up to 14 g/t gold. From EMX’s previous drilling, oxide gold mineralization generally occurs from the surface to depths
ranging from 23 to over 100 meters, with grades over significant intervals ranging from 0.34 g/t to over 5 g/t gold (see EMX news release dated May 24, 2005). In addition, drill holes targeting the deeper extents of the system have intersected porphyry-style alteration and anomalous copper mineralization (see EMX news release dated February 16, 2006).
EMX has recently entered into a Sisorta project joint venture with Chesser Resources Limited (ASX: CHZ) (“Chesser”). Under the terms of this agreement, Chesser may earn up to a 51% interest by spending US $4 million over three years, paying EMX a total of US $400,000, and issuing 3 million shares to EMX. Chesser can increase its interest to 70% by sole funding exploration to delivery of a bankable feasibility study over the subsequent five years, with yearly cash payments of US $100,000 (see EMX news release dated October 31, 2007).
2007 Drill Results
(refer to summary table below)
EMX’s 2007 drill program totaled 955.85 meters in six diamond drill holes, and was designed to test extensions to the East and West mineralized zones. Drill holes Sis-13, Sis-14, Sis-15, and Sis-18 were drilled in the East Zone. These holes tested gold mineralized surface rock samples within a corridor of northwest-southeast trending structures and well-developed quartz-alunite alteration. Three of the East Zone holes (Sis-13, -14, and -15) encountered significant oxide gold mineralization starting at the surface, and extend the zone 50 to 75 meters up-dip and to the west, with Sis-13 reporting 34.7 meters
of oxide material averaging 1.62 g/t gold. Sis-14, -15, and –18 also intersected anomalous copper and/or molybdenum porphyry-style mineralization at depth. Significant results include Sis-14 with 20.6 meters averaging 0.36% copper and 8.65 meters averaging 1.45% copper, and Sis-15 with 49.9 meters averaging 0.27% copper.
The West Zone drilling consisted of holes Sis-16 and Sis-17, and tested rock chip-channel and soil gold anomalies hosted by the Evliya Tepe silica cap topographic high. Sis-16 encountered significant gold mineralization starting from the surface. Sis-17 intersected multiple zones of significant oxide
gold mineralization, including 35.2 meters averaging 3.6 g/t gold. Both West Zone holes extended the drill defined gold mineralization over 100 meters down-dip and to the west, and also intersected anomalous molybdenum and/or copper porphyry-style mineralization at depth.
Significant drill intervals calculated at a nominal 0.3 g/t gold cutoff and minimum length of 7 meters, with a maximum of 3.5 meters contiguous dilution. Reported intervals are approximately true thickness.
EMX’s 2007 Sisorta program successfully extended the size of the drill-defined oxide gold zones, and provided further data to support the presence of a copper porphyry target at depth. The mineralized zones remain open in all directions, as only a small proportion of the broader target region has been drilled. EMX, and joint venture partner Chesser, anticipate an expanded drill program during the 2008 field season.
Comments on Sampling, Assaying, and QA/QC
EMX’s drill and geochemical samples were collected in accordance with accepted industry standards. The samples were submitted to ALS Chemex laboratories in Izmir, Turkey for sample preparation and Vancouver, Canada (ISO 9001:2000 and 17025:2005 accredited) for analysis. Gold was analyzed by fire assay with an AAS finish, and the multi-element analyses were determined by ICP-AES and MS techniques. As standard procedure, the Company conducts routine QA/QC analysis on all assay results, including the systematic utilization of certified reference materials, blanks, field duplicates, and umpire laboratory check assays.
Reported intervals with no core recovery include Sis-13 between 9.50-11.60 m, 23.50-24.90 m and 25.50-26.60 m, Sis-14 from 15.10-15.80 m, and Sis-16 between 29.30-29.70 m, 30.60-31.10 m, 137.80-139.50 m and149.80-151.80 m.
Note that in select cases, intervals are reported with mineralized, but sub-cutoff contiguous dilution greater than 3.5 meters that are carried by higher grade intervals below.
EMX is exploring and investing in a mineral property and royalty portfolio located in some of the most prospective, but under-explored mineral belts of the world.
Dr. Mesut Soylu, P.Geo., a Qualified Person as defined by National Instrument 43-101 and consultant to the Company, has reviewed and verified the technical information contained in this news release.
For further information contact:
David M. Cole
President and Chief Executive Officer
Phone: (303) 979-6666
Kim C. Casswell
Phone: (604) 688-6390
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Eurasian Minerals Inc. Actual results may differ materially from those currently anticipated in such statements.