Vancouver, British Columbia, October 2, 2012 (TSX Venture: EMX; NYSE MKT: EMXX) – Eurasian Minerals Inc. (the “Company” or “EMX”) is pleased to announce recent drill results from the Balya royalty property in Turkey. The owner and operator of Balya, Dedeman Madencilik San ve Tic. A.S. (“Dedeman”), reports intercepts that include 18.0 meters averaging 13.83% lead, 4.68% zinc, and 110.0 g/t silver, and 22.3 meters averaging 6.95% lead, 5.65% zinc, and 95.68 g/t silver with a 7.9 meter sub-interval of 15.42% lead, 12.33% zinc and 219.94 g/t silver. Dedeman also reports that the property has been successfully converted to an exploitation license and underground development is planned for late 2012 or early 2013.
2012 Balya Drill Program. Dedeman has reported 32 core holes totaling over 3,300 meters from this year’s drill program. The new drilling expanded the high-grade lead-zinc-silver mineralization in the main Hastanetepe zone to the east and southeast. Hastanetepe is a moderately dipping, 450 by 300 meter zone that occurs from depths of 10-20 meters to 200-300 meters as multiple stacked horizons of lead-zinc-silver mineralization hosted in limestones and dacites. The zone remains open for extension in multiple directions. This year’s drilling intersected new lead-zinc-silver horizons to the east and southeast that are notable for their relatively high grades over thick intervals. A table of drill intervals is given below. Please see attached map for more information.
Drill No | From (m) | To (m) | Interval (m)* | Pb % | Zn % | Ag g/t | Comments | |
---|---|---|---|---|---|---|---|---|
DB-67 | 25.6 | 27.0 | 1.4 | 8.84 | 1.63 | 177.00 | Intersected stacked mineralized horizons to the southeast. | |
37.0 | 41.1 | 4.1 | 39.11 | 24.88 | 931.24 | |||
including | 37.0 | 39.6 | 2.6 | 52.87 | 18.67 | 1311.85 | ||
44.0 | 46.9 | 2.9 | 8.79 | 4.39 | 129.30 | |||
75.0 | 93.0 | 18.0 | 10.99 | 5.96 | 126.57 | |||
including | 81.0 | 85.4 | 4.4 | 26.42 | 11.84 | 221.45 | ||
including | 86.9 | 88.0 | 1.1 | 29.59 | 7.18 | 502.00 | ||
DB-68 | 24.2 | 28.2 | 4.0 | 10.59 | 9.40 | 184.40 | Extended mineralization to the east. | |
including | 24.2 | 26.6 | 2.4 | 14.16 | 11.54 | 254.92 | ||
DB-73 | 3.0 | 9.0 | 6.0 | 1.77 | 1.52 | 20.67 | Extended mineralization to the east. | |
DB-74 | 9.5 | 10.1 | 0.6 | 4.65 | 6.33 | 69.00 | From a fan of holes that extended mineralization to the east. | |
34.6 | 56.9 | 22.3 | 6.95 | 5.65 | 95.68 | |||
including | 49.0 | 56.9 | 7.9 | 15.42 | 12.33 | 219.94 | ||
DB-75A | 21.0 | 25.5 | 4.5 | 14.49 | 12.79 | 57.97 | From a fan of holes that extended mineralization to the southeast. | |
DB-80 | 54.0 | 57.0 | 2.1 | 2.19 | 24.02 | 193.00 | Extended mineralization to the southeast. | |
DB-81 | 24.0 | 30.0 | 6.0 | 21.99 | 4.66 | 97.83 | Intersected stacked mineralized horizons to the southeast. | |
including | 25.5 | 27.0 | 1.5 | 54.02 | 2.10 | 143.00 | ||
including | 28.0 | 28.8 | 0.8 | 42.43 | 21.25 | 147.00 | ||
33.0 | 51.0 | 18.0 | 13.83 | 4.68 | 110.00 | |||
73.0 | 88.0 | 15.0 | 1.89 | 1.06 | 27.44 | |||
DB-82 | 15.0 | 17.0 | 2.0 | 0.20 | 2.50 | 6.00 | Extended mineralization to the southeast. | |
24.0 | 25.5 | 1.5 | 13.83 | 4.68 | 110.00 | |||
DB-89A | 33.0 | 38.0 | 5.0 | 3.37 | 2.91 | 75.20 | From a fan of holes that extended mineralization to the east. | |
40.0 | 46.0 | 6.0 | 1.75 | 1.60 | 23.30 | |||
51.4 | 56.7 | 5.30 | 2.68 | 1.67 | 41.60 |