Vancouver, British Columbia, July 23, 2013 (TSX Venture: EMX; NYSE MKT: EMXX) - Eurasian Minerals Inc. (the “Company” or “EMX”) is pleased to announce drill results from the Balya royalty property in Turkey. The owner and operator of Balya, Dedeman Madencilik San ve Tic. A.S. (“Dedeman”), reported intercepts that include 13.3 meters averaging 3.54% lead, 4.62% zinc, and 45.35 g/t silver from the Hastanetepe zone. In addition, a new zone of lead-zinc-silver mineralization was intersected by a reconnaissance drill hole 200 meters to the south of Hastanetepe. This 200 meter step-out intercept is particularly encouraging, and highlights the upside discovery potential for additional lead-zinc-silver zones on the property.
Balya Drill Results. Dedeman recently reported to EMX the assay results from eleven core holes totaling over 2,200 meters of drilling. These holes consisted of in-fill drilling of the Hastanetepe zone, which has been the focus of exploration to date, as well as successful step-outs that intersected lead-zinc-silver mineralization 200 meters to the south and 75 meters to the east-southeast. Hastanetepe is a moderately dipping, 750 by 350 meter zone that extends from depths of 10-20 meters to 200-300 meters as multiple stacked horizons of lead-zinc-silver mineralization hosted in limestone and dacite. Mineralization remains open for extension in multiple directions. Please see the table below and the attached map for a summary of Dedeman’s drill results.
Drill No | From (m) | To (m) | Interval (m) | Pb % | Zn % | Ag g/t | Comments |
---|---|---|---|---|---|---|---|
DB-36A | 27.0 | 30.0 | 3.0 | 2.07 | 2.91 | 28.85 | In-fill to southeast-central Hastanetepe. |
163.2 | 176.8 | 13.6 | 1.68 | 2.35 | 20.21 | ||
DB-36B | 27.0 | 30.0 | 3.0 | 0.32 | 0.41 | 8.26 | In-fill to southeast-central Hastanetepe. |
DB-64 | 22.8 | 34.0 | 11.2 | 2.50 | 0.08 | 29.48 | In-fill vertical drill hole to northwest. Multiple horizons of Pb-Zn-Ag from near surface to depth. |
85.4 | 98.7 | 13.3 | 3.54 | 4.62 | 45.35 | ||
including | 91.5 | 92.5 | 1.0 | 54.02 | 27.30 | 232.00 | |
107.4 | 117.0 | 9.6 | 3.21 | 3.07 | 40.56 | ||
138.0 | 146.0 | 8.0 | 3.01 | 1.08 | 39.80 | ||
DB-65 | 23.6 | 32.0 | 8.4 | 3.34 | 1.34 | 52.10 | In-fill vertical drill hole to northwest. Multiple horizons of Pb-Zn-Ag from near surface to depth. |
68.9 | 75.0 | 6.1 | 1.92 | 1.08 | 14.95 | ||
94.6 | 100.5 | 5.9 | 3.57 | 0.34 | 40.16 | ||
152.3 | 157.5 | 5.2 | 10.82 | 0.82 | 94.63 | ||
170.0 | 176.5 | 6.5 | 5.61 | 0.18 | 60.72 | ||
213.0 | 214.5 | 1.5 | 25.30 | 1.07 | 294.00 | ||
DB-66 | 55.0 | 67.0 | 12.0 | 2.01 | 0.97 | 18.10 | In-fill drill hole to northwest of Hastanetepe. |
DB-87 | 167.0 | 168.2 | 1.2 | 25.50 | 27.60 | 852.00 | In-fill drill hole to northeast of Hastanetepe. |
DB-90 | 48.2 | 51.0 | 2.8 | 6.72 | 2.40 | 105.21 | Vertical step-out 75 m southeast of Hastanetepe. |
208.5 | 216.0 | 7.5 | 3.55 | 1.10 | 48.60 | ||
DB-90A | 34.0 | 40.5 | 6.5 | 1.76 | 1.30 | 29.56 | Angled step-out 75 m southeast of Hastanetepe. |
DB-91 | 12.0 | 13.0 | 1.0 | 16.90 | 9.20 | 305.00 | Step-out 75 m southeast of Hastanetepe. |
DB-92 | 272.0 | 273.0 | 1.0 | 0.81 | 1.22 | 22.10 | Step-out 100 m south of Hastanetepe with weakly mineralized horizons at depth. |
278.0 | 279.0 | 1.0 | 0.44 | 0.88 | 11.10 | ||
DB-93 | 211.4 | 212.0 | 0.6 | 3.97 | 11.65 | 74.20 | Step-out 200 m south of Hastanetepe with mineralized zone at depth. |
235.0 | 258.2 | 23.2 | 0.69 | 2.33 | 23.45 |