Vancouver, British Columbia, January 27, 2014 (TSX Venture: EMX; NYSE MKT: EMXX) – Eurasian Minerals Inc. (the “Company” or “EMX”) is pleased to announce 2013 year-end exploration results from the Akarca gold-silver project. These results include an oxide drill intercept of 68.0 meters averaging 3.43 g/t gold and 34.71 g/t silver, with a high-grade sub-interval of 4.0 meters averaging 52.87 g/t gold and 530.43 g/t silver. In addition to drilling, trench sampling returned results that include 50 meters averaging 4.06 g/t gold and 3.25 g/t silver. This recently concluded exploration program was conducted by Çolakoglu Ticari Yatirim A.S. (“Çolakoglu”), a privately owned Turkish company that signed an option agreement in June 2013 to buy the property for a combination of cash payments, gold bullion, work commitments, and a royalty interest. Çolakoglu’s drilling and trenching systematically delineated and expanded the mineralized zones at the Arap, Kucukhugla, Fula, and Hugla Tepe prospects.
2013 Drill Results. Çolakoglu recently reported exploration results that included 62 drill holes totaling approximately 6,200 meters. This drilling consisted of 26 core holes totaling approximately 2,500 meters and 36 reverse circulation holes totaling over 3,700 meters. Çolakoglu’s 2013 program focused on expanding and drill defining the grade and tonnage characteristics of the near-surface, oxide gold-silver mineralized zones at the Arap, Kucukhugla, Fula and Hugla Tepe prospects. Drilling was conducted at a nominal 25 to 50 meter spacing along strike. Over 80% of the holes intersected significant mineralization (> 0.2 g/t Au over 7 meters), with drill intercept highlights given below.
| Drill Hole | From (m) | To (m) | Interval (m) | Au (g/t) | Ag (g/t) | AuEq (g/t) | Comments |
|---|---|---|---|---|---|---|---|
| ARAP TEPE PROSPECT | |||||||
| AKC-80 | 0.0 | 69.6 | 69.6 | 0.93 | 3.73 | 1.00 | TD = 156.6m, oxidized, true width 55-60%, extension of high-grade zone |
| including | 5.6 | 7.6 | 2.0 | 18.65 | 9.29 | 18.82 | |
| AKC-90 | 2.2 | 60.6 | 58.4 | 0.91 | 6.33 | 1.02 | TD = 95m, oxidized, true width 50-55%, extended zone to the north |
| including | 37.3 | 48.0 | 10.7 | 3.01 | 5.17 | 3.10 | |
| AKC-102 | 15.4 | 84.6 | 69.2 | 0.75 | 4.76 | 0.83 | TD = 95.2m, oxidized, true width 65-70%. Confirmed mineralization in the western portion of Arap Tepe |
| including | 61.6 | 81.7 | 20.1 | 1.50 | 7.02 | 1.63 | |
| ARC-112 | 0.0 | 91.0 | 91.0 | 0.41 | 1.65 | 0.44 | TD = 140m, oxidized, true width 50%, expanded zone to the south |
| ARC-113 | 0.0 | 88.0 | 88.0 | 0.39 | 1.67 | 0.42 | TD = 141.0, oxidized, true width 50%, expanded mineralization to the south |
| ARC-114 | 1.0 | 77.0 | 76.0 | 0.40 | 1.32 | 0.42 | TD = 78m, oxidized, true width 50%, expanded mineralization to the south |
| ARC-116 | 8.0 | 72.0 | 64.0 | 0.47 | 1.54 | 0.50 | TD = 126.5m, oxidized, true width 50%, expanded mineralization to the south |
| ARC-138 | 5.0 | 45.0 | 40.0 | 1.93 | 2.32 | 1.97 | TD = 72.5m, oxidized to 42m, true width 50-55%, extended zone to south and east |
| including | 36.0 | 39.0 | 3.0 | 14.90 | 10.30 | 15.09 | |
| ARC-139 | 0.0 | 61.0 | 61.0 | 0.53 | 1.47 | 0.55 | TD = 100m, oxidized, true width 50-55%, confirmed mineralization within the zone |
| KUCUKHUGLA TEPE PROSPECT | |||||||
| AKC-81 | 0.0 | 65.4 | 65.4 | 0.70 | 6.80 | 0.83 | TD = 101.9m, oxidized, true width 50%, extended zone to depth |
| AKC-89 | 19.6 | 97.6 | 78.0 | 0.51 | 3.80 | 0.58 | TD = 145m, oxide to 54m, true width 60-65%, extended zone to the southwest |
| ARC-147 | 0.0 | 11.0 | 11.0 | 0.81 | 15.19 | 1.09 | TD = 120m, oxidized, true width 35%, a 20m offset from AKC-78 to determine the extent of high-grade mineralization. Includes 20-21m: 1 m @ 171.00 g/t Au, 1710.00 g/t Ag. |
| 19.0 | 87.0 | 68.0 | 3.43 | 34.71 | 4.06 | ||
| including | 19.0 | 23.0 | 4.0 | 52.87 | 530.43 | 62.51 | |
| FULA TEPE PROSPECT | |||||||
| AKC-105 | 11.3 | 18.3 | 7.0 | 6.58 | 63.12 | 7.72 | TD = 131.7m, oxidized, true width 70%, extended zone to the SW, zone open to the west |
| ARC-132 | 12.0 | 27.0 | 15.0 | 1.41 | 20.62 | 1.78 | TD = 108m, oxidized, true width 50%, extended mineralization east of Fula Tepe |
| 49.0 | 88.0 | 39.0 | 0.80 | 12.54 | 1.03 | ||
| ARC-135 | 2.0 | 21.0 | 19.0 | 1.59 | 12.27 | 1.81 | TD = 105m, oxidized, true width 50%, extended the width of zone and to depth |
| 61.0 | 96.0 | 35.0 | 0.99 | 1.90 | 1.02 | ||
| ARC-143 | 11.0 | 61.0 | 50.0 | 1.12 | 6.85 | 1.25 | TD = 120m, oxidized, true width 55%, confirmed mineralization within the zone |
| including | 28.0 | 47.0 | 19.0 | 2.36 | 12.52 | 2.59 | |
| ARC-144 | 44.0 | 75.0 | 31.0 | 1.33 | 2.94 | 1.38 | TD = 175m, oxidized, true width 35-40%,confirmed mineralization within the zone |
| ARC-146 | 7.0 | 44.0 | 37.0 | 0.94 | 19.21 | 1.29 | TD = 150m, oxidized, true width 55-60%, extended mineralization to the east, mineralization still open to the east |
| including | 19.0 | 22.0 | 3.0 | 6.35 | 138.77 | 8.87 | |
| 130.0 | 138.0 | 8.0 | 0.58 | 1.31 | 0.60 | ||
| HUGLA TEPE PROSPECT | |||||||
| ARC-127 | 12.0 | 59.0 | 47.0 | 0.66 | 4.81 | 0.75 | TD = 96.5, oxidized, true width 40-45%, confirmed zone along strike to the east |
Notes: Intervals reported at a nominal 0.2 g/t Au cutoff and minimum length of 7m. Internal dilution allowance of up to 3.5m, with exceptions of up to 7m for intervals > 30m. Au equivalent calculated as 55:1 Ag:Au ratio, and assumes that metallurgical recoveries and net smelter returns are 100%. Core holes have an AKC prefix and RC holes have an ARC prefix.
Significant advancements were made at Fula Tepe where drilling extended the broad zone of veining and silicification to a strike length of over 400 meters. The Fula Tepe vein system remains open along strike to the northeast, and has new in-parallel zones identified to the northwest and southeast. The Hugla Tepe prospect was drilled along 600 meters of strike length, and also remains open to the northeast. Drilling at Kucukhugla Tepe focused on a 250 meter long higher-grade segment within a zone of mineralization that has an overall strike length of 650 meters. The high-grade intervals intercepted in ARC-147 are viewed as significant because they appear to be a continuation of similar higher-grade mineralization intercepted in hole AKC-78 drilled 20 meters to the southeast. AKC-78 contained an intercept of 7 meters at 10.12 g/t gold and 87.78 g/t silver (see Company news release dated