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East Asia Minerals to mine uranium at Ingiin-Nars PDF Print E-mail
Friday, 06 July 2007

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East Asia Minerals Corporation (TSX VENTURE:EAS) has acquired the rights to mine uranium at a portion of the Ingiin-Nars Uranium Deposit. The mine is located about 500 kilometers southeast of Ulaanbaatur.  

The Ingiin-Nars Uranium Deposit was first explored during the Soviet era. Current estimates put existing uranium deposits at the site as considerably higher than earlier projected. 

Initial findings have shown the site has uranium deposits seven meters thick in zones as wide as 400 meters and stretching for 4.5 kilometers. 

Besides working at Ingiin-Nars, East Asia acquired the Ooshiin Govi site in late 2006. During the winter of 2007, drilling by East Asia indicated large uranium deposits at Ooshiin Govi. In May, 2007 the Company acquired the Ulaan Nuur project containing an estimated 22 million pounds of uranium. 

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