Friday 28th October 2016

Resource Clips

Eurasian Minerals President/CEO David Cole on gold assays of 2.65 g/t over 42.6m

“The results were very much as predicted, and they demonstrate that there’s a well-mineralized, oxidized amount of gold mineralization at the surface at Grand Bois. Some of the drill holes were outside the previous explored resource area, so that will expand the footprint of the known resource. And the resource is being advanced to 43-101 compliancy via our studies.

“We control 1,100 square miles of Haiti—which is 10% of the country. That is all in joint venture with Newmont. We have four designated projects with Newmont where they’re earning their way in via expenditure on the ground. We also have a regional exploration program ongoing with Newmont where we spend 25% of the budget, and they spend 75% exploring the portions of the project portfolio looking for new anomalies and defining new areas of interest. The technical results that have emanated from our exploration program have been fabulous in our opinion. That Newmont may increase their equity in Eurasia shows their level of bullishness with regards to the technical results in Haiti.

“Our operations were delayed by about four or five months by the earthquake, but we’re fully moving now. We’ve moved our headquarters from Port-au-Prince to Cap-Haitien on the north coast, which is actually closer to our designated projects.”

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