The Trab-23 property, covering over 19 square kilometers, was acquired by EMX at minimal cost through open auction in 2007. EMX's geological reconnaissance and verification sampling consisting of more than 49 rock samples (16% returned greater than 500 ppb gold, 14% returned greater than 250 ppm copper), and 50 soil samples (25% returned greater than 100 ppb gold, 18% returned greater than 100 ppm copper) confirmed the grades and styles of porphyry mineralization originally identified by the historic exploration programs, and as a result the historic results are considered to be reliable and relevant.
Other EMX News. The Company also announces that Mr. Paul Zink has left EMX to pursue other interests. Mr. Zink was instrumental in EMX's 2012 merger with Bullion Monarch Mining Inc. ("Bullion"), which included paying 1% gross smelter return (GSR) royalties on the Carlin Trend in Nevada from the Leeville, Four Corners, and other nearby North Area mines operated by Newmont Mining Corporation (see Company news release dated August 20, 2012). The Company extends a sincere gratitude to Mr. Zink for helping develop its growing royalty property portfolio, and wishes him all the best in his future endeavors.
Comments on Sampling, Assaying, and QA/QC. EMX's geochemical samples were collected in accordance with accepted industry standards. The samples were submitted to ALS Chemex laboratories in Izmir, Turkey (ISO 9001:2000) and Vancouver, Canada (ISO 9001:2000 and 17025:2005 accredited) for sample preparation and analysis. Gold was analyzed by fire assay with an AAS finish, and copper underwent aqua regia digestion and analysis with ICP/AES techniques. As standard procedure, the Company conducts routine QA/QC analysis on all assay results, including the systematic utilization of certified reference materials, blanks, and field duplicates. Copper equivalent calculated as Cu % + (Au g/t x 0.65) with metallurgical recoveries and net smelter returns assumed to be equal.
About EMX. Eurasian is a global gold and copper exploration company utilizing a partnership business model to explore the world's most promising and underexplored mineral belts. Eurasian generates wealth via grassroots prospect generation, strategic acquisition and royalty growth.
Mr. Michael P. Sheehan, CPG, a Qualified Person as defined by National Instrument 43-101 and employee of the Company, has reviewed, verified and approved the disclosure of the technical information contained in this news release.
This news release may contain "forward looking statements" that reflect the Company's current expectations and projections about its future results. When used in this news release, words such as "estimate", "intend", "expect", "anticipate", "will" and similar expressions are intended to identify forward-looking statements, which, by their very nature, are not guarantees of the Company's future operational or financial performance, and are subject to risks and uncertainties and other factors that could cause Eurasian's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and factors may include, but are not limited to: unavailability of financing, failure to identify commercially viable mineral reserves, fluctuations in the market valuation for commodities, difficulties in obtaining required approvals for the development of a mineral project, increased regulatory compliance costs, expectations of project funding by joint venture partners and other factors.
Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this news release or as of the date otherwise specifically indicated herein. Due to risks and uncertainties, including the risks and uncertainties identified in this news release, and other risk factors and forward-looking statements listed in the Company's MD&A for the nine-month period ended September 30, 2012 (the "MD&A") and most recently filed Annual Information Form for the nine-month period ended December 31, 2011 (the "AIF"), actual events may differ materially from current expectations. More information about the Company, including the MD&A, the AIF and financial statements of the Company, is available on SEDAR at www.sedar.com and on the SEC's EDGAR website at www.sec.gov.
The NYSE MKT, TSX Venture Exchange and the Investment Industry Regulatory Organization of Canada do not accept responsibility for the adequacy or accuracy of this release.
Eurasian Minerals Inc.
David M. Cole
President and Chief Executive Officer
Eurasian Minerals Inc.
(604) 688-1157 (FAX)
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