Vissim Pt Project Results

Eurasia Mining PLC
11 September 2001




EURASIA ANNOUNCES POSITIVE RESULTS FROM THE VISSIM PLATINUM PROJECT



Eurasia Mining is pleased to announce that it has discovered high
concentrations of platinum and chromite in bulk samples of dredge tailings
from two rivers within its Vissim licence in the Southern Urals of Russia. The
average recovered mineral content of the three bulk samples is 218 mgm fine
platinum per cubic metre plus 141 kilograms, (approximately 10%), chromite per
cubic metre. If confirmed to be of general application by drilling, these
concentrations of platinum and chromite would be likely to be substantially in
excess of those needed to justify the construction of a medium-sized mining
operation using a dredge or floating wash plant.



The Vissim project forms a part of the Urals Platinum Project, a 50-50 joint
venture with Anglo Platinum Ltd, the world's largest platinum producer. The
project is funded entirely by Anglo Platinum.



Preliminary data indicates that the chromite from this area is of a quality
that would be expected to be suitable for production of ferrochrome. Russia
currently imports substantial quantities of chromite much of which is
processed in the Urals within 200 kilometres by rail of Vissim. A local source
of chromite production should have substantial transport, foreign exchange and
potentially quality advantages over external sources. In view of the high
potential value of the chromite, in addition to the metallic platinum that was
the initial (and successfully located) target of the sampling, Eurasia is
initiating a wide range of parallel studies to establish the economic
parameters for a combined operation. A key element of these studies will be
the chromite marketing.



Drilling is scheduled to commence later this month to confirm that comparable
platinum and chromite grades extend throughout the tailings column. The
drilling will also yield an estimate of the volumes that could be mined, and
will recover the material needed to prepare a substantial parcel of chromite
concentrate for the marketing studies. Historic data indicates that in excess
of 25 million cubic metres of alluvium were mined in the Vissim district prior
to 1940 from which about 5 million ounces of platinum were recovered. The
Joint Venture programme is concentrated on the upstream portion of the
tailings from these operations where the highest concentrations of chromite
and residual platinum are considered to remain. The tailings in this area lie
at or near the surface and have an indicated thickness of 5-6 metres.



The processing of the bulk samples used standard Western cleaning and gravity
methods. These yielded 311 mgm per cubic metre of Platinum Group Metals
concentrate containing approximately 70% (218 mgm) fine metallic platinum. It
is considered likely that similar methods could be scaled up to a commercial
sized operation. Such a concentrate should be saleable to a refinery without
further treatment.



The chromite concentrate was liberated during the course of the platinum
processing. In a commercial operation this concentrate would probably require
some additional cleaning using standard technology prior to sale. Cleaned
samples are being prepared for further analysis and for the initial marketing
discussions.



Exploration continues within the licence for other areas of Platinum and
Chromite concentration.



Dr Michael Martineau, Executive Deputy Chairman, said, 'Rights to the Vissim
alluvials were only granted in June 2001. The strong concentrations of
platinum and chromite that we have discovered in our initial sampling at
Vissim clearly demonstrate the value of the fast track approach that Eurasia
has adopted on all its projects. In view of the high potential unit value of
these materials it is appropriate that the Joint venture initiate the parallel
exploration, processing, and marketing studies that are an essential
pre-requisite to evaluating any future operation.'




                                                             11 September 2001