Tuesday, 4 September 2007

Habo Project Results Show Potential

Recent news from Asia Now Resources (NOW - TSX V) that it has completed four new tunnels of 80 to 135 meters each to test surface mineralization strongly hints that something with positive potential is taking shape. These results (click here to read the news release) should be read in context of the fact that they were derived from work over 600 metres from results released from a single drill hole on July 17th, which had one seventeen metre intersect of 0.96% Copper.

An assessment is far from being done as to the commercial viability of what NOW has so far, but management is confident that it is in a very large body of mineralized rock.

In other words, we are in the right neighborhood.

We strongly caution that a considerable amount of work has yet to be completed.

When trying to assess whether or not the early pieces of the puzzle that point to a potential deposit are falling into place, grades, depth and size are all factors. While this is early stage, a couple of very good pieces have fallen into place.

We need a lot more drilling to be completed, which replicates and hopefully exceeds the average grades shown so far, as that sets the stage for consideration of turning this project into a mine.