Thursday, 21 February 2008

Asia Now Expands Mineralization At Habo (China) Property To Over Three Square Kilometers

Asia Now (TSX V: NOW)

Asia Now has been successful in its efforts to begin defining extent of meaningful mineralization at its Habo property in China. Based on its news release (click here), the company has expanded the area and provided new definition to a large porphyry copper system.

Assay results from various drill, chip and tunnel samples have given Asia Now confirmation that the porphyry copper system is at least 2.3 by 1.3 kilometers in size on its Habo property. Size of this zone is still open to the north, west and south. Drilling throughout 2008 should further define its true potential.

Parts of the mineralization have proven to be of economic grade and NOW management is confidant that more high grade zones will be found with the drill bit this year. The company reported high-grade samples from this property on January 8th this year with grades of copper as high as 9.96% and gold at 2.96 g/t.

Habo covers an area of 162 square kilometers with about 40 square kilometers being assessed with sampling of mineralized outcrops and detailed geological mapping between Habo North and Habo South. This allows the company to strategically plan its 2008 drilling program throughout the south and north parts of the property.

What the market should bear in mind is that NOW is looking for sufficient tonnage to validate an open pit mine. In traditional porphyry plays, grades are lower but tonnage is massive and much more economic than a hard rock mine.