Monday, 12 May 2008

Asia Now Is Following The Smoke To The Fire

Asia Now (TSX-V: NOW)

Basic Shares: 50.6 million


Asia Now today shared an update on the company’s exploration programs on its Habo and Beiya properties in Yunan, China. The update is based on exploration results from 2007 that have been reviewed by the board of NOW and its joint venture partners.

The board has also approved a 20 thousand metre drilling program for its next phase of exploration with the objective being to further define the potential for an economic grade of mineralization on both properties.

The Beiya project sits adjacent to an open pit operation expected to produce 100 thousand ounces of gold this year. Drilling in 2007 has proven gold and base metal mineralization in several areas of the property. NOW currently has four rigs drilling a planned 10 thousand metre program. More assay results are on the way from surface samples and drill holes.


While Beiya is focused on a gold discovery, Habo is looking to prove a copper-gold porphyry system. Drilling 10 thousand metres is planned for this property as well and extensive geological mapping is currently being carried out to outline and define mineralized zones. Independent consultant Dr. Anthony Harris has written a report stating that all of the recently discovered zones likely belong to a multiple-phase mineralization zone. It is likely that the mother-load, higher grade zones have not yet been tested.