Tuesday, 24 February 2009

Asia Now - There Is Gold In Beiya

Asia Now (TSX-V: NOW)
Basic Shares: 65.5 million
Fully Diluted: 68.3 million

Where is the best place to find gold? Next to a gold mine is a great place to start. Asia Now has been actively exploring its Beiya property in southwestern China which circles around Yunnan's largest producing open-pit gold mine. Assay results released today show strong gold and silver content throughout its latest drilling program.

The drill program took place over wide spaced intervals next to the existing Beiya Gold Mine.

The drill results and further drilling this year will help define this resource. The existing open pit mine is looking to expand and Asia Now has all of the surrounding land covering 586 square kilometers.

The existing open-pit mine has a 2 million ounce reserve and given that it is just meters from Asia Now's property, it will help shareholders get some idea of what Asia Now is sitting on.

Asia Now's strategy is to acquire a cash flow gold mining operation in 2009 in addition to continuing with its exploration drilling on its own Chinese property.

See full news release.....