Thursday, 26 February 2009

Asia Now's Habo Property Exceeds Expectations

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

Drilling results released today confirm that Asia Now's Habo South property in the Yunan province has high grade values of gold, copper, silver and molybdenum. The company knows that a large mineralization system stretches 2.3 kilometres long by 1.3 kilometres wide on its Habo property and the recent assay results show grades consistently greater than 1% copper equivalent.

The area is considered a porphyry system and this means that high tonnage of blended mineralization is present close to the surface. The blended mineralization (porphyry) consists of high values of molybdenum, silver and copper which are defined and valued in a copper equivalent formula. When the mineralization is close to surface and abundant, grades of copper at just 0.25% can be profitable to extract.

This porphyry system is on the Tethyan magmatic belt which contains some of the worlds largest porphyry plays such as Sar Cheshmeh in Iran and Reko Diq in Pakistan.

The goal for Asia Now is to continue drilling into the high-grade zones to further define the potential resource and the value of the ore at Habo South.