Monday, 20 April 2009

The Great Wall Ends Here

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

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Asia Now has decided to drop one of its key three properties in order to ensure the other two get the company's full attention.

The Great Wall project in the north east province of Hebei showed strong potential early in exploration but has since taken a back seat to the two more promising properties in the Yunnan province, Beiya and Habo.

The company has done what it needed to and will write off its stake and expenses relating to exploration of the Great Wall project totaling just under $700,000 in 2008.

Asia Now will continue exploration on Beiya and Habo where management is convinced that success will be found with the drill bit in the known mineralized zones here. The Beiya project surrounds the largest producing open pit gold mine in Yunnan.