Thursday, 17 September 2009

Gold Zone Expanded At Asia Now's Property - Beiya

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


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Asia Now has been working to prove a resource at one of its key properties named Beiya in the province of Yunan, China.
The Beiya property sits adjacent to the largest open-pit gold mine in Yunan, which produces roughly 100,000 ounces of gold per year and has a two million ounce gold reserve.
The existing open-pit mine is looking to expand and Asia Now has all of the surrounding land covering 586 square kilometres.
The results released today by Asia Now expand the known gold-silver zone near the mine by 280 metres confirming the main zone extends at least 660 metres from the existing mine and is still open to the north and the west.
The grades of gold that Asia Now has recently confirmed on its property is higher than the resource at the adjacent mine. Based on this, the company is motivated to move full steam ahead and in addition to the two drill rigs currently working this property, two more will be added to speed up the process of defining a resource at Beiya.