Monday, 9 August 2010

Asia Now Finds High-Grade Gold

Asia Now (TSX-V: NOW)
Basic Shares: 65.5 million
Fully Diluted: 68.3 million
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For some time, Asia Now has been drilling on its Beiya North property which sits adjacent to the largest gold mine in Yunan Province, which is reportedly expanding annual production to 200 thousand ounces.

The existing open-pit mine is looking to expand and Asia Now has all of the surrounding land covering 586 square kilometres.

To date for this year, Asia Now drilled seven holes at Beiya North. Four of them have come back with significant mineralization.

High grade gold and silver were found in four of the new drill holes proving that the gold/silver zone extends at least 940 meters from the existing gold mine. This gold/silver zone is still open to the north and west.

Assay results came in with showings of up to 10 grams per tonne of gold and 324 grams per tonne of silver with strong lead and zinc showings.

These recent drillholes intersected high-grade intercepts ranging from 0.9 to 8.7 meters grading 2.0-10.0(grams per tonne)g/t gold, 145-324 g/t silver, 0.4-1.0% copper and 15.3-35.3% combined lead and zinc.

See full news release and assay results here......