Wednesday, 18 August 2010

Asia Now Identifies Three New Copper/Gold/Moly Porphyries

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

Asia Now's Habo property looks to have something in common with some of the worlds largest porphyry systems. Habo sits in the Tethyan magmatic belt which hosts massive systems like Sar Cheshmeh in Iran and Reko Diq in Pakistan.

Work completed in 2008 at Habo South proved a copper-gold-molybdenum porphyry system that was 2.3 km long by 1.3 km wide; a great start.

Habo is a very large property covering an area of 162 square kilometers. Extensive surface work has just been completed over a 40 square kilometer area at Habo North and East and found that the property contains three new porphyry systems that warrant further exploration. Assays from 636 rock-chip samples have returned with showings of up to 3.1 grams per ton of gold, 0.42% copper, 0.29% moly and 172 g/t of silver.

Dr. Kaihui Yang, President of Asia Now was quoted as saying that “We are planning a program that will include extensive trenching, tunnelling and drilling to test these new mineralized porphyries. We will continue to focus on high-grade porphyry systems that have potential for bulk tonnage, open-pittable mining at Habo.”
See full news release and assay results here........