Asia Now Resources Corp.

Asia Now Resources Corp.

September 17, 2009 09:15 ET

Asia Now Intersects Significant Gold Mineralization and Expands the Gold Zone at Beiya North by 280 Meters

TORONTO, ONTARIO--(Marketwire - Sept. 17, 2009) - Asia Now Resources Corp. (TSX VENTURE:NOW) is pleased to release assay results from two new drillholes recently completed at its Beiya North target area. Beiya North occurs in the middle of a 13 km long by 2 km wide gold mineralization zone that hosts the adjacent Beiya Gold Mine with production capacity of up to 100,000 ounces of gold annually, the largest open-pit gold mine in Yunnan Province, China.

Both drillholes have intersected significant gold mineralization including 6.6 meters grading 2.8g/t gold, 31g/t silver, 0.75% copper and 9.6 meters grading 2.0g/t gold, 34.7g/t silver, 6.7%lead, more see below. These holes have expanded the main gold-silver zone by 280 meters. Thus the main gold-silver zone is now confirmed to extend at least 660 meters from the mining lease of the open-pit Beiya Gold Mine, and is open to the north and west on Asia Now's property. The Company is currently focusing on the high-grade zones and continues to drill to define the extent of the resource. In addition to the two rigs currently drilling on site, two additional drilling rigs will be contracted to speed up the exploration.

Dr. Noel White, the Chief Technical Adviser of the Company, comments: "All the gold zones intersected so far are in the oxidized zone that locally extends below 300 meters from surface. The newly indicated gold-copper zone north of the main gold zone suggests a potential new mineralization center independent of the Beiya Gold Mine."

Asia Now's President, Kaihui Yang, adds: "We are intersecting better and higher-grade gold zones within the thick (over 130 meters) main gold zone at Beiya North, giving the 13 kilometer by 2 kilometer gold belt potential for multiple large mineralization systems including the producing Beiya Gold Mine. Our continued drilling program aims to define the potential economic resource of the main gold zone."

The assay results are highlighted below:

BYN-ZK252: 6.6 meters grading 2.8g/t gold, 31g/t silver and 0.75% copper; 16.9 meters at 0.55g/t gold, 56.7g/t silver including 3.06 meters at 0.55g/t gold, 125g/t silver and 5.6% lead; 8.3 meters at 0.93g/t gold and 6.4 g/t silver.

BYN-ZK252 is a vertical hole located 160 meters north of adjacent BYN-ZK348 (17.8 meters grading 2.2g/t gold, 27g/t silver; 3.0 meters grading 3.2g/t and 23g/t silver; 5.4 meters at 1.9g/t gold and 18.6g/t silver; 10.5 meters at 0.56g/t gold; 16.8 meters at 0.54g/t gold; 8.9 meters at 0.52g/t gold; see news release of February 24, 2009).

BYN-ZK2338: 9.6 meters grading 2.0g/t gold, 34.7g/t silver and 6.7%lead; 11.1 meters at 0.97g/t gold, 20.8g/t silver and 3.3% lead; 5.5 meters at 0.5g/t gold, 40.7g/t silver and 1.9% lead.

BYN-ZK2338 is also a vertical hole located on the south border of our Beiya North tenements, 120 meters south of adjacent BYN-ZK3 (52 meters grading 1.1g/t gold, 27.4g/t silver; 3.9 meters at 6.5g/t gold and 47g/t silver; 0.92 meters at 23.5g/t gold and 54g/t silver; 16.2 meters at 0.53 g/t gold and 20g/t silver; see news release of October 29, 2007).

Au Ag Cu Pb Zn
From (m) To (m) Interval g/t g/t % % %
167.89 176.22 8.33 0.93 6.38 4.64 1.07
Incl.167.89 168.72 0.83 3.75 17.00 0.26 5.14 3.47
209.94 211.44 1.50 0.45 4.00 0.59
254.58 255.24 2.28 0.40 7.00 1.00 0.47
284.01 285.51 1.50 0.29 8.00 2.15 0.63
303.51 320.41 16.90 0.55 56.73 2.72 0.62
Incl.317.35 320.41 3.06 0.55 125.00 5.58 1.56
323.91 325.06 1.15 0.40 33.00 0.86 0.28
332.21 333.71 1.50 1.81 5.00 0.26
371.55 378.10 6.55 2.77 31.29 0.75 0.43
Incl.374.55 375.55 1.00 9.40 57 2.23 0.13 0.72

31.79 33.29 1.50 0.63 4.00 0.49
71.24 72.24 1.00 0.44 5.00 0.31
115.82 118.96 3.14 0.43 8.70 4.36
125.77 127.27 1.50 1.48 4.00 0.20 0.77
129.99 132.17 2.18 0.50 14.31 2.14
135.51 137.17 1.66 1.53 7.07 1.96 0.40
151.91 152.44 0.53 2.49 14.00 0.15 3.20 0.37
155.44 158.44 3.00 0.31 5.5 0.75
162.58 165.61 3.03 0.66 10.50 1.06
169.76 170.76 1.07 0.63 10.00 0.58
171.83 181.40 11.07 0.97 20.77 3.27
187.07 188.70 1.63 0.26 41.00 0.10 3.16 0.24
226.45 227.42 0.97 1.16 23.00 6.18 0.23
229.77 239.32 9.55 1.96 34.72 6.68
260.67 266.20 5.53 0.48 40.69 0.12 1.88
280.64 282.14 1.50 0.62 36.00 0.16 1.92

Note: cutoff grades are 0.3 gram per tonne for gold and 0.2% for copper.

Asia Now has earned 72% with a possibility to increase to 90% interest in the Beiya North property where the Company is currently drilling. Beiya North is part of the Beiya project that involves two joint venture companies. Beiya North is part of the joint venture with Yunnan Non-Ferrous Geology and Mineral Resources Company Limited. The Company is earning a 70-88% interest in another joint venture with Yunnan Geology and Mineral Resources Company Limited. The Beiya project is 60 km by highway north of the city of Dali, which is a 35 minute flight from Kunming, the capital city of Yunnan. There are several daily flights, a railway and a paved highway between the two cities. The Beiya property is one of two key projects the Company is exploring in China.


Drill core samples were cut in halves using a diamond saw. One half of the core was sampled and assayed using aqua regia digestion with AAS determination for gold, and hydrochloric/perchloric (HCl/HClO4) digestion with ICP-MS determination for copper, molybdenum, silver, zinc, lead and others (a total of 35 elements). For samples with Cu grade higher than 1%, a four acid (HCl/HNO3/HClO4/HF) digestion method and AAS determination were applied. All the assays were completed at SGS-CSTC Standards Technical Sciences Co. Ltd in Tianjin in accordance with international standard ISO17025. To maintain independent quality control on the laboratory, duplicate samples are submitted from 5% of sample sites, and replicate samples are submitted for 3% of samples. In addition the laboratories use an extensive range of internal standards. External check assays are routinely performed on check samples submitted independently by the Company to other international laboratories.

Quality control and assurance programs are implemented in line with the standards of National Instrument 43-101, as described the independent 43-101 report filed on Exploration and financial controls are implemented in each of the company's exploration projects in China-as published on the website of the Company, Exploration on all of the Company's projects is conducted under the guidance of Dr. Noel C. White, a consultant to the Company and a Qualified Person as defined under National Instrument 43-101. Dr. White has read and approved this news release. Disclosure on mineralization on adjacent properties has not been verified by Dr. White and is not necessarily indicative of the Company's anticipated results. Where provided, potential quantity and grade is conceptual in nature as the Company has not conducted sufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

About Asia Now Resources:

Asia Now Resources Corp. is a mineral exploration company active in China since 2002. The Company has established offices, joint ventures and a significant network with Chinese partners. Current projects include copper, gold and silver at two major projects, with drilling underway at both. Under the leadership of an experienced management team, the Company has a sound balance sheet and sufficient working capital to take exploration into the next phase.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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