Asia Now Resources Corp.
TSX VENTURE : NOW

Asia Now Resources Corp.

November 06, 2006 11:13 ET

Asia Now Begins Drilling at Beiya Gold Project in China

TORONTO, ONTARIO--(CCNMatthews - Nov. 6, 2006) - Asia Now Resources Corp. (TSX VENTURE:NOW) is pleased to announce the start of a diamond drill program on its Beiya Project in Yunnan Province, China. The drill program includes an initial two holes. Further drilling will be based on results from those initial holes.

The initial two holes will total 700 metres located in a mineralized zone that extends from the adjacent, operating open-pit Beiya gold mine owned by the Company's joint venture ("JV") partner, Yunnan Geology and Mineral Resources Company Limited ("YGMR"). Drill targets were selected after the area was recently mapped and sampled in detail. Results from chip and channel samples taken across a stockwork system over 100 metres wide at surface returned values ranging from 0.3 to 20.0 grams per tonne (g/t) gold, with most results between 0.5 and 2.0 g/t gold. The Company believes the stockwork and veins are probably related to a felsic intrusion similar to that in the open pit of the adjacent Beiya gold mine.

These targets are the first to be tested from more than 20 gold showings the Company found from its ground magnetic and soil geochemical programs. The targets being drilled are located in the south part of the Tanyao gold anomalous zone that extends over 12 kilometres from the existing Beiya gold mine to the northeast. In this zone, gold occurs associated with copper, zinc, lead and molybdenum anomalies, surrounded by weak arsenic, antimony and mercury anomalies. The ground magnetic data define an associated pronounced magnetic ridge, which is interpreted to correspond to an underlying intrusion, believed to be the source of the mineralization.

The Company is also working on another major gold anomaly, the Beiya North anomaly, which covers more than six square kilometres. The Beiya North anomaly has gold values in soils up to 1.9 grams per tonne and is associated with high levels of arsenic, mercury and antimony, but weak or no copper, zinc and lead. This geochemical signature is characteristic of Carlin-type gold deposits and differs significantly from anomalies elsewhere in the area, even though felsic intrusions are found throughout. No significant ground magnetic anomaly has been found in the area, and the associated geology supports the interpretation that Carlin-type mineralization is the probable cause of the anomaly.

The Beiya project covers approximately 350 sq. km in Yunnan Province and involves two JV companies. The Company is earning a 70% interest in a JV with partner YGMR and a 72% interest in a JV with partner Yunnan Non-Ferrous Geology and Mineral Resources Company Limited. The project area is 60 km by highway north of the city of Dali, which is a 35-minute flight from Kunming, the capital city of Yunnan Province. There are several daily flights, a railway and a paved highway between the two cities.

Exploration targets at Beiya include magnetite replacement bodies such as occur at the Beiya gold mine, skarns, porphyry copper-gold deposits and sediment-hosted gold deposits (Carlin-type). Soil sampling has been conducted on a grid of 400 metres or 200 metres line spacing, by 40 metres sample spacing. A total of 6,932 soil samples have been collected over the Xiyi, Bijiashan and Tanyao blocks. All samples were assayed for nine elements; gold, silver, arsenic, antimony, mercury, bismuth, lead, copper, and zinc. Systematic ground magnetic surveys were conducted on a grid of 400 metres or 200 metres line spacing, by five metres station spacing. A total of 599 line kilometres and 120,196 stations have been measured in the licensed exploration area.

The Beiya Project is one of the four projects the Company is undertaking in China.

SAMPLING, ASSAYING, QUALITY CONTROL AND QUALIFIED PERSON

Details of soil sampling procedures and laboratory checks are provided in the NI 43-101 report filed on SEDAR. All geochemical samples are collected by experienced field exploration teams following Chinese standard procedures and the requirements of the Company, and closely monitored by Company personnel.

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 by the laboratory to The National Geological Laboratory, Beijing, and independently by the Company to Ultra Trace Analytical Laboratories, Canning Vale, Western Australia.

Ground geophysical programs were carried out by experienced field exploration teams following Chinese standard procedures and the Company's requirements, and closely monitored by Company personnel.

The ground magnetic surveying was conducted using NEVI high sensitivity magnetometers imported from Canada. The magnetometers have sensitivity of 0.1 nT and absolute accuracy of plus or minus 1 nT. The instruments were calibrated on site before being used for the surveys, and readings were corrected against measurements of diurnal variations. The base magnetic field strength was determined by the average of 369 readings. Each site measurement was taken by two readings with the detector 1.5 metre above the surface.

The measured sites were located using GPS and compass as positioning tools and were recorded in field notebooks. The GPS automatically recorded the coordinates and the routes of sampling. The records in each GPS were transferred into Mapsource software, forming a map showing the measuring track; hand records were input into the computer producing a measurement database.

To assure the quality control of the ground magnetic survey, over 3% of the measurement sites were checked. The magnetic data were processed following standard procedures. The readings were corrected against various sources of error before they were processed. The total error was estimated to be within plus or minus 4 nT. The magnetic susceptibility of each rocks-type in the surveyed area was measured to assist the interpretation of the magnetic data.

Exploration on all of the Company's projects is conducted under the supervision of Dr. Noel C. White, a Director of the Company and 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 resources 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 Canadian mineral exploration company focused solely on projects in the People's Republic of China. To learn more about Asia Now Resources, please visit its web site at www.asianow.ca.

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