Asia Now Resources Corp.
TSX VENTURE : NOW

Asia Now Resources Corp.

September 27, 2011 07:45 ET

Asia Now Drills 16.1 Meters at 2.1 g/t Gold and 15.7 Meters at 61.4 g/t Silver and 7.8% Lead and Zinc; Expands the Beiya North High-Grade Gold, Silver and Base Metal Zone to 2,160 Meters Long

TORONTO, ONTARIO--(Marketwire - Sept. 27, 2011) - Asia Now Resources Corp. (TSX VENTURE:NOW) reports today the assay results for 11 drill holes recently completed at its Beiya Project, one of the most prospective areas in China (see news release dated February 22, 2011). These new drill holes expand the main gold-silver and base metal zone to 2,160 meters by 150 to 700 meters; it remains open to the northwest and east. The main zone is adjacent to the open-pit Beiya Gold Mine that produces 200,000 ounces of gold annually.

Some notable intersections include: hole ZK1548 intersected 16.1 meters grading 2.1 g/t gold including 1.9 meter at 6.3 g/t gold, 1.5 meters at 6.5 g/t gold and 1.1 meters at 5.0 g/t gold; ZK5070 intersected 15.7 meters grading 61.4 g/t silver and 7.8% lead and zinc, including 3.0 meters at 155 g/t silver and 22.0% lead and zinc; ZK1853 intersected 3.8 meters grading 0.5 g/t gold, 131 g/t silver and 8.2 % lead and zinc; ZK1857 intersected 1.0 meter grading 8.6 g/t gold and 32 g/t silver.

Dr. Noel White, Chief Technical Advisor to the Company, said, "Our ongoing drilling at Beiya continues to reveal dimensions exceeding our positive expectations. We are very pleased that these new results indicate consistent high grade values along the main zone to the northwest. They will make a positive contribution to our upcoming initial NI43-101 resource estimate this fall. Our aim is to develop Beiya as fully and aggressively as possible. Once we conclude our resource estimate we want to commence a pre-feasibility study, but we will also continue to vigorously explore several new highly prospective copper-gold targets at Beiya."

In addition to the main zone, the Company has recently identified 4 new targets highly prospective for high-grade copper-gold systems in the Beiya area. Drill rigs have been mobilized to test the ground magnetic anomalies coupled with soil geochemical anomalies in favourable geological structures. IP programs are planned to define sulphide zones at depth in these targets.

Assay results of 11 drill holes with high-grade intercepts are highlighted below:

From
(m)
To
(m)
Interval
(m)
Gold
(g/t)
Silver
(g/t)
Lead
(wt%)
Zinc
(wt%)
Copper
(wt%)
Total Iron (wt%)
ZK1548
138.72 140.22 1.50 0.10 13.00 4.15 0.56 0.06 31.87
164.40 165.90 1.50 0.71 <1 0.66 0.07 0.05 2.14
191.44 194.12 2.68 1.35 8.40 0.77 0.11 0.03 9.10
272.22 280.09 7.87 0.65 34.22 2.46 0.82 0.04 16.84
Incl 273.42 274.92 1.50 0.68 91.00 8.70 0.95 0.12 28.98
Incl 274.92 276.01 1.09 1.79 36.00 2.02 1.91 0.04 25.46
326.48 327.81 1.33 1.59 3.00 0.03 0.02 0.02 7.77
331.65 347.79 16.14 2.13 8.57 0.06 0.05 0.12 16.54
Incl 331.65 333.50 1.85 6.25 17.00 0.12 0.03 0.11 30.02
Incl 338.00 339.50 1.50 6.50 7.00 0.04 0.05 0.11 18.99
Incl 339.54 341.98 2.44 1.43 12.00 0.04 0.04 0.30 14.92
Incl 344.40 345.53 1.13 4.97 13.00 0.07 0.05 0.14 15.64
350.79 352.29 1.50 0.90 <1 <0.01 0.01 0.01 8.47
356.79 358.29 1.50 2.08 5.00 0.02 0.01 0.10 12.91
ZK1857                
157.29 160.65 3.36 0.31 21.75 2.02 2.35 0.02 8.25
235.75 236.75 1.00 8.60 32.00 1.09 0.04 0.09 19.86
279.71 285.71 6.00 0.11 54.75 3.42 0.14 0.11 23.97
Incl 281.21 282.71 1.50 0.04 77.00 5.65 0.17 0.06 22.56
ZK1853                
27.04 28.54 1.50 0.35 25.00 2.20 0.93 0.06 18.55
93.95 109.68 15.73 0.44 67.12 3.74 0.92 0.08 21.51
Incl 95.36 99.18 3.82 0.52 131.02 6.87 1.36 0.08 25.55
Incl 96.52 97.68 1.16 0.27 199.00 7.31 2.01 0.10 27.25
Incl 100.68 102.18 1.50 1.19 63.00 2.70 0.55 0.17 33.08
Incl 105.18 106.68 1.50 0.16 77.00 5.44 2.09 0.06 19.67
166.45 168.18 1.73 0.15 24.00 1.45 1.91 0.03 7.83
174.18 175.68 1.50 0.08 22.00 0.68 0.59 0.11 10.94
184.68 186.18 1.50 0.03 17.00 1.04 0.41 0.07 7.00
193.68 206.87 13.19 0.13 38.91 1.52 0.19 0.02 20.53
Incl 196.68 198.18 1.50 0.05 65.00 2.56 0.22 0.03 23.13
Incl 204.18 205.68 1.50 0.01 68.00 2.50 0.69 0.02 20.21
ZK5070                
125.20 140.86 15.66 0.28 61.37 6.67 1.13   11.39
Incl 126.9 128.40 1.50 0.46 210.00 29.19 2.41 0.01 19.13
Incl 126.9 129.90 3.00 0.33 155.00 20.05 1.90 0.02 20.88
Incl 131.15 132.25 1.10 1.41 35.00 1.53 1.42   2.82
Incl 133.34 134.86 1.52 0.13 86.00 9.41 0.32 0.03 17.43
148.36 151.36 3.00 0.02 13.50 1.19 0.05   5.31
157.98 159.10 1.12 0.07 44.00 4.22 0.12   16.32
ZK5078                
150.01 165.62 15.61 0.09 22.95 1.74 0.30 0.08 15.88
Incl 156.42 157.82 1.40 0.46 41.00 4.28 0.04 0.07 28.94
Incl 159.52 161.12 1.60 0.05 43.00 5.35 0.85 0.10 22.06
175.65 177.30 1.65 0.14 10.00 0.73 0.41 0.02 17.00
230.69 232.19 1.50 0.01 18.00 0.74 0.29 0.01 27.05
ZK5086                
131.68 135.43 3.75 1.35 39.50 1.28 0.67 0.38 36.56
Incl 133.56 135.43 1.87 2.44 42.00 1.16 0.44 0.36 40.43
195.72 197.27 1.55 0.03 8.00 0.11 0.02 0.03 32.74
201.68 203.18 1.50 0.05 36.00 1.79 0.02 0.04 16.61
ZK5878                
72.98 74.28 1.30 0.15 3.00 1.29 0.43 0.01 6.11
77.28 78.78 1.50 0.27 3.00 1.27 0.39 0.02 6.65
165.97 167.12 1.15 <0.01 51.00 0.01 0.04 0.01 6.76
185.43 186.62 1.19 <0.01 12.00 0.83 0.03 0.03 7.64
ZK5885                
124.17 134.55 10.38 0.03 14.46 1.41 0.04 0.05 16.51
Incl 124.17 128.55 4.38 0.04 25.37 2.19 0.05 0.09 30.31
157.65 162.33 4.68 0.13 48.87 3.61 0.02 0.07 24.00
Incl 159.15 160.65 1.50 0.09 68.00 6.27 0.02 0.14 20.73
171.33 172.83 1.50 0.02 32.00 2.64 0.19 <0.01 13.24
177.45 179.29 1.84 0.07 42.00 0.94 0.02 0.17 26.13
207.97 209.47 1.50 0.58 3.00 0.19 0.03 <0.01 6.93
ZK6681                
153.40 156.13 2.73 0.27 14.90 1.61 0.16   14.90
ZK6689                
75.32 79.82 4.50 0.58 35.67 1.46 0.12 0.31 15.97
Incl 75.32 76.82 1.50 1.03 54.00 1.18 0.06 0.39 20.18
102.81 107.19 4.38 0.60 19.99 1.41 0.04 0.08 21.68
116.16 117.79 1.63 0.04 40.00 2.59 0.09 0.02 19.79
119.41 121.03 1.62 0.01 9.00 1.44 0.15 0.03 7.06
ZK7493                
76.55 79.02 2.47 0.04 50.83 7.30 1.02 0.02 13.49
Incl 76.55 77.64 1.09 0.05 81.00 12.45 0.36 0.01 15.34
Note: cutoff grades are 0.5 grams per tonne for gold and 1.0% for combined lead and zinc. The interval is a drill intercept width; the true thickness is unknown as yet.

Asia Now has earned 72% with the option of increasing to 90% our 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 70% with the possibility of earning up to 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.

SAMPLING, ASSAYING, QUALITY CONTROL AND QUALIFIED PERSON

Drill core samples were cut in halves using a diamond saw. One half of the core was sampled and assayed using a four acid (HCl/HNO3/HClO4/HF) digestion method and AAS determination for gold, silver, lead, zinc, copper and iron. All the assays were completed at Intertek Testing Service Ltd (Shanghai) in accordance with international standard ISO17025. To maintain independent quality control on the laboratory, duplicate samples are submitted from 5% of sample sizes, replicate samples are submitted for 3% of samples, and the Company's internal standards are submitted for 2-3% 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 (e.g., SGS-CSTC Standards Technical Sciences Co. Ltd in Tianjin).

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 www.sedar.ca. Exploration and financial controls are implemented in each of the Company's exploration projects in China, as published on the website of the Company, www.asianow.ca. 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, Beiya and Habo, both in China. The Company is currently drilling for the NI43-101 resource at Beiya. Under the leadership of an experienced management team, the Company is taking exploration into the next phase of success.

This Press Release contains certain forward-looking statements. We have tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect our current belief and are based upon currently available information. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Corporation's actual results, performance or achievements to differ materially from those expressed in or implied by such statements. We undertake no obligation to update or advise in the event of any change, addition or alteration to the information contained in this Press Release including such forward-looking statements, unless otherwise required under applicable law.

Neither the 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.

Contact Information

  • Asia Now Resources Corp.
    Kaihui Yang
    President
    +1 (416) 364-7281

    Asia Now Resources Corp.
    Andreas Curkovic
    Investor Relations
    +1 (416) 577-9927
    info@asianow.ca
    www.asianow.ca