Asia Now Resources Corp.
TSX VENTURE : NOW

Asia Now Resources Corp.

February 28, 2012 08:30 ET

Asia Now Extends Beiya Main Gold, Silver and Polymetallic Zone to 2,480 Metres Length with New Higher Grade Intersections

Including 5.8 Metres at 1.0 g/t Gold, 121.6 g/t silver and 9.9% Lead and Zinc and 10.5 Metres at 1.0 g/t gold, 48 g/t Silver and 4.8% Lead and Zinc

TORONTO, ONTARIO--(Marketwire - Feb. 28, 2012) - Asia Now Resources Corp. (TSX VENTURE:NOW) reports today the assay results for 33 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 2,480 metres by 180 to 700 metres; 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. These new assay results summarized in the Appendix were not included in the initial NI43-101 resource estimate of Beiya North (see news release dated December 8, 2011).

Some notable intersections include:
Drill hole ZK1020 intersected 5.8 metres grading 0.96g/t gold, 121.6g/t silver, 9.9% lead and zinc, including 1.5 metres at 2.1 g/t gold, 169g/t silver and 14.4% lead and zinc;
ZK1053 intersected 1.3 metres grading 0.35g/t gold, 375g/t silver and 26.1% lead and zinc;
ZK1450 intersected 10.5 metres grading 0.22g/t gold, 89.1g/t silver, 0.3% copper and 3.9% lead and zinc, including 1.5 metres grading at 1.0g/t gold, 308g/t silver, 1.68% copper and 6.1% lead and zinc;
ZK1865 intersected 1.5 metres grading 4.0g/t gold and 14g/t silver;
ZK2662 intersected 10.5 metres grading 0.97g/t gold, 48g/t silver and 4.8% lead and zinc, including 1.5 metres grading 2.68g/t gold, 94g/t silver and 7.7% lead and zinc, and 1.5 metres grading 2.86g/t gold and 19g/t silver;
ZK2670 intersected 1.7 metres grading 2.18g/t gold and 21g/t silver;
ZK3466 intersected 4.5 metres grading 0.22g/t gold, 58g/t silver and 4.7% lead and zinc including 1.5 metres grading 0.36g/t gold, 148g/t silver and 10% lead and zinc;
ZK4278 intersected 6.8 metres grading 0.21g/t gold and 65.8g/t silver and 3.7% lead and zinc, including 1.7 metres grading 0.4g/t gold, 225g/t silver and 5.7% lead and zinc.

Dr. Noel White, Chief Technical Advisor to the Company, said, "We are very pleased that not long after completing an initial NI43-101 resource estimate late last year, we have already expanded the main zone at Beiya. The continuing growth at Beiya is encouraging us to commence a pre-feasibility study as soon as possible. In addition to finalizing our preparations for the study we will continue to drill several new highly prospective copper-gold targets in the Beiya area."

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 has established the first NI43-101 resource and continues to drill at Beiya. Under the leadership of an experienced management team, the Company is taking exploration into the next phase of success and is preparing for the potential mine development.

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.

Appendix: assay results of 33 drill holes with high-grade intercepts are highlighted below:
From
(m)
To
(m)
Interval
(m)
Au
g/t
Ag
g/t
Pb
wt%
Zn
wt%
Cu
wt%
TFe
wt%
ZK6697
147.43 148.67 1.24 0.43 29.00 1.82 0.19 0.03 35.37
148.67 149.91 1.24 0.47 16.00 0.75 0.30 0.05 32.97
147.43 149.91 2.48 0.45 22.50 1.29 0.25 0.04 34.17
ZK66101 No significant mineralization
ZK5889 No significant mineralization
ZK5892 No significant mineralization
ZK5082
60.01 63.01 3.00 0.08 37.00 3.32 0.38 8.54
99.70 101.20 1.50 0.72 29.00 5.91 0.18 0.10 32.20
184.10 187.98 3.88 0.04 15.50 0.93 0.03 0.04 24.74
ZK5074 No significant mineralization
ZK5066
185.20 186.30 1.10 <0.01 45.00 2.22 0.02 <0.01 33.14
ZK4290
150.70 152.20 1.50 0.18 34.00 2.53 0.31 0.03 16.66
165.90 168.90 3.00 0.14 22.50 1.71 0.56 0.02 9.82
214.14 217.36 3.22 0.03 57.47 5.60 0.08 18.99
ZK4282
153.43 158.56 5.13 0.46 28.67 2.82 0.34 0.07 12.87
175.55 177.62 2.07 0.77 26.00 0.34 0.22 0.13 40.79
209.50 215.61 6.11 0.38 22.64 2.18 0.41 0.05 15.33
Incl 209.5 211.00 1.50 1.21 29.00 2.42 0.89 0.10 14.73
ZK4278
100.27 107.07 6.80 0.21 65.75 2.85 0.86 0.03 13.28
Incl 101.97 103.67 1.70 0.40 225.00 4.55 1.01 0.05 13.69
189.10 197.20 8.10 0.12 29.35 2.21 0.26 0.17 31.41
Incl 192.14 194.03 1.89 0.08 45.00 4.49 0.56 0.10 34.87
237.15 239.00 1.85 1.13 9.00 0.02 0.01 0.21 8.60
ZK4270
104.80 106.46 1.66 0.24 8.00 1.92 0.99 0.08 10.96
148.76 157.85 9.09 0.15 18.81 3.08 0.35 0.07 18.99
Incl 153.03 156.03 3.00 0.27 23.00 5.28 0.51 0.14 33.18
171.23 172.90 1.67 0.06 25.00 5.11 0.19 0.04 45.05
175.90 177.40 1.50 0.26 8.00 1.06 0.11 0.02 7.21
215.93 218.93 3.00 0.45 22.00 0.46 0.11 0.07 13.01
245.93 247.43 1.50 0.28 11.00 0.27 0.06 0.04 12.15
261.82 263.32 1.50 0.37 5.00 0.13 0.02 0.04 7.96
267.86 269.36 1.50 0.13 15.00 0.93 0.53 0.02 17.16
273.86 275.03 1.17 0.06 24.00 1.75 0.16 0.02 25.34
285.53 288.53 3.00 0.08 31.00 0.10 0.20 0.49 18.49
Incl 285.53 287.03 1.50 0.09 42.00 0.08 0.06 0.70 19.17
ZK4258
135.47 144.50 9.03 0.05 31.83 1.41 1.43 0.02 16.67
Incl 136.97 138.47 1.50 0.12 51.00 2.27 4.95 0.03 28.81
ZK3783 No significant mineralization
ZK3484 No significant mineralization
ZK3477
152.33 157.11 4.78 0.28 37.33 1.44 0.21 0.12 22.94
257.41 258.91 1.50 1.30 12.00 0.06 0.05 0.08 8.57
ZK3474
189.89 192.93 3.04 0.84 25.00 1.34 0.29 0.13 45.17
Incl 189.89 191.39 1.50 1.38 16.00 1.29 0.27 0.19 50.68
197.13 199.60 2.47 0.41 40.89 0.73 0.96 0.16 29.11
ZK3470
122.65 124.15 1.50 0.12 4.00 1.06 0.35 0.02 5.31
130.30 131.80 1.50 0.11 5.00 1.31 0.29 0.02 8.46
196.85 198.35 1.50 0.27 8.00 1.06 0.18 0.04 11.85
202.10 207.80 5.70 0.52 48.79 1.21 1.52 0.15 16.41
259.72 261.56 1.84 0.79 3.00 0.09 0.03 0.03 9.54
291.15 292.65 1.50 0.54 <1 <0.01 0.01 0.01 11.40
ZK3466
128.80 133.30 4.50 0.22 58.00 4.18 0.52 0.06 10.36
Incl 128.8 130.30 1.50 0.36 148.00 9.45 0.55 0.09 10.02
160.72 175.72 15.00 0.19 28.00 2.32 0.72 0.06 10.29
Incl 172.72 174.22 1.50 0.24 85.00 5.75 2.19 0.13 9.09
178.72 182.12 3.40 0.05 41.71 4.31 0.07 0.02 16.45
Incl 178.72 180.22 1.50 0.04 54.00 6.05 0.06 0.02 19.16
ZK2690 No significant mineralization
ZK2682 No significant mineralization
ZK2670
184.61 186.48 1.87 0.97 44.00 2.81 0.42 0.08 30.94
187.64 189.03 1.39 0.15 18.00 0.89 0.07 0.13 29.71
236.94 238.44 1.50 0.19 16.00 1.21 0.01 0.06 9.64
260.76 262.47 1.71 2.18 21.00 0.46 1.21 0.14 27.10
ZK2662
169.50 180.00 10.50 0.97 48.00 3.14 1.62 0.12 15.57
Incl 171.00 172.50 1.50 2.68 94.00 5.02 2.69 0.31 26.93
Incl 172.5 174.00 1.50 2.86 19.00 0.47 0.18 0.16 12.63
ZK1865
107.92 109.42 1.50 0.15 5.00 1.68 0.40 0.07 5.08
297.83 299.33 1.50 3.97 14.00 0.03 0.02 0.29 14.02
ZK1563
195.28 196.38 1.10 0.71 3.00 0.29 0.04 <0.01 1.32
218.40 219.90 1.50 1.40 8.00 0.68 0.28 0.11 14.12
ZK1454
85.38 86.88 1.50 0.22 4.00 1.54 0.26 0.11 6.97
173.94 175.49 1.55 0.03 28.00 2.10 0.35 <0.01 8.40
205.72 206.82 1.10 0.03 23.00 1.42 0.54 0.02 2.89
ZK1450
142.08 143.58 1.50 1.37 42.00 5.01 4.48 0.09 18.80
143.58 145.01 1.43 0.51 9.00 1.86 1.35 0.04 9.12
190.53 193.53 3.00 0.10 40.00 1.36 0.93 0.04 9.34
273.36 283.86 10.50 0.22 89.14 3.38 0.47 0.29 15.37
Incl 279.36 280.86 1.50 0.99 308.00 6.04 0.13 1.68 28.01
Incl 282.36 283.86 1.50 0.05 97.00 6.41 0.24 0.05 11.85
ZK1446
182.22 183.72 1.50 1.72 27.00 0.36 0.55 0.12 22.26
ZK1053
176.35 183.85 7.50 0.25 5.40 1.67 0.39 0.03 7.44
188.36 202.84 14.48 0.17 12.90 2.05 0.52 0.03 8.54
Incl 188.36 190.11 1.75 0.24 70.00 5.51 0.18 0.02 4.14
248.60 250.10 1.50 0.08 61.00 4.16 0.45 0.05 12.99
254.60 256.10 1.50 0.13 38.00 5.19 0.42 0.05 24.18
265.10 266.60 1.50 0.07 10.00 1.38 0.34 0.02 10.78
275.91 277.24 1.33 0.35 375.00 25.75 0.40 0.15 9.85
ZK1028 No significant mineralization
ZK1020
105.04 110.85 5.81 0.96 121.62 9.08 0.79 0.11 32.45
Incl 106.54 108.04 1.50 2.09 169.00 13.35 1.02 0.13 42.78
ZK774
337.44 338.94 1.50 0.10 21.00 2.06 2.09 0.04 18.97
ZK90-1 No significant mineralization
ZK9090
211.06 212.56 1.50 0.09 10.00 <0.01 0.01 1.36 8.45
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. Since the main mineralized zone occurs in a flat shape, all the drill holes were drilled vertically.

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