Asia Now Resources Corp.
TSX VENTURE : NOW

Asia Now Resources Corp.

April 21, 2011 09:00 ET

Asia Now Reports New Drill Results, Expands the Main Mineralized Zone to 1,360 Meters Long at Beiya North

TORONTO, ONTARIO--(Marketwire - April 21, 2011) - Asia Now Resources Corp. (TSX VENTURE:NOW) is pleased to report today the assay results for 12 drill holes recently completed at its Beiya Project, which has been regarded as one of the top ten prospects in China (see news release dated February 22, 2011) . All the drill holes intersected the mineralized zones at Beiya North as expected and expanded the main gold/silver and base metal zone to 1,360 meters by 350 to 620 meters; it remains open to the north and west. Especially promising is that these results indicate a potential new mineralized center 2 kilometres away from the adjacent open-pit Beiya Gold Mine which has over 4.5 million ounces gold resources (not a NI43-101 compliant resource) and produces 200,000 ounces of gold annually.

Dr. Noel White, the Chief Technical Advisor to the Company, said, "These are very welcome results that further expand the ore-grade zones at Beiya North. The notable grades and widths corroborate our current geological model. We are maintaining our aggressive drilling program with 20 rigs operating to develop a NI 43-101 compliant resource estimate at Beiya North as soon as this fall."

Assay results of 12 drill holes demonstrate high-grade intercepts as highlighted below; assay results for more holes are expected in May:

ZK344: intersected mineralized zones with cumulative thickness of 85.2 meters including 5 meters at 1.3 g/t gold, 98 g/t silver and 4.8% combined lead and zinc.

ZK743: intersected mineralized zones with cumulative thickness of 38.6 meters including 4.4 meters grading 3.4 g/t gold, 38 g/t silver, 0.35% copper and 4.7% combined lead and zinc; 4.7 meters at 1.7 g/t gold, 11 g/t silver and 3.9% combined lead and zinc; 1.1 meters at 5.0 g/t gold, 11 g/t silver and 4.4% combined lead and zinc; 1.0 meter at 2.2 g/t gold, 49 g/t silver, 0.5% copper and 6.9% combined lead and zinc; 1.0 meter at 9.6 g/t gold, 57 g/t silver, 0.6% copper and 3.9% combined lead and zinc.

ZK1936: intersected mineralized zones with cumulative thickness of 31.5 meters including 6.5 meters grading 2.1 g/t gold, 65 g/t silver and 3.7% combined lead and zinc; 1.5 meters at 3.5 g/t gold, 118 g/t silver and 0.4% copper; 1.5 meters at 0.9 g/t gold, 43 g/t silver and 0.9% copper.

ZK1944: intersected mineralized zones with cumulative thickness of 147.8 meters including 32 meters grading 0.4 g/t gold, 44 g/t silver and 4.5% combined lead and zinc; 9.2 meters at 1.9 g/t gold; 3.0 meters at 4.7g/t gold, 13 g/t silver and 2.1% combined lead and zinc; 1.5 meters at 7.9 g/t gold and 16 g/t silver; 9.0 meters at 0.6 g/t gold, 59 g/t silver, 6.8% combined lead and zinc; 1.5 meters at 0.7 g/t gold, 80 g/t silver and 9.7% combined lead and zinc; 1.5 meters at 0.7 g/t gold, 150 g/t silver, 0.8% copper and 14.7% lead and zinc.

ZK2346: intersected mineralized zones with cumulative thickness of 77.9 meters including 4.2 meters grading 2.3 g/t gold and 81 g/t silver; 3.9 meters at 2.5g/t gold; 1.8 meters at 5.0g/t gold; 1.5 meters at 5.3 g/t gold and 79 g/t silver; 1.2 meters at 4.2g/t gold; 8.6 meters at 1.0 g/t gold; 1.1 meters at 0.7 g/t gold, 108 g/t silver and 10.6% combined lead and zinc; 9.5 meters at 0.7g/t gold, 48 g/t silver, and 0.6% copper; 1.0 meter at 2.5 g/t gold, 44 g/t silver and 0.7% copper; 1.0 meter at 1.1 g/t gold, 172g/t silver and 4.2% copper .

ZK1540: intersected mineralized zones with cumulative thickness of 29.8 meters including 8.8 meters grading 1.1 g/t gold, 68 g/t silver and 0.4% copper; 3.0 meters at 1.9 g/t gold, 142 g/t silver and 1.0% copper; 1.5 meters at 2.2 g/t gold, 178 g/t silver, 1.3% copper and 14.7% combined lead and zinc.

ZK1544: intersected mineralized zones with cumulative thickness of 60.2 meters including 16 meters grading 1.5 g/t gold, 46 g/t silver and 2.4% combined lead and zinc; 6.0 meters at 1.9 g/t gold and 18 g/t silver; 1.5 meters at 6.5 g/t gold, 25 g/t silver and 6.0% combined lead and zinc; 1.5 meters at 2.9 g/t gold and 69 g/t silver; 1.5 meters at 2.4 g/t gold, 72 g/t silver and 7.0% combined lead and zinc; 1.5 meters at 1.7 g/t gold, 90 g/t silver and 7.6% combined lead and zinc.

ZK1552: intersected mineralized zones with cumulative thickness of 16.9 meters including 4.7 meters grading 0.4 g/t gold, 55 g/t silver and 4.0% combined lead and zinc.

ZK2666: intersected mineralized zones with cumulative thickness of 71.5 meters including 40 meters grading 0.8 g/t gold and 33 g/t silver; 26 meters at 1.0 g/t gold and 42g/t silver; 1.5 meters at 2.0 g/t gold, 54 g/t silver and 3.0% combined lead and zinc; 1.0 meters at 0.9 g/t gold, 87 g/t silver, 0.3% copper and 5.7% combined lead and zinc.

ZK1064: intersected low-grade mineralized zones with cumulative thickness of 128.6 meters including 1.5 meters grading 5.0 g/t gold and 0.3% copper and 1.0 meter at 2.1 g/t gold.

In addition to gold, silver and base metals, the mineralized zones contain a significant amount of iron in oxides. Iron oxides are being recovered from the tailings of the adjacent Beiya Gold Mine.

All the holes were drilled vertically, each stepping out 160 to 240 meters from others at Beiya North. Hole ZK2666 stepped out 240 meter to the west from ZK2658 (see news release dated February 7, 2011), and both intersected altered intrusions, confirming the proximity to a new center with potential for high-grade skarn mineralization, in addition to the center at the Beiya Gold Mine. The detailed data are being compiled, and a map showing the locations of the drilled holes and the geology will be soon available on the Company's website (www.asianow.ca).

The assay results for the 12 holes are summarized below:
From (m)To (m)Interval (m)Gold (g/t)Silver (g/t)Lead (wt%)Zinc (wt%)Copper (wt%)Iron (wt%)
ZK344
127.06128.561.500.273.001.400.55
128.56129.561.000.560.720.30
144.69146.111.420.300.690.28
277.73282.694.961.3398.003.271.47
ZK743
85.7889.103.320.395.671.290.8310.15
105.20106.411.210.272.001.210.36
168.73173.444.711.6810.962.531.4016.05
Incl 168.73169.861.134.9711.002.861.560.1027.80
182.97184.471.501.2023.004.902.200.1126.65
244.95249.384.433.3738.404.220.240.3728.20
Incl 244.95246.241.291.6312.000.240.130.137.56
Incl 246.24247.291.052.1849.006.660.240.5039.36
Incl 248.34249.381.049.6457.003.500.370.5530.75
ZK754
180.34184.704.360.159.171.920.6812.99
203.71204.921.210.2741.004.171.5012.49
219.40221.602.200.7630.735.161.4233.05
257.14258.351.211.3060.005.350.210.128.26
281.78289.357.570.2915.621.980.5911.85
ZK1064
114.71115.961.250.1014.001.510.590.11
192.73196.653.920.298.940.690.22
223.97228.574.600.156.241.380.32
302.28303.531.250.0528.003.201.4810.69
426.93427.931.002.086.000.3410.60
434.44437.182.740.126.360.468.79
444.74445.891.150.188.000.3510.77
575.85577.371.524.985.000.146.67
578.90579.901.000.9214.000.097.82
ZK1540
70.2075.925.720.216.801.980.81
Incl 71.372.401.100.308.004.031.550.1021.58
134.51135.691.180.232.001.090.20
176.90178.231.330.548.000.690.46
182.80186.573.770.236.691.100.27
193.98198.184.200.317.670.650.30
204.42205.340.920.3111.002.050.4010.30
205.34206.491.150.508.000.450.14
231.55233.051.500.2915.000.980.5814.45
248.42257.198.771.0967.500.740.220.4433.00
Incl 249.92251.421.502.20178.000.970.111.3437.76
Incl 248.42251.423.001.91142.001.290.100.9735.59
ZK1544
83.2686.263.000.412.501.210.23
93.7696.763.000.247.501.300.44
116.98118.481.501.085.001.000.22
195.46197.201.740.2410.001.440.48
265.66271.666.001.9317.501.660.290.1217.15
Incl 265.66267.161.506.4525.005.580.490.2237.24
274.66290.6716.011.5146.291.311.080.1624.89
Incl 280.66282.161.502.9069.002.410.230.1227.68
Incl 283.66285.161.502.3972.003.513.450.1228.48
Incl 286.66288.161.501.6590.002.555.000.0921.63
328.56330.061.500.1740.000.590.2423.98
ZK1552
68.2069.311.110.232.000.820.11
163.03164.421.390.263.000.760.16
224.95226.451.500.237.000.360.15
232.89233.941.050.289.004.080.3718.03
271.99273.211.220.219.000.860.3111.13
296.24300.904.660.4255.403.130.82
304.50306.001.500.3834.000.820.8211.15
ZK1881
227.21227.600.4018.001.161.2137.09
229.48230.801.3218.000.791.1521.43
ZK1936
70.4971.991.500.2462.003.600.38
94.4995.991.500.302.000.250.14
110.14111.641.500.342.000.580.17
139.07140.571.500.432.000.850.18
142.07145.073.000.198.002.851.56
Incl 143.57145.071.500.2010.003.451.990.1021.43
150.72157.226.502.0865.203.310.390.20
Incl 153.72155.221.503.47118.001.240.220.3932.93
Incl 155.22156.221.002.1678.004.150.570.2834.89
163.54165.341.800.224.003.800.3321.13
169.84170.500.660.323.001.820.23
188.51190.021.510.2113.003.300.2714.89
250.40251.901.500.9443.000.070.030.8826.36
254.90263.907.500.2130.002.680.280.1337.92
ZK1944
44.1245.621.500.0610.001.830.6414.38
62.1263.621.500.797.000.820.536.96
67.7669.261.500.827.001.020.487.60
81.91101.5519.640.303.710.660.113.78
Incl 90.4391.931.501.218.002.530.320.1616.38
122.99124.491.500.3478.001.970.143.08
130.01131.511.500.185.000.940.143.81
150.32159.479.151.857.520.920.208.34
Incl 152.37155.373.004.7313.001.770.410.181.34
Incl 152.37153.871.507.8516.002.030.530.2322.71
170.28171.781.500.583.000.440.140.115.09
288.10301.6013.500.5934.671.241.0425.99
Incl 291.1292.601.501.5274.002.207.8024.02
Incl 297.1298.601.501.0267.004.050.060.1332.72
316.60348.1432.040.4344.002.182.33
Incl 316.6325.609.000.5758.832.614.230.1520.20
Incl 319.6321.101.501.2348.002.403.9027.19
Incl 321.1322.601.500.0171.003.456.9015.13
Incl 322.6324.101.500.6580.003.905.8023.20
Incl 324.1325.601.501.0073.002.252.350.5922.93
Incl 328.3329.451.151.1347.002.104.800.1017.77
Incl 335.67337.171.501.3635.001.962.908.47
Incl 337.17338.671.500.4047.003.503.508.87
Incl 341.67343.141.470.72150.0010.204.500.8316.79
350.14351.641.500.2313.000.620.900.1210.73
357.64359.141.500.4430.000.370.550.258.97
(Drilling continues to depth)
ZK2346
80.1288.678.551.008.901.570.27
Incl 84.4785.671.204.205.001.530.33
97.8799.571.700.3710.762.170.330.1011.32
105.30106.371.070.73108.0010.200.410.1029.58
132.09133.391.300.307.002.900.540.1617.12
154.51158.413.902.513.740.470.070.05
Incl 156.61158.411.805.023.500.640.100.0914.83
194.50196.752.300.0614.001.750.26
207.29208.190.900.4414.000.810.06
232.64233.641.000.4638.000.780.3213.69
244.12250.566.440.6536.002.240.680.1025.29
Incl 245.12246.121.001.5040.003.051.370.3140.01
Incl 249.14250.561.421.1455.003.851.210.1232.85
256.81257.811.000.9540.001.880.450.2136.99
260.97265.154.182.2981.000.800.2237.00
Incl 260.97262.231.261.1362.000.160.1450.98
Incl 262.23263.731.505.3078.000.740.2242.06
313.14322.669.520.6947.950.951.230.5817.94
Incl 313.14316.643.000.2167.002.913.80
Incl 317.64318.641.002.5044.000.7233.46
Incl 318.64319.661.021.11172.004.1525.03
Incl 321.16322.661.501.4615.000.1515.94
325.58327.081.500.447.0014.94
338.36339.861.500.312.008.80
ZK2666
124.11125.841.538.003.370.5924.29
160.19199.7439.550.7733.131.420.170.1222.60
Incl 164.23190.6726.461.0341.901.730.160.1628.04
Incl 165.73167.241.511.9654.002.830.160.1731.91
Incl 172.35173.391.040.9387.004.990.680.2725.67
Incl 177.54178.991.451.6724.000.730.230.1123.28
Incl 182.6184.001.401.1550.002.930.160.1531.32
Incl 185.5187.011.500.3678.005.640.270.1524.73
268.40269.851.451.112.00
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 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.

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 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 (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