Asia Now Resources Corp.
TSX VENTURE : NOW

Asia Now Resources Corp.

June 21, 2011 09:00 ET

Asia Now Reports New High Grade Polymetallic Drill Results, Expands the Main Mineralized Zone to 1,680 Meters Long at Beiya North

TORONTO, ONTARIO--(Marketwire - June 21, 2011) - Asia Now Resources Corp. (TSX VENTURE:NOW) reported today the assay results for 20 drill holes recently completed at its Beiya Project, one of the most prospective areas in China (see news release dated February 22, 2011). All the new drill holes intersected the mineralized zones at Beiya North as expected and expanded the main gold/silver and base metal zone to 1,680 meters by 350 to 700 meters; it remains open to the north, west and east. In addition, two on-going drill holes indicate a potential new mineralized zone east of the known Beiya North zone that is adjacent to the open-pit Beiya Gold Mine which produces 200,000 ounces of gold annually.

Dr. Noel White, the Chief Technical Advisor to the Company, said, "These new results at Beiya continue to meet or exceed our targets. We are particularly pleased by the consistent demonstration of high grade values and by the further intersections of new mineralized zones. These results will make a positive contribution to our upcoming resource estimate."

At Beiya North, 85 drill holes totalling 35,853 meters have been completed, and 69 holes intersected the mineralized zones. The Company has started metallurgical testing, environmental assessment, hydrological survey and geo-engineering measurements in preparation for potential mine development. The project consultants, Roscoe Postle and Associates (RPA), have already visited the Beiya project and are working on an inaugural NI43-101 report and resource estimate, which is scheduled to be completed as soon as this fall.

Assay results of 20 drill holes demonstrate high-grade intercepts are summarized in appendix, assay results for more holes are expected in July. Selected results are highlighted below:

From
(m)
To
(m)
Interval
(m)
Gold
(g/t)
Silver
(g/t)
Lead
(wt%)
Zinc
(wt%)
Copper
(wt%)
Total
Iron
(wt%)
ZK2129
219.41232.5013.090.5671.457.040.390.1033.26
Incl 219.41221.912.500.47124.609.510.480.1438.43
Incl 226.83227.931.101.05264.0010.920.200.1437.31
ZK240
258.25259.751.502.4791.005.011.590.1031.00
ZK1536
222.17240.9018.731.5451.462.630.540.0923.82
Incl 226.67227.801.132.6632.004.200.310.1820.09
Incl 228.9236.407.502.8080.403.980.760.0933.93
Incl 231.9233.401.504.6461.006.000.820.1232.77
ZK1141
95.85100.354.500.325.002.300.920.0612.97
Incl 97.3598.851.500.699.005.081.820.1328.54
327.00328.501.509.4532.000.060.030.3615.48
ZK4274
174.30178.404.100.4883.298.650.180.1927.04
Incl 175.5177.001.500.58145.0016.800.130.3733.86
255.98260.224.242.328.630.480.150.1022.10
Incl 255.98257.481.503.2810.000.030.030.1528.32
ZK344
277.73282.694.961.3398.173.271.470.0620.46
Incl 277.73278.731.001.22122.005.052.550.0930.45
Incl 279.76281.261.501.96166.002.951.190.0616.57
ZK656
198.10199.601.502.1926.002.890.100.108.01
ZK2674
204.86206.211.351.2280.005.241.140.0933.55
ZK648
141.94154.1012.160.2563.143.160.520.036.43
Incl 148.05149.601.550.72470.0017.901.270.0614.16
215.62223.477.850.2331.823.330.730.0413.31
Incl 221.81223.471.660.6166.008.901.460.1329.70
ZK248
141.86143.161.302.5028.004.351.670.0719.00
ZK1156
230.98239.989.000.2713.503.101.370.0316.81
Incl 232.48233.981.500.3317.004.402.550.0623.87
294.31296.672.361.3823.004.270.860.2235.59
Incl 294.31295.411.102.1223.004.800.710.3142.32
ZK2674
204.86206.211.351.2280.005.241.140.0933.55
ZK758
171.62177.626.000.744.751.430.310.067.11
Incl 176.12177.621.502.4510.003.240.730.1417.45
241.87245.143.271.7611.532.431.100.0720.75
Incl 243.54245.141.601.9210.002.360.940.0720.84
302.41305.413.000.2566.007.060.070.1112.56
Incl 302.41303.911.500.1584.009.070.100.1315.56

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, 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.

Appendix:
From
(m)
To
(m)
Interval
(m)
Gold
(g/t)
Silver
(g/t)
Lead
(wt%)
Zinc
(wt%)
Copper
(wt%)
Total
Iron
(wt%)
ZK2129
64.9570.735.780.293.281.190.620.027.88
219.41232.5013.090.5671.457.040.390.1033.26
Incl 219.41221.912.500.47124.609.510.480.1438.43
Incl 226.83227.931.101.05264.0010.920.200.1437.31
ZK240
258.25259.751.502.4791.005.011.590.1031.00
259.75261.371.620.1534.002.272.310.0924.83
ZK1536
107.98155.0747.090.043.470.670.240.023.78
173.07193.5820.510.3315.072.210.570.0313.39
Incl 173.07177.574.500.4617.672.950.720.0317.25
Incl 180.03181.531.500.209.003.000.550.0317.02
Incl 184.53186.031.500.5125.004.200.970.0621.80
Incl 184.53189.034.500.5920.003.630.920.0520.44
222.17240.9018.731.5451.462.630.540.0923.82
Incl 226.67227.801.132.6632.004.200.310.1820.09
Incl 228.9236.407.502.8080.403.980.760.0933.93
Incl 231.9233.401.504.6461.006.000.820.1232.77
ZK1141
95.85100.354.500.325.002.300.920.0612.97
Incl 97.3598.851.500.699.005.081.820.1328.54
166.35184.3518.000.153.250.780.190.023.52
188.64199.1410.500.2312.431.230.420.027.21
Incl 197.64199.141.500.3315.001.850.590.0310.63
240.80249.809.000.1511.670.810.230.0210.73
327.00328.501.509.4532.000.060.030.3615.48
ZK4274
103.60105.101.500.097.001.011.580.026.47
174.30178.404.100.4883.298.650.180.1927.04
Incl 175.5177.001.500.58145.0016.800.130.3733.86
193.70202.208.500.3822.331.520.260.0621.92
Incl 201202.201.200.3747.003.500.210.0727.19
255.98260.224.242.328.630.480.150.1022.10
Incl 255.98257.481.503.2810.000.030.030.1528.32
ZK344
125.69130.935.240.231.820.870.350.024.83
166.67170.603.930.103.791.150.500.014.63
277.73282.694.961.3398.173.271.470.0620.46
Incl 277.73278.731.001.22122.005.052.550.0930.45
Incl 279.76281.261.501.96166.002.951.190.0616.57
ZK1873
187.69202.0414.350.1421.801.130.860.0214.83
Incl 200.95202.041.090.2118.003.451.530.0422.95
211.84217.475.630.2237.362.352.560.0516.78
Incl 214.76216.001.240.4261.004.454.690.0833.43
229.01229.910.900.0718.001.582.380.038.23
238.37239.521.150.3529.003.100.140.0710.05
242.71255.8913.180.2329.691.780.170.0719.37
Incl 244.21249.164.950.4153.974.100.220.0826.51
Incl 248.06249.161.100.1378.007.320.080.1228.25
ZK656
68.2669.341.080.2221.003.150.450.033.23
198.10199.601.502.1926.002.890.100.108.01
ZK2674
204.86206.211.351.2280.005.241.140.0933.55
219.71222.252.540.2129.090.960.180.0717.14
225.25226.751.500.0329.003.750.040.013.88
ZK648
141.94154.1012.160.2563.143.160.520.036.43
Incl 148.05149.601.550.72470.0017.901.270.0614.16
157.10158.601.500.135.001.520.760.038.70
206.23207.791.560.2711.002.851.340.0217.34
215.62223.477.850.2331.823.330.730.0413.31
Incl 218.29219.791.500.1964.003.600.690.0214.00
Incl 221.81223.471.660.6166.008.901.460.1329.70
ZK261
113.18114.681.500.911.000.020.08<0.012.53
131.33149.3318.000.1810.081.080.180.014.27
Incl 138.83140.331.500.6254.002.930.190.025.87
224.55226.001.450.0612.001.240.630.017.11
285.63289.333.700.1412.921.340.610.0410.20
292.33293.831.500.6611.000.990.190.027.95
359.17360.271.100.548.000.020.010.1924.96
ZK1952
69.6680.1610.500.313.570.440.012.94
90.6693.663.000.592.500.720.080.012.11
101.16110.169.000.2211.171.280.190.044.57
Incl 105.66107.161.500.5041.003.400.390.088.24
134.14137.143.001.2021.000.220.110.0917.29
278.16284.166.000.5632.500.960.160.0719.82
Incl 279.66281.161.501.7553.000.610.020.1238.82
292.81293.811.000.7914.000.690.180.0720.02
307.31308.811.501.1911.000.080.030.1113.98
318.15319.651.500.525.000.010.010.1315.02
ZK248
138.36147.669.300.675.201.350.516.13
Incl 139.86140.861.000.922.001.250.530.018.54
Incl 141.86143.161.302.5028.004.351.670.0719.00
153.60156.552.950.523.001.920.500.047.04
183.55185.051.500.791.000.750.230.013.73
203.41205.632.220.214.001.760.860.0410.28
215.23218.273.040.3615.001.400.840.0311.12
238.15244.156.000.186.500.890.440.025.43
249.96251.171.210.1016.001.950.610.039.15
318.10319.251.150.0211.000.010.020.566.88
ZK735
191.67193.171.500.2130.001.790.710.026.29
ZK652
85.9499.4413.500.091.380.800.410.033.55
108.44120.4412.000.092.130.680.300.012.76
216.76224.267.500.128.600.750.330.015.33
246.76248.261.500.3312.000.810.130.036.44
270.76272.261.500.7726.003.650.310.0132.53
ZK1156
149.20152.203.000.0611.501.470.130.063.55
159.70161.201.500.034.001.080.210.014.20
230.98239.989.000.2713.503.101.370.0316.81
Incl 232.48233.981.500.3317.004.402.550.0623.87
294.31296.672.361.3823.004.270.860.2235.59
Incl 294.31295.411.102.1223.004.800.710.3142.32
314.38315.881.500.0517.001.360.010.016.99
ZK2674
204.86206.211.351.2280.005.241.140.0933.55
219.71222.252.540.2129.090.960.180.0717.14
225.25226.751.500.0329.003.750.040.013.88
ZK758
171.62177.626.000.744.751.430.310.067.11
Incl 176.12177.621.502.4510.003.240.730.1417.45
182.12183.621.500.222.000.580.110.022.53
185.12186.621.500.363.000.760.130.023.04
225.18226.681.500.1351.002.770.670.0223.53
241.87245.143.271.7611.532.431.100.0720.75
Incl 243.54245.141.601.9210.002.360.940.0720.84
269.46270.961.500.406.001.080.240.0111.24
288.26289.931.670.2820.001.410.200.0531.15
302.41305.413.000.2566.007.060.070.1112.56
Incl 302.41303.911.500.1584.009.070.100.1315.56
ZK5078
150.01165.6215.610.0922.951.740.300.0815.88
Incl 156.42157.821.400.4641.004.280.040.0728.94
Incl 159.52161.121.600.0543.005.350.850.1022.06
175.65177.301.650.1410.000.730.410.0217.00
230.69237.737.040.0212.120.240.080.0124.63
ZK1060
221.70224.212.510.1016.001.950.150.028.19
284.40289.905.500.2127.552.260.030.0413.99
Incl 285.9287.401.500.3659.005.040.040.0718.85
318.65320.151.500.9729.001.030.020.1919.18
322.65323.881.230.1818.000.190.160.2510.01
327.08328.641.561.104.000.020.010.0613.89
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.

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