Asia Now Resources Corp.
TSX VENTURE : NOW

Asia Now Resources Corp.

September 04, 2007 11:02 ET

Asia Now's Tunnels Intersect More Mineralized Zones of Copper-Gold Porphyry at Habo

TORONTO, ONTARIO--(Marketwire - Sept. 4, 2007) - Asia Now Resources Corp. (TSX VENTURE:NOW) is pleased to announce assay results from additional four adits testing the subsurface primary mineralization of a large copper-gold porphyry system at its Habo Project in Yunnan Province, China.

The new tunnels (adits PD4, PD5, PD6 and PD7) were driven for up to 135 metres into different parts of the large mineralized area and all stopped in mineralization. They are 500 to 800 metres from the first drillhole that intersected 17 metres at 0.96% copper near surface, as reported previously, and confirm the wide extent of the mineralization. Assay results for these tunnels and a pre-existing tunnel (LD2) are summarized as follows:



------------------------------------------------------------------------
Intersection of
Tunnel Length Mineralization (m) Cu(%) Mo(%) Au (g/t) Cu eq(%)
------------------------------------------------------------------------
PD4 76.5 71.6 0.12 0.001 0.000 0.13
------------------------------------------------------------------------
PD5 129.9 128.0 0.19 0.002 0.008 0.24
------------------------------------------------------------------------
PD6 80 25.6 0.13 0.005 0.004 0.22
------------------------------------------------------------------------
135.1 133.0 0.13 0.012 0.000 0.33
-----------------------------------------------------------------
including 2.00 0.55 0.002 0.000 0.58
2.00 0.12 0.047 0.000 0.89
----------------------------------------------
11.30 0.15 0.024 0.000 0.54
----------------------------------------------
PD7 2.00 0.44 0.020 0.000 0.78
----------------------------------------------
13.90 0.10 0.025 0.000 0.52
----------------------------------------------
18.30 0.12 0.025 0.000 0.53
----------------------------------------------
4.00 0.17 0.027 0.000 0.62
----------------------------------------------
2.90 0.18 0.022 0.000 0.55
------------------------------------------------------------------------
LD2 Chip sample (LD2H2) 2.44 0.034 1.050 3.51
-----------------------------------------------------------------
Chip sample (LD2H3) 1.73 0.036 0.470 2.56
------------------------------------------------------------------------

Note: Copper equivalence was calculated assuming US$1.50/lb copper,
US$25/lb molybdenum, US$500/oz gold. Metallurgical recoveries and net
smelter returns are assumed to be 100%.


"These results, in addition to previously reported results, confirm the presence of mineralization over a very large area, with local high grade intervals. This style of mineralization is amenable to large-scale open-pit mining where suitable grades occur," said Dr. Noel White, a consultant and Director for Exploration of the Company. "Obviously, it is a very large mineral deposit, but not yet proved as a large economic ore deposit. We are testing it by tunnelling and drilling, and we still need to focus attention on the other mineralization systems in the Habo property. Having a huge area of mineralization provides great opportunities, but it is also a challenge as there are so many targets that need to be tested."

These new tunnels are four of 10 tunnels totalling 1,000 metres that, together with 6,000 metres of drilling, were planned to test the porphyry copper-gold system on prominent hills in the Habo South block, the southern tenement of the Habo Project. To date the Company has reported on sampling from nine adits, seven that it has driven and two pre-existing ones. The porphyry system covers an area at least 1,300 metres by 800 metres (open in all directions) within a soil geochemical anomaly measuring 3.5 km by 2.1 km, outlined using 250 ppm copper, 16 ppb gold and 10 ppm molybdenum. This is one of four major gold-copper-molybdenum soil anomalies associated with the Habo intrusive complex.

Exploration has slowed due to continuous heavy rain this summer. Four new holes have been drilled, but all road access to Habo was cut by floods and landslides, and as a consequence, it has not been possible to move samples from the property for delivery to the analytical laboratories. However, drilling and tunnelling continue with two drill rigs currently on-site. The drilling and tunnelling program is focused on the southern part of the Habo South anomaly where extensive porphyry-style copper-gold mineralization has been found on surface. As previously reported, assay results from a completed drill hole, tunnelling and trench samples show enhanced grades over 300 continuous metres with local values up to 1.8% copper, 1.1 g/t gold and 0.12% molybdenum, and mineralization extending below 500 metres depth, with 17 metres near surface returning 0.96% copper.

The Habo Project involves a joint venture with Yunnan Geology and Mineral Resources Company Limited. It covers an area of 162 sq. km, in which Asia Now can earn not less than a 70% interest and up to an 88% interest.

SAMPLING, ASSAYING, QUALITY CONTROL AND QUALIFIED PERSON

Tunnels were sampled by channelling along one side of the tunnels, each sample being 1.5 to 2.0 metres long by 15 cm wide by 3 cm deep and weighting 6 to 10 kilograms. The samples were assayed using aqua regia digestion with AAS determination for gold, and hydrochloric/perchloric (HCl/HClO(4)) digestion with ICP-MS determination for copper, molybdenum, silver, zinc, lead and other elements (a total of 35 elements). For samples (with Cu grade higher than 1%, the four acid (HCl/HNO(3)/HClO(4)/HF) digestion method and AAS determination was applied. All the assays were completed at Intertek Laboratory in Beijing in accordance with international standard ISO-17025. 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 Ultra Trace Analytical Laboratories, Canning Vale, Western Australia.

The 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 on all of the Company's projects is conducted under the direction of Dr. Noel C. White, a director and 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 three major projects, with drilling underway at two of these. Under the leadership of an experienced management team, the Company has a sound balance sheet to take exploration into the next phase.

Shares Outstanding: 48,193,238

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • The Howard Group Inc.
    Peter Weichler / Grant Howard
    Toll Free: 1-888-221-0915
    Email: info@howardgroupinc.com
    or
    Asia Now Resources Corp.
    Jim Borland
    Vice President
    (416) 364-7281
    Email: info@asianow.ca