Asia Resources Now Corp.
Asia Now Resources is currently drilling at two key projects with potential large discoveries of gold, copper and molybdenum ore deposits. The Company has also entered into an alliance for base metals exploration and development throughout China with one of the world's largest zinc producers.
See more information about Asia Resources Now Corp.
Asia Now Resources accelerates gold drilling program at Beiya North
Asia Now Resources Corp. (TSX-V: NOW) announced that it is speeding up drilling at one its Chinese exploration properties. At the Beiya North target, Asia Now is mobilizing two drilling rigs in addition to the two rigs already operating onsite. Beiya North occurs in the middle of a 13km x 2km gold belt that hosts the adjacent Beiya Gold Mine, Yunnan Province.
Asia Now Resources Corp. is a mineral exploration company, which has been active in China since 2002. Its current projects include copper, gold and silver deposits at two major projects, with drilling/tunnelling underway at both.
The Beiya North project neighbours the largest operating open-pit gold mine in the Yunnan Province, which produces 100,000 ounces of gold per annum. Beiya is 60 km north of the city of Dali.
The additional drilling is in response to recent assay results that indicated significant gold mineralization and expanded the thick gold zone at its Beiya North target area. To date, this target has been drilled with 8 widely spaced holes, which have all intersected gold mineralization.
The gold zone is confirmed to be at least 660 meters long from the border of the adjacent mining license to the south, and open to the northwest. According to Asia Now there are probably two or more mineralization centers.
The aim of the accelerated program is to define the extent and potential resource of the thick gold zone. The accelerated program will involve 4,000 meters in ten holes in addition to the previously planned 2,000 meters of drilling. The program is expected to be completed by the end of this year with assay results to follow in early 2010.
Asia Now has earned 72% with the possibility of increasing to 90% its 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. Under the terms of the initial joint venture Asia Now has earned 72% interest, with the possibility of increasing to 90%.
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.
