| ||Tue May 20, 2008|
Asia Now Resumes Drilling at Habo
| ||Asia Now Resources Corp. (TSXV: NOW) is pleased to announce that the geological mapping has recently been completed and drilling has resumed at the Habo porphyry copper-gold property in Yunnan, China. The Company plans to drill 10,000 meters at Habo in 2008 for the next phase of exploration.|
Detailed geological mapping was carried out following the recommendation by Dr. Anthony Harris, an Australian expert on porphyry copper ore deposits. Through this program, the alteration and mineralization zones have been outlined for the large (2,500 meter long by 1,300 meter wide) porphyry copper-gold system, and two mineralized breccia pipes, which are found in many porphyry copper ore deposits of the world, have been identified at Habo South. Those two breccia pipes are typically altered and contain oxidized sulphides, which may be indicative of mineralization zones underneath. Surface samples taken from the breccia pipes have been sent for analysis.
Based on mapping, potential high-grade zones have been outlined and drilling sites have been located. To more efficiently test the mineralization zones, an experienced drilling party (not easily found in China) has been retained for angled drilling. One drilling rig has been moved to the site, and will start drilling within one week. Another drilling rig will be added shortly. As previously reported, a 10,000 metre drilling program has been planned to define the high grade zones at Habo South, as identified from the completed mapping program and the consultant's report. In addition, tunnelling and initial drilling programs will be started to test the porphyry mineralization system at Habo North.
"After a comprehensive data compilation and the detailed geological mapping, "said Kaihui Yang, the Company's President, "our drilling programs are underway again, aimed to define high-grade zones in the porphyry copper-gold-molybdenum systems of the Habo property."
QUALITY CONTROL AND QUALIFIED PERSON
Quality control and assurance programs are implemented in accordance 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 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 is taking exploration into the next phase.
For further information contact:
Kaihui Yang, President, or
Christina Wilton, Corporate Secretary
Asia Now Resources Corp.
Peter Weichler / Jeff Walker
The Howard Group Inc.
Toll Free: 1-888-221-0915
The TSX Venture Exchange has not reviewed and does not accept responsibility for this news release.
You can view the Next News Releases item: Tue May 27, 2008, Asia Now Establishes a Strategic Alliance with a Hong Kong Listed Mining Company
You can view the Previous News Releases item: Thu May 15, 2008, Asia Now Operates as Usual in Yunnan
You can return to the main News Releases page, or press the Back button on your browser.