Eleven new drill holes at Asia Now Resources’ Beiya North project have expanded the main gold-silver and base metal zone to 2160 metres by 150 to 700 metres. The zone remains open to the northwest and east.
The main zone is adjacent to the open-pit Beiya Gold Mine that produces 200,000 ounces of gold annually. This mine is not part of Asia Now's property.
Some notable intersections from the latest program include 16.1 metres from 331.65 metres @ 2.1 grams/tonne gold including 1.9 metre @ 6.3 grams/tonne, 1.5 metres @ 6.5 grams/tonne and 1.1 metres at 5.0 grams/tonne; 15.7 metres from 125.2 metres @ 61.4 grams/tonne silver and 7.8% lead and zinc, including 3.0 metres @ 155 grams/tonne silver and 22% lead and zinc; 3.8 metres from 95.36 metres @ 0.5 grams/tonne gold, 131 grams/tonne silver and 8.2 % lead and zinc; and 1.0 metre from 235.75 metres @ 8.6 grams/tonne gold and 32 grams/tonne silver.
Asia Now’s chief technical advisor Dr Noel White says, “Our ongoing drilling at Beiya continues to reveal dimensions exceeding our positive expectations. We are very pleased that these new results indicate consistent high grade values along the main zone to the northwest. They will make a positive contribution to our upcoming initial NI43-101 resource estimate.
“Our aim is to develop Beiya as fully and aggressively as possible. Once we conclude our resource estimate we want to commence a pre-feasibility study, but we will also continue to vigorously explore several new highly prospective copper-gold targets at Beiya.”
In addition to the main zone, the company has recently identified 4 new targets highly prospective for high-grade copper-gold systems in the Beiya area. Drill rigs have been mobilized to test the ground magnetic anomalies coupled with soil geochemical anomalies in favourable geological structures. IP programs are planned to define sulphide zones at depth in these targets.
Asia Now has earned 72% with the option of increasing to 90% its interest in the Beiya North property, 60km by highway north of the city of Dali, which is a 35 minute flight from Kunming, the capital city of Yunnan.