CHINA - Beiya attracts attention

Asia Now Resources was invited to attend this month’s Chinese Governmental Conference on Regional Consolidated Exploration organized by China’s Ministry of Land and Resources. The conference fully recognized the high prospectivity of the company’s Beiya property, which is adjacent to the highly profitable Beiya Gold Mine.

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CHINA - Beiya exploration expanded

Asia Now Resources is expanding exploration at the Beiya Gold Project in Yunnan Province in a bid to capitalize on positive results from the 2010 exploration program.

A drilling program totalling 37,300 metres in two phases is focusing on the northeast section of the 13km-long by 2km-wide gold belt, of which two-thirds belongs to the Asia Now's joint venture, and one-third to an adjacent open-pit mine producing 200,000 ounces of gold per year.

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CHINA - Boost for Gaoping phosphate

Sterling Group Ventures has closed a private placement of 20 million units at a price of Can$0.10 per unit for total proceeds of Can$2 million. Proceeds will be used to fulfill immediate requirements of an agreement with Chenxi County Hongyu Mining Co relating to development of the Gaoping phosphate mine in Hunan Province, China.

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CHINA - Datang signs up for coal technology

Environmental Clean Technologies has signed a coal supply agreement with global ‘Fortune 500’ company China Datang Corporation subsidiary, China Datang Overseas Investment (CDTO).11


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