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.
Asia Now’s Beiya project is regarded as a model example for successful joint ventures in mineral exploration in China, and on May 14 was visited by a Vice Minister of the Ministry and a delegation of 110 governmental officers and geologists from 31 provinces of China, accompanied by senior officers of Yunnan provincial and local governments.
The company’s president and CEO Dr Kaihui Yang says, “We are gratified that we are receiving more and more attention and support from the Central and provincial governments. The positive scrutiny and cooperation we are receiving from various levels of government is encouraging us in our aggressive efforts to further outline and develop the mining potential at Beiya.”
Asia Now has started metallurgical test work on samples from Beiya North and continues aggressive drilling for resource definition of the multi-layered gold/silver and base metal mineralized zones, including some with high-grade intercepts containing up to 23.5 grams/tonne gold, 928 grams/tonne silver, 4.15% copper and 25.5% combined lead and zinc and extending for at least 1,360 meters in the Yujiapo block. The drilled area is a part of a 13km-long by 2km-wide gold belt, two-thirds of which belongs to the company's joint ventures.