Asia Now Resources now has 18 rigs drilling for resource definition of the Beiya North high-grade gold/silver and base metal zone at the Beiya project, which is regarded as one of the top 10 high-potential prospects in China by the China Geologic Survey.
The company is starting its next phase of drilling following the end of the Chinese New Year. Drilling is focusing on following up recent successful drilling results that confirmed the continuity of the main mineralized zone over 1200 metres long by 350 to 620 metres wide, and it remains open. The drilled area is a part of the 13km-long by 2km-wide gold belt, two-thirds of which belongs to the company's joint venture.
To date, the company has focused on the Yujiapo block of Beiya North in Yunnan Province where 47 holes were drilled on a grid of 160 metres by 80-160 metres, and 39 of them interested multi-layered gold/silver and base metal mineralized zones, including some high-grade intercepts containing up to 23.5 grams/tonne gold, 928 grams/tonne silver, 1.86% copper and 25.5% combined lead and zinc.
Asia Now's Dr Kaihui Yang says, “Our next phase of the drilling program at Beiya North will be our largest ever. We are aggressively working to establish a maiden NI 43-101 compliant resource estimate.”
Asia Now has retained Roscoe Postle Associates (RPA) for the NI43-101 report and resource estimate on the Beiya project.
Dr Kaihui Yang says, “As the company is starting a new phase of aggressive drilling, we have engaged RPA to provide us an independent view on our drilling plan, to ensure that the ongoing drilling programs meet NI43-101 technical standards throughout the drilling campaign, and to establish a NI 43-101 compliant resource estimate at Beiya North.”