Message #19 From:
NewsBot Date: March 29, 2007 12:30:00 AM
AADG News Asian Dragon Group Inc. is Excited to Release Technical Report on the Shizhaigou Gold Mine as Its Project Luogold Surges Forward
LUOYANG, China--(BUSINESS WIRE)--Asian Dragon Group Inc. (OTCBB:AADG) (FWB:P2J1) (WKN:A0KE7Z) is excited to release the Technical Report on its Shizhaigou Gold Mine. The Technical Report was prepared in accordance with National Instrument 43-101, and SEC Industry Guide No. 7 by C.D.G.C. Inc., a world renowned geology and mining company, based in Quebec, Canada.
The Technical Report highlights 17 known and evaluated heavily mineralized veins on the property and indicates many more veins are expected to be discovered as exploration activity increases. In addition to excellent gold numbers, the veins also contain other valuable metals such as Silver, Copper, Lead and Zinc.
Testing on eight of the veins already indicate 8,056,250 tonnes of ore with an average gold grade of 6.35 g/T for gold totaling over 51 tonnes. More detail can be found on the table listed below:
Vein
(m)
Length
(m)
Width
(m)
Thick
(m)
Volume
(m3)
SP
Tonnage
(T)
Grade
(g/T)
Gold
Content
(kg)
S-1
700
200
3
420,000
2.5
1,050,000
5
5,250
S-2
1,200
150
3
540,000
2.5
1,350,000
3.5
4,725
S-3
1,200
150
2.5
450,000
2.5
1,125,000
3.5
3,937.5
S-10
700
150
2.5
262,500
2.5
656,250
5
3,281.25
S-5
850
200
2
340,000
2.5
850,000
12
10,200
S-13
600
150
2
180,000
2.5
450,000
8
3,600
S-15
600
250
2
400,000
2.5
1,000,000
6
6,000
S-7-8
2,100
150
2
630,000
2.5
1,575,000
9
14,175
Total
8,056,250
6.35
51,168.75
Mr. Christian Derosier, P.Geo, President of C.D.G.C. Inc. and independent qualified person, is very impressed with the property. In the Technical Report, Mr. Derosier notes the property has merit for two primary reasons. One, the property has been in intermittent operations and mined profitably for many years. And two, the veins already discovered on the property show great potential as results demonstrate economical gold values from within the S-1 through S-17 veins.
About Asian Dragon
Asian Dragon was established to focus on China’s explosive precious metals reserves and markets and to become one of China’s largest foreign gold and precious metals producers through a series of joint ventures and mine and property acquisitions.
Longstanding relationships with the Gold Bureau have provided Asian Dragon with the exclusive opportunity to commence due diligence on several advanced Chinese Gold Mining Projects in one of the Country’s most well-known and prolific mineral production regions, the Xiaoqinling Region.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
