Message #12 From:
NewsBot Date: January 9, 2007 01:00:00 AM
AADG News Asian Dragon Group Inc., Completes Successful Initial Quarter Trial Production Operation For Project Luogold
LUOYANG, China--(BUSINESS WIRE)--Asian Dragon Group Inc., (OTCBB:AADG) (FWB:P2J1) (WKN:A0KE7Z) is
pleased to announce that its wholly owned Luogold Gold/Silver/Copper
Concentration Plant on the Jinjishan Property in Luoning County, Henan
Province, has successfully completed its trial operations. The plant was
operating a single shaft, processing old tailings from previous mining
operations within the area. Production figures are being compiled and
will be released shortly.
Asian Dragon is excited by this trial production round and looks forward
to large and sustainable production results as full operations commence
in the second quarter.
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.
Key relationships in China are enabling Asian Dragon to capture business
opportunities as the Chinese Government continues to privatize many of
their industries, enabling local and foreign investment to fill the void
left by the Government ministries. Asian Dragon takes advantage of an
identified niche opportunity in the Gold Mining Industry of China, where
the Chinese Government has withdrawn the military from Gold Mining and
set up the Gold Bureau to continue Gold Mining on an international scale.
Long standing 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, where hundreds of small and dozens of medium to large mines are
actively mining gold and various other precious metals and minerals.
Earlier companies which acquired smaller advanced mining projects have
since proven out positively and have succeeded in turning themselves
into billion dollar market-cap opportunities. Two recent examples are
Hong Kong listed Lingbao Gold Co. and Toronto Stock Exchange listed
Silvercorp Metal Inc. both of which have major projects in 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.
