Message #11 From:
NewsBot Date: January 4, 2007 12:15:00 AM
AADG News Asian Dragon Group Inc., Appoints Former Head of China Gold Bureau as Asian Dragon Chief Chinese Advisor
LUOYANG, China--(BUSINESS WIRE)--Asian Dragon Group Inc., (OTCBB:AADG) (FWB:P2J1) (WKN:A0KE7Z) is pleased
to announce the appointment of Mr. Yang Dali as Chief Chinese Advisor to
Asian Dragon as it continues its growth as a dominant player in China’s
gold and precious metals industries.
Mr. Yang graduated from Zhongnan Industrial University with a Bachelor’s
Degree in Science in 1960 then continued to the position of Engineer
with the Beijing Non-Ferrous Metallurgy Design and Research Institute.
Mr. Yang has held positions as Department Head, Director of External
Affairs and Chief Engineer of the following organizations: the Gold
Bureau of China, the Ministry of Metallurgy; the Gold Company of China;
the Headquarters of the Military Police for Gold; the State Gold
Administration; and the Gold Administration under the State Economic and
Trade Commission from 1975 – 1998. Mr. Yang is
also a member of the Precious Metal Reserves Commission and a member of
the Land and Geology Society of China. Mr. Yang is a senior adviser and
expert (registered) of the Mineral Resources Association of China and a
part-time professor at Zhongnan Industrial University. Mr. Yang was
formerly appointed independent non-executive director of Zijin Mining
Group Co., Ltd., one of China’s largest and
most developed mining concerns.
Mr. Yang is stationed in Beijing, China and will be assisting Asian
Dragon in all facets of Project Luogold and will be evaluating
prospective new mining projects for acquisition.
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the Chinese Government has withdrawn the military from Gold Mining and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.
