Message #10 From:
NewsBot Date: January 3, 2007 12:15:00 AM
AADG News Asian Dragon Group Inc., Releases Consolidated Geological Results From Jinjishan and Shizhaigou Mines Indicating Over 8 Million Potential Ounces of Gold
LUOYANG, China--(BUSINESS WIRE)--Asian Dragon Group Inc., (OTCBB:AADG) (Frankfurt:P2J1) (WKN:A0KE7Z) is
excited to commence 2007 with local consolidated geological results from
Asian Dragon’s Jinjishan and Shizhaigou Mines,
the first two properties in Project Luogold, which indicate over 8
million potential ounces of gold.
Asian Dragon has commenced initial work programs on the Jinjishan and
Shizhaigou Gold Mines, both located between the major mineralized belts
of Qinling and Xiaoshan, which border south Xiaoshan and the Luohe
River. To date the drilling has reached numerous heavily mineralized
zones and documented veins. Asian Dragon representatives have concluded
meetings with local Chinese geological experts with hopes to confirm the
local geological reports showing a combined +25 major gold veins with
over 2.4 million proven gold ounces, 3.6 million probable ounces and
over 8 million potential ounces.
Samples obtained by Mr. Christian Derosier, P.Geo, President of CDGC
Inc., a world renowned geology and mining consultant and Asian Dragon’s
recently appointed Independent Qualified Person, have been submitted to
the Chemex Laboratory in North Vancouver, Canada, for further testing
and results are expected soon.
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the Chinese Government has withdrawn the military from Gold Mining and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.
