Asia Gold Confirms High Grade Gold in Trenches at Naran Bulag, Mongolia: New Gold Veins Discovered.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Asia Gold Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ASG ASG Assign ASG Allen Systems Group (Naples, FL) ASG Abu Sayyaf Group (terrorist group) ASG Associated Student Government ASG Area Support Group ASG Adaptive Services Grid ASG Assistant Secretary General ) is pleased to announce encouraging results from the initial trenching program at the recently discovered and 100% owned Naran Bulag gold vein prospect. The program consisted of 68 trenches totaling 7,010 metres and was carried out in October and November, 2005 (plan location of veins and trenches available on the company's website). Naran Bulag is in the Gobi region of southern Mongolia, approximately 350 kilometres west of Ivanhoe Mines' giant Oyu Tolgoi porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. copper-gold deposit and 60 kilometres southwest of Asia Gold's Khongor porphyry copper-gold discovery. Asia Gold Corp. announced the discovery of 13 veins with visible gold at Naran Bulag in October (see News Release dated October 11, 2005). The highest gold grades were in 7 veins, A through G, that were exposed as low subcropping hills of quartz vein rubble and small outcrops found over a distance of 2.5 kilometres. Trenching was necessary to determine vein true widths and strike continuity beneath the extensive scree and wind blown sand cover (air photo taken prior to trenching is available on the company's website). Trenching Results Vein characteristics including minimum, maximum and average gold grades and true widths are summarized in Table 1 attached to this news release. Individual descriptions of Veins A to Q and two new veins found outside Naran Bulag are given below. Vein A The results of 49 samples from 30 channels collected in 7 trenches across vein A include: - 10.8 g/t gold over a true width of 0.32 metres - 9.6 g/t gold over a true width of 0.30 metres - 3.6 g/t gold over a true width of 1.0 metre (weighted average of two contiguous samples) - 2.3 g/t gold over a true width of 1.93 metres (weighted average of two contiguous samples); within 0.89 g/t gold over a true width of 5.4 metres (weighted average of 5 continuous channels) - 11 of the 30 channels have grades greater than 1.0 g/t gold Trenching extended the strike length of vein A from 300 to 400 metres. True widths of vein A range from 0.2 to 5.4 metres. Veins B1 & B2 Trenching exposed two flat lying veins that are separated by about 2 metres and are gently folded into a SE plunging open synform. This structure forms an outcrop pattern that initial prospecting and mapping interpreted to be three veins (B, E & F). The two veins are now named B1 and B2. The results of 43 channel samples collected from 40 channels in 10 trenches across the B veins include: - 17.9 g/t gold over a true width of 1.10 metres - 38.8 g/t gold over a true width of 0.80 metres - 20.2 g/t gold over a true width of 0.59 metres - 40.4 g/t gold over a true width of 0.20 metres - 21 of the 40 channels have grades greater than 2.0 g/t gold Trenching extended the strike length of the B veins from a 25 metre outcrop exposure to about 150 metres on the southern limb and discontinuously over 400 metres on the northern limb. The true widths of the B veins vary from 0.2 to 1.58 metres. Vein C Vein C is parallel to vein A and occurs about 5 m above vein A. The results of 28 channel samples collected from 23 channels in 6 trenches across vein C include: - 23.2 g/t over a true width of 0.60 metres - 1.7 g/t over a true width of 1.60 metres - 5 of the 23 channels have grades greater than 0.7 g/t gold Trenching extended the strike length of vein C from 200 to 300 metres. True widths of vein C range from 0.3 to 2.95 metres. Vein D The results of 40 channel samples collected from 34 channels in 8 trenches across vein D include: - 19.0 g/t gold over a true width of 0.90 metres (including 0.5 metres of veined hanging wall rock) - 10.5 g/t gold over a true width of 1.1 metres - 6.7 g/t gold over a true width of 1.4 metres - 7 of the 34 channels have grades greater than 2.5 g/t gold Vein D has a true width of 0.2 to 1.7 metres, a strike length of at least 300 metres and the vein remains open to the northwest. Vein G The results of 15 channel samples collected from 13 channels in 2 trenches across vein G include: - 2.1 g/t gold over a true width of 0.90 metres (weighted average of 3 continuous channels) - All other channels have grades less than 0.3 g/t gold Trenching extended the strike length of vein G from a 25 m outcrop exposure to 100 metres. Vein G may be the northwestern extension of one of the B veins. Veins H, I, J, K, L, & M Although visible gold was previously identified in these 6 veins only veins J and L returned encouraging channel results: - 13.1 g/t gold over a true width of 0.60 metres (J) - 11.7 g/t gold over a true width of 1.00 metres (J) - 9.6 g/t gold over a true width of 1.00 metres (J) - 1.7 g/t gold over a true width of 1.05 metres (L) Vein K, a low priority vein owing to owing to prep. Because of; on account of: I couldn't attend, owing to illness. owing to prep → debido a, por causa de narrow widths, was not trenched. Assays of 14 grab samples Noun 1. grab sample - a single sample or measurement taken at a specific time or over as short a period as feasible sample - a small part of something intended as representative of the whole range from 0.04 to 117 g/t gold. New Veins: N, O, P, & Q Four new gold veins were found during trenching. The known strike length of these veins varies from 5 to 180 metres and they remain open in either one or two directions. Results include: - 3.7 g/t gold over a true width of 0.42 metres (N) - 1.25 g/t gold over a true width of 0.80 metres (O) - 1.1 g/t gold over a true width of 0.50 metres (P) - 2.8 g/t gold over a true width of 1.45 metres (Q) New Veins: White Hill & South Veins Two new gold veins were found near Naran Bulag but have yet to be trenched. Visible gold was identified at the White Hill vein located about 2 kilometres west-northwest and along strike of Naran Bulag. The White Hill vein has a true width ranging from 0.5 to 1.5 meters. Two one meter rock chip samples have 6.9 and 5.2 g/t gold while 20 of the remaining 21 channel samples grade less than 1 g/t gold. The vein is exposed on a low hill over a distance of 70 metres and is open in both directions. The South Vein is located about 500 metres south of Naran Bulag. Three areas of quartz vein rubble were found over a distance of 50 m. Three representative 3 kilogram kilogram, abbr. kg, fundamental unit of mass in the metric system, defined as the mass of the International Prototype Kilogram, a platinum-iridium cylinder kept at Sèvres, France, near Paris. grab samples of the quartz rubble assay 1.2, 6.5 and 20.0 g/t gold. Geology The vein system comprises a series of shallow dipping mesothermal quartz veins and associated vein zones. The veins can be followed in outcrop and in trenches for over 2.5 kilometres in a northwest - southeast direction. Dips are shallow, generally 15 to 35 degrees, to the southwest in the north half of the area and to the south and southeast in the southern half. The system is open to the northwest, southeast and down dip. The vein system is hosted by deformed de·formed adj. Distorted in form. and altered schists and gneisses of Ordovician age and may be controlled by a regional, gently-folded, shear shear: see strength of materials. Shear A straining action wherein applied forces produce a sliding or skewing type of deformation. zone. The altered and deformed host appears to be a gneissic gneiss n. A banded or foliated metamorphic rock, usually of the same composition as granite. [German Gneis, probably alteration of Middle High German ganeist, to schistose schist n. Any of various medium-grained to coarse-grained metamorphic rocks composed of laminated, often flaky parallel layers of chiefly micaceous minerals. intermediate to felsic fel·sic adj. Containing a group of light-colored silicate minerals that occur in igneous rocks. [fel(dspar) + s(ilica) + -ic. intrusive in·tru·sive adj. 1. Intruding or tending to intrude. 2. Geology Of or relating to igneous rock that is forced while molten into cracks or between other layers of rock. 3. Linguistics Epenthetic. but some deformed meta-volcanics are also present. The altered shear zone is characteristically bleached (sericite-quartz) and ferruginous ferruginous /fer·ru·gi·nous/ (fe-roo´ji-nus) 1. containing iron or iron rust. 2. of the color of iron rust. fer·ru·gi·nous adj. 1. and is easily mapped both in the trenches and regionally. Individual master veins (veins A, C & D) appear to have an en-echelon stacked arrangement within the broad zone of deformed, altered and ferruginous schists with an outcrop width of up to 200-300 metres. The master veins vary considerably in true thickness in quite short distances in both along-strike and down-dip directions. Such vein thickness variation and en-echelon stacking is typical of shear-hosted vein systems. Understanding the shear zone kinematics kinematics: see dynamics. kinematics Branch of physics concerned with the geometrically possible motion of a body or system of bodies, without consideration of the forces involved. will be critical in resolving vein geometries and plunges within the shear zone. Two petrographic pe·trog·ra·phy n. The description and classification of rocks. pe·trog  ra·pher n. studies indicate the gold is coarse grained coarse grain - granularity and
primary in nature. Secondary enrichment enrichment Food industry The addition of vitamins or minerals to a food–eg, wheat, which may have been lost during processing. See White flour; Cf Whole grains. of the gold is not thought to
be important but additional petrographic work will be carried out.
Preliminary analysis of assays of duplicate channel samples and
multiple channel samples of specific veins within individual trenches
suggest that the nugget NuggetA 15 year Gold FHLMC (Freddie Mac) bond; similar to a Dwarf. effect of the coarse gold will be a significant issue in resource estimation. Future Exploration Exploration at Naran Bulag will be resumed in the early spring when conditions permit efficient surface exploration. Asia Gold is planning a large diameter RC drilling program on a close-spaced grid down dip of the highest grades. Due to the shallow dips the veins can be drilled quickly with short vertical holes. Sampling and Analytical Procedures Analytical Procedures is one of financial audit skill which help an auditor understand the client's business and changes in the business, to identify potential risk areas and to plan other audit procedures. Trenches were dug using a Caterpillar caterpillar (kăt`əpĭl'ər, kăt`ər–), common name for the larva of a moth or butterfly. Caterpillars have distinct heads and are segmented and wormlike. 320 excavator ex·ca·va·tor n. An instrument, such as a sharp spoon or curette, used in scraping out pathological tissue. excavator (eks´k . Channel samples were collected by chisel chisel Cutting tool with a sharpened edge at the end of a metal blade, used (often by driving with a mallet or hammer) in dressing, shaping, or working a solid material such as wood, stone, or metal. and hammer as well as rock saw along channels that are generally 5 cm in width and 3-4 cm in depth. Individual samples usually weighed 4-6 kilograms. All samples were prepared and analyzed an·a·lyze tr.v. an·a·lyzed, an·a·lyz·ing, an·a·lyz·es 1. To examine methodically by separating into parts and studying their interrelations. 2. Chemistry To make a chemical analysis of. 3. by SGS SGS Société Générale de Surveillance SGS Symantec Gateway Security (appliance) SGS School of Graduate Studies SGS Subgrid Scale SGS Singapore Government Securities SGS Shell Global Solutions Mongolia LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control of Ulaan Baatar, Mongolia. Samples were crushed and totally pulverized pul·ver·ize v. pul·ver·ized, pul·ver·iz·ing, pul·ver·iz·es v.tr. 1. To pound, crush, or grind to a powder or dust. 2. To demolish. v.intr. to 90% passing 75 microns and all preparation equipment was flushed by barren bar·ren adj. 1. Not producing offspring. 2. Incapable of producing offspring. barren see infertility. barren adjective Gynecology Infertile, sterile, fruitless, inconceivable material after each sample was processed. Gold was determined by AAS following assay of a 30 gram charge. Samples that reported over 13,300 ppb ppb abbr. parts per billion gold were re-assayed by the same method but using different calibration calibration /cal·i·bra·tion/ (kal?i-bra´shun) determination of the accuracy of an instrument, usually by measurement of its variation from a standard, to ascertain necessary correction factors. ranges. Asia Gold conducts a QA-QC program that is independent from the analytical laboratory by inserting blind standards, blanks and duplicate samples into all batched of samples for analysis. SGS Mongolia operates an ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. laboratory and is an international subsidiary of SGS SA. David C. Owens, President, and Richard Gosse, Vice President Exploration, both qualified persons as defined by National Instrument 43-101, supervised the preparation of the technical information in this release. Ivanhoe Mines and BHP Billiton BHP Billiton is the world's largest mining company.[1] Its origin is in the 2001 merger of Australia's Broken Hill Proprietary Company (BHP) and the UK's Billiton, which has a South African background. The result is a dual-listed company. own approximately 47% and 7% respectively of the issued and outstanding shares of Asia Gold. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : Statements in this release that are forward-looking statements, including the planned exploration of the company's Naran Bulag Project, are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available.
Table 1.0
---------------------------------------------------------
Min. Max. Average Known
No. of Approx. True True True Strike
Trenches Dip Width Width Width Length
Vein on vein (degrees) (m) (m) (m) (m)
---------------------------------------------------------
A 7 30-55 0.20 5.44 1.03 greater
than 400
---------------------------------------------------------
B1 & B2 10 0-20 0.20 1.58 0.53 greater
than 300
---------------------------------------------------------
C 6 10-50 0.30 2.95 1.15 greater
than 300
---------------------------------------------------------
D 8 15-45 0.20 1.70 0.86 greater
than 300
---------------------------------------------------------
G 2 0-15 0.30 2.81 0.65 greater
than 100
---------------------------------------------------------
H 4 20-25 0.10 1.90 0.98 greater
than 100
---------------------------------------------------------
I 5 20-10 0.10 1.14 0.53 greater
than 120
---------------------------------------------------------
J 8 15-20 0.10 1.91 0.73 greater
than 180
---------------------------------------------------------
K 0 ? 35 ? 0.10 ? 0.25 ? 0.15 ?
---------------------------------------------------------
L 1 20-35 1.02 1.05 1.03 greater
than 5
---------------------------------------------------------
M 10 30-70 0.20 1.00 0.40 greater
than 600
---------------------------------------------------------
N 3 35-45 0.35 1.40 1.01 greater
than 170
---------------------------------------------------------
O 5 35-55 0.26 3.46 1.01 greater
than 150
---------------------------------------------------------
P 4 35 0.37 3.46 1.16 greater
than 180
---------------------------------------------------------
Q 1 10-05 1.26 1.50 1.39 greater
than 5
---------------------------------------------------------
White Hill 0 15-45 0.50 1.50 1.0 greater
than 70
---------------------------------------------------------
South 0 ? ? ? ? ?
---------------------------------------------------------
------------------------------------------------
Minimum Maximum Average
Gold Gold Gold No. of
Vein (g/t) (g/t) (g/t) Channels
------------------------------------------------
A 0.020 10.8 1.8 30
------------------------------------------------
B1 & B2 0.001 40.4 5.4 40
------------------------------------------------
C 0.009 23.2 1.4 23
------------------------------------------------
D 0.011 19.0 1.8 34
------------------------------------------------
G 0.027 2.1 0.3 13
------------------------------------------------
H 0.001 0.04 0.02 7
------------------------------------------------
I 0.001 1.2 0.1 14
------------------------------------------------
J 0.012 13.1 2.5 22
------------------------------------------------
K 0.039 117.0 19.8 14 grab
------------------------------------------------
L 0.759 1.70 1.2 2
------------------------------------------------
M 0.003 0.67 0.1 17
------------------------------------------------
N 0.001 3.7 0.6 19
------------------------------------------------
O 0.001 1.25 0.1 45
------------------------------------------------
P 0.001 1.25 0.2 25
------------------------------------------------
Q 0.222 2.78 1.1 3
------------------------------------------------
White Hill 0.001 6.9 0.8 23(i)
------------------------------------------------
South 1.23 20.9 9.2 3 grab
------------------------------------------------
(i) White Hill samples include 21 channel samples
and two 1 metre rock chip samples.
The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy or this release. Asia Gold Corp. (TSX VENTURE:ASG) |
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