Asia Gold Intersects 70 Metres Grading 0.67% Copper and 0.16 g/t Gold at Khongor, Mongolia.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 highly encouraging results from the initial drilling program to test the recently discovered Khongor 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 prospect. The program consisted of five HQ-size diamond drill holes totaling 935 metres and was completed in December, 2005. Khongor is in the Gobi region of southern Mongolia, approximately 350 kilometres west of Ivanhoe Mines' giant Oyu Tolgoi porphyry copper-gold deposit. (see News Release dated October 18, 2005). Khongor North Drill holes KPDH-3 to KPDH-5 were drilled beneath the Central Creek quartz stockwork located in Khongor North. KPDH-3 intersected strong zones of stockwork style copper sulphide mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. from surface to a down-hole depth of 70.3 metres grading 0.67% copper and 0.16 grams per tonne (g/t) gold. This zone includes a higher-grade interval of 21.9 metres (9.1 metres to 31.0 metres) averaging 1.77% copper and 0.45 g/t gold. KPDH-3 was drilled at an angle of -45 degrees. Drill hole KPDH-4 was drilled at an angle of -80 degrees from the same location as KPDH-3. KPDH-4 intersected 91.7 metres of lower-grade quartz stockwork copper mineralization grading 0.3% copper and 0.03 g/t gold. Drill hole KPDH-5 was drilled at an angle of -45 degrees approximately 60 metres southeast of KPDH-4. Weak copper mineralization occurring throughout the 110.5-metre length of the hole grades 0.15% copper and 0.03 g/t gold. Khongor South Drill holes KPDH-1 and 2 were located at Khongor South, approximately 600 metres southeast of holes KPDH-3, 4 and 5. KPDH-1 and 2 were drilled below a 54.0-metre surface rock-chip sample line in East Creek East Creek is a tributary of Delaware Bay in Cape May County, New Jersey in the United States. It is probably named in contradistinction to West Creek, which lies to the west, although the name of that creek is ultimately derived from the Lenape "westeconk". , which had an average grade of 0.72% copper and 0.13 g/t gold. (see News Release dated October 31, 2005). The East Creek drill holes intersected weak copper mineralization associated with crowded feldspar feldspar (fĕl`spär, fĕld`–) or felspar (fĕl`spär), an abundant group of rock-forming minerals which constitute 60% of the earth's crust. porphyry intrusions. Summary Drill Results The mineralized min·er·al·ize v. min·er·al·ized, min·er·al·iz·ing, min·er·al·iz·es v.tr. 1. To convert to a mineral substance; petrify. 2. To transform a metal into a mineral by oxidation. 3. intervals in diamond drill holes KPDH-1 to KPDH-5 are tabulated below. -------------------------------------------------------------------- Drill Hole From (m) To (m) Interval (m) Copper (%) Gold (g/t) -------------------------------------------------------------------- KPDH-1 10.5 37.0 26.5 0.20 0.04 -------------------------------------------------------------------- KPDH-2 8.0 36.0 28.0 0.14 0.04 -------------------------------------------------------------------- KPDH-3 0.0 70.3 70.3 0.67 0.16 -------------------------------------------------------------------- including 9.1 31.0 21.9 1.77 0.45 -------------------------------------------------------------------- including 17.2 28.0 10.8 2.33 0.63 -------------------------------------------------------------------- KPDH-4 8.6 100.3 91.7 0.30 0.08 -------------------------------------------------------------------- including 8.6 64.5 55.9 0.40 0.11 -------------------------------------------------------------------- including 8.6 19.0 10.4 0.94 0.17 -------------------------------------------------------------------- KPDH-5 2.7 110.5 107.8 0.15 0.03 -------------------------------------------------------------------- David Owens David Owens (born October 10 1988) is a footballer, currently playing for Wigan Athletic. played for southport on loan in 06/07 External links
Wigan Athletic F.C. , President of Asia Gold, commented, "The strong copper-gold mineralization in KPDH-3 intersection is very encouraging and highlights the excellent potential of the two-kilometre-long Khongor porphyry system. Planning is already underway for a major follow-up exploration program in 2006." Ground Geophysical Survey Geophysical survey refers to the systematic collection of geophysical data for spatial studies. Geophysical surveys may use a great variety of sensing instruments, and data may be collected from above or below the Earth's surface or from aerial or marine platforms. A 750-line-kilometre ground magnetic survey of the Khongor prospect was completed in November, 2005. The survey results clearly outline magnetic intrusions and magnetite magnetite (măg`nətīt), lustrous black, magnetic mineral, Fe3O4. It occurs in crystals of the cubic system, in masses, and as a loose sand. alteration related to the copper-gold mineralization. Several high-priority targets have been identified for drill testing in 2006. Other work completed in late 2005 included the mapping and sampling of the surface geology, alteration and mineralization. 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. and Solomon Resources Option Agreements The Khongor porphyry copper-gold prospect extends over two adjacent mineral exploration licenses (4465-Khongor North and 3775-Khongor South). Pursuant to an Option Agreement with BHP Billiton dated June 30, 2005, BHP Billiton can earn a 50% interest in Khongor North by spending US$2 million on exploration prior to December 31, 2007, and an additional 20% interest by funding a feasibility study "A Feasibility Study" is an episode of the original The Outer Limits television show. It first aired on 13 April, 1964, during the first season. It was remade in 1997 as part of the revived The Outer Limits series with a minor title change. up to a maximum value of US$45 million. BHP Billiton plans to conduct a Falcon(TM) airborne gravity gradiometer survey over the joint venture property in March 2006. Pursuant to an Option Agreement with Solomon Resources and Gallant Minerals, Asia Gold has an option to earn up to a 70% interest in Khongor South from Solomon Resources. (see News Releases dated August 19, 2005 and September 29, 2005). Exploration of the Khongor prospect will be resumed in early spring when conditions again permit cost efficient surface exploration. The 2006 exploration program for Khongor North is currently under discussion with BHP Billiton. 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. All split drill core samples were prepared and analyzed 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. Base metals are measured using a three acid digest and AAS analysis and gold is measured using a 30-g charge fire assay and AAS analysis. Results are reported by SGS in ppm copper and ppb gold and are converted to equivalent grades in % copper and g/t gold by Asia Gold. Asia Gold conducts a QA-QC program that is independent from the analytical laboratory by inserting blind standards, blanks and duplicate samples into all batches of samples for analysis. SGS Mongolia operates an ISO-accredited 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 own approximately 47% and 7% respectively of the issued and outstanding shares of Asia Gold. Forward-Looking Statements: Statements in this release that are forward-looking statements, including the planned exploration of the company's Khongor property, 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. 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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