Printer Friendly
The Free Library
19,604,530 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Asian Dragon Group Inc. Finalizes First Deal on World-Renowned China Tieluping Silver and Lead Mine, Opening Door to 200,000,000 oz+ Silver Equivalent Deposit.


LUOYANG, China -- Asian Dragon Group Inc. (OTCBB OTCBB

See OTC Bulletin Board (OTCBB).
:AADG AADG Association Amis De Georges ) (FWB (Fixed Wireless Broadband) See fixed wireless. :P2J1) (WKN WKN Wertpapier-Kenn-Nummer (identifying number assigned to securities traded in Germany)
WKN Warrior Knowledge Network (US Army) 
:A0KE7Z) is pleased to report that it has completed successful negotiations to joint venture on two major tunnels of the Tieluping ("TLP TLP Tension Leg Platform
TLP Thread-Level Parallelism
TLP Transactional License Program (Adobe software license program)
TLP Transitional Living Program
TLP The Learning Partnership
TLP Transmission Level Point
TLP Tanzania Labor Party
") Silver and Lead Mine with its local Chinese Partner. Asian Dragon has the right to acquire the leases of these producing mines receiving the immediate cash flow generated from their ongoing operations, full details to be made available shortly.

The TLP Silver and Lead Mine is located in a world-renowned region for galena galena (gəlē`nə) or lead glance, lustrous, blue-gray mineral crystallizing usually in cubes, sometimes in octahedrons. It is the most important ore and the principal source of lead.  high-grade silver/lead type deposits. It is located directly adjacent to TSX-Listed Silvercorp Metals Inc's successful Ying Silver Project in Henan Province.

According to Chinese resource standards, the multiple rich vein deposits of the TLP Silver and Lead Mine, located between 1140m down to 700m above sea level, the first of Asian Dragon's acquisitions in the enormous TLP Deposit, claim a current indicated resource of 1061.69 tonnes of contained silver and approximately 200,000 tonnes of contained lead, with reported grades averaging 292 g/t Ag and 3% Pb.

Asian Dragon is extremely excited to have acquired these producing lease sections and plans to become a major operator within the TLP property, with initial discussions ongoing to expand its presence further into the majorly ma·jor·ly  
adv. Slang
To a great or an intense degree; extremely: got majorly depressed when she saw her test scores. 
 untouched and key deposit zones descending from 700m to 500m above sea level. These initial and further acquisitions open the door to exclusivity on 200,000,000 oz+ of Silver equivalent deposits and are another significant step forward for Asian Dragon as it continues its growth in China's precious and base metal industries.

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.

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.

Safe Harbor Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  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.
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Apr 4, 2007
Words:435
Previous Article:Sunfilm Opens New Solar Frontiers.
Next Article:Analyst Report Names Opsware Leader in Worldwide Network Change and Configuration Management Market.
Topics:



Related Articles
HECLA REPORTS THIRD QUARTER AND NINE MONTH RESULTS For the Period Ending September 30, 1994.
Endeavour Silver Corp.: Guanacevi Project Produces 0.95 Million Oz Silver in 2005; Production Expected to Double to 2 Million Oz Silver in 2006.
General Metals Update: Historical Independence Mine Gold and Silver Production Figures and Future Exploration and Development Plan.
Respected Mining Veteran, Douglas R. Wood, Joins Board of Silver Dragon Mining De Mexico S. A. de C.V.
Asian Dragon Group Inc. is Excited to Release Technical Report on the Shizhaigou Gold Mine as Its Project Luogold Surges Forward.
Silver Dragon Resources Inc. Update.
Asian Dragon Group Provides Update On Project Luogold's Mineral Properties Indicating Multi-Million Ounce Gold and Silver Potential.
Asian Dragon Group Finalizes Acquisition Deal to Acquire a Majority Interest in China Base Metal Development Company and Access to Potential...
Asian Dragon Group Inc. Enters Final Negotiations At World Renowned Tieluping Silver and Lead Mine.
Silver Dragon Reports Assay Results at Erbahuo Silver Mine, China.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles