Asian Dragon Group Inc. Provides Progress Update on Due Diligence of Acquisition.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 Director Mr. Daniel Hachey and Independent Qualified Person, Mr. Christian Derosier, P.Geo., President of CDGC Inc., a world renowned geology and mining consulting company have recently returned from a trip to China. The pair traveled to monitor the progress of Asian Dragon's projects and to conduct due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. on several of the properties Asian Dragon has the option to acquire through its acquisition of China Base Metal Development Company, Fuding Mining Development Limited. In addition to existing Asian Dragon projects, one of the properties reviewed was the FGLW Silver -- Lead Property, located only 1.5 km away from Silvercorp's world class HPG HPG human pituitary gonadotropin. Silver - Lead Mine and 5 km west of the SGX SGX Singapore Exchange SGX Supergreenx (trance/electronic musician) Silver - Mine. Grab and channel samplings made in the different visited adits returned gold values ranging from traces to 19.30 g/T Au and silver values from 6.30 to 15100 g/T Ag. Some isolated copper values up to 1.77% were also obtained from different quartz-carbonates veins. Also, lead values were obtained from 0.25 to 26.31% and zinc values varied from 0.03 to 3.07%. Gold values seem to coincide with higher silver values, but are not related to copper. Silver values are more often associated to lead grades. Asian Dragon is bullish on the potential of the FGLW Silver-Lead Property and believes the project is a worthy acquisition. Mr. Hachey stated, "We were very pleased by the advances our Chinese partners have made at several of our properties, most notably the advanced exploration programs being conducted at our Jinjishan Gold Mine and the work at the Luanchuan Mozigou Molybdenum molybdenum (məlĭb`dənəm) [Gr.,=leadlike], metallic chemical element; symbol Mo; at. no. 42; at. wt. 95.94; m.p. about 2,617°C;; b.p. about 4,612°C;; sp. gr. 10.22 at 20°C;; valence +2, +3, +4, +5, or +6. Mine. In addition, the rights we are securing at the FGLW Silver Property give Asian Dragon a wide portfolio of projects, all with tremendous upside." Mr. Derosier is incorporating additional information collected on the trip into existing reports on Asian Dragon's projects and will release these shortly. About Asian Dragon Asian Dragon was established to focus on China's explosive precious and base metals reserves and markets and to become one of China's largest foreign 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 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. |
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