Asian Dragon Group Inc. Enters Final Negotiations At World Renowned Tieluping Silver and Lead Mine



    LUOYANG, CHINA, March 20 /CNW/ - Asian Dragon Group Inc., (OTCBB:AADG)
(Frankfurt:P2J1) (WKN:A0KE7Z) is pleased to report that it has entered into
final negotiations to joint venture on two major tunnels of the Tieluping
("TLP") Silver and Lead Mine. This exclusive opportunity has been brought to
Asian Dragon through the close relationships that it has built with its strong
local Chinese Partners. The TLP Silver and Lead Mine is located in a world
renowned region for galena high grade silver/lead type deposits. According to
Chinese resource standards the TLP Silver and Lead Mine claim an indicated
resource of 1061.69 t of contained silver and approximately 200,000 t of
contained lead with reported grades averaging 292 g/t Ag and 3% Pb.

    The TLP Silver and Lead Mine is located directly adjacent to TSX Listed
Silvercorp Metals Inc's successful Ying Silver Project in Henan Province. The
joint venture on the TLP Silver and Lead Mine is another step in Asian
Dragon's Project Luogold as it expands is presence beyond gold and into all of
China's precious metals 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.

    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has withdrawn the military from Gold Mining and set up the Gold Bureau to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.




For further information:

For further information: Asian Dragon Group Inc. Investor Relations:
Badshah Communications Group Ltd., 866-857-7522

Organization Profile

ASIAN DRAGON GROUP INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890