LUOYANG, CHINA, March 8 /CNW/ - Asian Dragon Group Inc., (OTCBB:AADG)
(Frankfurt:P2J1) (WKN:A0KE7Z) is pleased to release the updated Technical
Report on its Jinjishan Gold Mine. The Technical Report was prepared in
accordance with National Instrument 43-101, and SEC Industry Guide No. 7 by
C.D.G.C. Inc., a world-renowned geology and mining company, based in Quebec,
In the Technical Report, Mr. Christian Derosier, P.Geo, President of
C.D.G.C. Inc. and independent qualified person notes the following:
"The economic potential of the Jinjishan property is considered very good
as the currently known mineralized veins have attractive grades and
mineralized veins are being located on an ongoing basis without the use of
modern exploration techniques. In 2004 there were 10 known veins and today
there are 16 veins located on the property."
"The depth extension of the presently found veins along with the
probability of locating other veins greatly enhances the possibility in
defining a multi-million ounce gold deposit on the Jinjishan Mining Property.
These estimations do not take in account the large quantity of silver present
in the veins as well as the base metals that are recovered by the local
"It is concluded that the property has merit in two ways. At first,
taking into consideration that the F-1 Vein Mining (adjacent property) and
Milling Operation have been in operation for over seven and a half years
giving a reasonable profit. Secondary, taking into account the potential of
the rest of the veins found to date on the property, economical gold values
obtained from within the F-3 through F-10 veins, greatly increase the
potential of the property."
Asian Dragon is pleased with the results of the Technical Report and
looks forward to the results from the recommended Exploration Program as it
continues to make significant progress on Project Luogold.
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
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
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