VANCOUVER, Sept. 20 /CNW/ - Red Dragon Resources Corp. (the "Company") is
pleased to announce the initiation of a diamond core drilling program on the
Baoming lead-zinc project in northern Yunnan Province, China. This project is
under joint venture with Tibet Baoming Industry and Trade Ltd. The project is
contiguous with and south of the Company's Shanchuan Project.
Diamond drill testing will initially be in the area where earlier high
grade surface sample results were identified in last year's program.
Over the summer period an extensive soil sampling program was undertaken
over this project as well as over the Shanchuan property to the north. Over
8,000 samples have been collected to date, with approximately 60% of the
results having now been received. The results over the Baoming property have
outlined three separate anomalies, with the main one indicating a strongly
anomalous zone which extends for 3.8 kilometres along strike and with widths
of up to 300 metres. The southern part of this anomaly correlates with the
zone of exposed mineralization which was previously sampled and the focus of
previous artisanal mining. Values in soils within the zone range from several
hundred ppm lead and zinc to over 2% in the soils. Two other separate zones
have been indicated with similar values, with dimensions of 900 metres by
100 metres on one and 500 metres by 100 metres on the other.
Drilling has commenced in the central part of the main anomaly, in an
area of outcrop which previous rock sampling has returned 7.9% zinc and 1%
lead. It is anticipated drilling will continue throughout the remainder of the
On the Shanchuan Project, 29 drill holes totaling 2,420 metres have been
completed over the last two months. These were relatively short holes which
were designed to test four separate zones, which have had previous artisanal
workings on them. Assay results are pending.
The soil geochemical program has outlined three significantly anomalous
areas on the Shanchuan Project, apart from the areas drill tested. The largest
of these is 4 kilometres long by up to 1 kilometre wide, with values ranging
from several hundred ppm lead and zinc, to commonly several thousand ppm. The
highest soil sample was over 3% lead and 3% zinc.
Two other prospect areas were also outlined by the geochemistry. The
Zhulinpo prospect was indicated to be 1.2 kilometres long by 500 metres wide.
Previous rock sampling on the prospect has returned up to 16% zinc and 10%
lead over a two metre chip sample. The third area of interest has been
outlined over 1.3 kilometers by 350 metres.
None of these soil geochemical anomalies have been drill tested to date.
It is anticipated that drilling will resume on this project in October, at
which time these areas will be tested.
Further to the news release of June 15, 2007, in which the Company
announced the signing of a Letter of Intent with AP Energy Investments Ltd. to
undertake exploration on a number of zinc prospects in the Weixi district of
northwestern Yunnan, the Company was recently notified by AP Energy that they
have not been successful in consolidating the surrounding areas. Accordingly,
the Company will not be proceeding with this venture.
Soil samples were prepared by International Plasma Labs Ltd. in Kunming,
China, an ISO9001:2000 certified laboratory. Samples arriving at the
laboratory in Kunming are sorted, dried and sifted through an 80 mesh screen
and all -80 mesh material up to 100 grams is saved in a sample bag for
analysis. The samples were shipped by courier to International Plasma Labs
Ltd. in Vancouver, Canada, and analyzed by induced coupled plasma (ICP) for 30
Rock samples were also analyzed by International Plasma Labs Ltd. in
Kunming, China. Rock samples arriving at the laboratory in Kunming are sorted,
dried and crushed to -20 mesh. The sample is then reduced to a 250 gram charge
by repeated passes through a riffle splitter and then pulverized to 90%
passing -200 mesh. The sample is then rolled to assure a homogeneous particle
distribution and transferred to a bag for analysis. Total copper, lead and
zinc were analyzed by classical wet chemical techniques and lead and zinc
oxide were analyzed by induced coupled plasma (ICP). Silver and gold were
analyzed by fire assay with atomic absorption spectrometer (AAS) finish. Red
Dragon Resource Corp. has inserted quality control samples in addition to
quality control samples inserted by the laboratory.
Red Dragon Resources Corp. is a mineral exploration company actively
involved in base and precious metals and uranium exploration in Canada and
On Behalf of the Board
Red Dragon Resources Corp.
Per: Alvin Jackson, Chairman and Chief Executive Officer
The technical information in this news release has been prepared in
accordance with Canadian regulatory requirements as set out in National
Instrument 43-101 and reviewed by Garnet Dawson, P.Geo., Vice President of
Exploration for Red Dragon Resources Corp.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of the content of the information
contained herein. The statements made in this press release may contain
certain forward-looking statements that involve a number of risks and
uncertainties. Actual events or results may differ from the Company's
For further information:
For further information: Red Dragon Resources Corp., Tel: (604)
602-8188, or Harbour Financial Inc., Brian N Barbour, Tel: (403) 813-5832