Asian Dragon Group Inc. Provides Progress Update on Due Diligence of Acquisition
Asian Dragon Group Inc., (Nachrichten) (OTCBB: AADG) (FWB:P2J1) (WKN: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 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 Silver - Lead Mine and 5 km west of the SGX 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 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.
Meine Meinung-es kommen gute Zeiten fuer den Drachen und ich bin jetzt fest ueberzeugt, nach den gestrigen Anstieg von fast 30% in Amiland dass die Aktie einen kraeftigen Schub bekommt. Keine Kaufempfehlung
Gruss olda
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