Asia Properties Reports Excellent Gold Results for Rendall Jackman Deposit
03 Janvier 2012 - 3:00PM
Asia Properties, Inc. (API) (OTCQB:ASPZ) announced today that the
results from its recent King's Point geological work are excellent.
API's geological consulting firm, RDF, has reported positive
results on its gold assays and from the geophysical tests from the
recent (Nov-Dec) exploration program. RDF concluded that further
detailed exploration work is warranted on this property.
The link below at the bottom of the pages shows the two
IP/Resistivity pseudosections from the lines that were read over
Rendall-Jackman deposit. The lines were 25 meters apart and
read over the main zone of the deposit. The bottom profile
indicates sulphides (Metals) which lit up "red color" and the top
correlating blue zone is a low resistivity zone (conductor).
The testing involves pulsing electricity into the ground and
measuring the rate and strength of the returning pulses.
"The pseudosection results revealed a significant metal target
which is indicated in red color," said CEO Daniel Mckinney, adding,
"This tells us exactly where to drill in the next phase of
exploration."
http://www.asiaprop.com/kings-point-gold/gold-potential/ (bottom
chart)
"RDF Consulting conducted surface sampling of the historic
Rendall-Jackman mine which produced great gold numbers from the
gold assays. Of the 24 samples tested, 18 returned assays
greater than 1 g/tn Au, with best sample showing 10.3 grams of gold
per ton. All the samples also showed significant amounts of Silver,
Copper and Zinc with the best sample indicating 6%
copper," stated McKinney. "These results are extremely
encouraging and mandate that we move forward with a drilling
program to determine the reserves. Results from those drill
cores will be used to write the NI 43-101 Report. The
Rendall-Jackman mine was last in production when gold was trading
at $40/oz. From these results we have confidence that we will
locate a gold deposit that was previously not economic to extract
when gold was at trading $40/oz."
Please see video clips of our geologist working the claims:
http://dl.dropbox.com/u/53876702/IP%20Survey_%20Beetle%20Pond.MOV
http://dl.dropbox.com/u/53876702/Rendell-Jackman.MOV
API plans to move quickly with its geological work on its King's
Point claims throughout 2012 with a goal to bring its gold and base
metal content into NI43-101 compliance. "We are creating
significant value for our shareholders through this program,"
concluded Mckinney. "These results are an exciting reward for all
our hard work in 2011. We are looking forward to a prosperous
New Year and wish the same for all our shareholders."
ASPZ currently trades at just $0.05 per share with a market cap
of only $1.92 million.
Asia Properties, Inc. is a Nevada corporation
and trades on the OTCQB under the symbol "ASPZ." The transfer agent
is Transfer Online, Inc. of Portland, Oregon. Please visit
our website: www.asiaprop.com
The Asia Properties, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=1733
RDF Consulting Ltd. is a Canadian geological
and geophysical consulting firm that specializes in surveys, data
processing and integrated interpretations to their clients in the
mineral exploration industry for over 15 years.
www.rdfconsulting.ca/
This press release contains forward-looking statements based on
management's expectations and beliefs, and may involve known and
unknown risks and uncertainties and other factors that may cause
the actual results to be materially different from the results
implied herein. Readers are cautioned not to place undue reliance
on the forward-looking statements made in this press release.
CONTACT: Investor Relations:
Dennis Burns
Tel: 419-951-4842
denny@nvestrain.com
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