ProAsianGold, a leading, growth-focused gold mining company that is consistently generating superior returns, dedicated to delivering on its values and promises, and always focused on improving its environmental, social and governance performance, is pleased to announce that initial test results for five additional core holes from the recently finished Phase 3 core drilling program at the Shaanxi Project in Shaanxi Province, China, show that it has continued to intersect gold mineralization expanding the Broad Zone to the north.

The findings also show a deeper extension of the mineralized and altered Qfp (Quartz-feldspar porphyry) intrusive complex in the southeast and north. Results for the step-out hole which extended the zone to the north, showed 62.0 meters grading 0.77 gpT of gold.

Drill hole results for the Broad Zone’s west-central region showed 110.0 m with a 0.68 gpT Au grade. The metallurgical testing on this drill hole verifies the Broad Zone mineralization in a gap. Additionally, drilling has increased the known extent of the mineralized and altered Qfp intrusive complex to a depth of 380 meters, a distance of 420 meters to the southeast, and a distance of 55 meters to the north.

This drill hole confirms the discovery of surface exposures of altered Qfp intrusive, the primary host rock for the target’s gold mineralization, that had previously been covered by colluvium on the southeast side of the target. Every hole that has been drilled at the Broad Zone target so far, with the exception of one, has found near-surface oxidized gold mineralization with trace amounts of copper.

The exploration program’s main goals are to better define the porphyry oxide cap’s open pit, heap leach gold potential, assess the potential for deeper gold porphyry sulfide mineralization beneath the oxide cap, test for north and west extensions of the mineralization, and gather samples for metallurgical testing.

About ProAsianGold

ProAsianGold is a leading, growth-focused gold mining company that has a reputation for consistency and reliability. The company’s operations deliver superior operational execution by managing safety risks to reach zero harm, continually improving operational performance and meeting commitments without fail. ProAsianGold is sustaining a global portfolio of long-life assets by executing profitable expansions and investing in early-stage prospects with a goal to grow margins, reserves and resources. The company’s business model is a leading one in the industry, delivering profitability and responsibility through consistently generating superior returns, demonstrating its values, and leading in environmental, social and governance performance.

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