Asia Gold announces expanded mineralization zones at Maluku copper-gold prospect

Vancouver-based junior explorer Asia Gold Corp. announced Monday new trench results from Kaputusan prospect in Bacan island, Maluku that expanded the zones of porphyry style copper-gold mineralization by approximately 400 metres in the North Zone and approximately 150 metres in the South Zone.

The company said a 3,000-meter diamond drilling program to test the North, South and West Zones is planned to begin in the second week of February 2007.

Asia Gold has earned an 85% equity interest in an Indonesian joint venture company that controls Kaputusan. The joint venture property comprises two contiguous exploration leases with a total area of 25,771 hectares. The joint venture partner is PT Harita Multi Karya Mineral (HMKM), a member of the Harita Group of Indonesia. The Harita Group is a diversified industrial company with operating nickel and coal mines in Indonesia. The 15% interest held by HMKM in the joint venture company is free carried to commercial mine production.(alex)