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Las Vegas, NV – September 7, 2023 – Asia Broadband Inc. (OTCPK: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has signed a Letter of Intent (LOI) to acquire a high potential property in the prolific mining region of Hostotipaquillo, Jalisco, Mexico. The 4,081 hectare high-grade acquisition target concession #239735 named Picachos IV is located a rapidly developing area and is adjacent to GoGold Resources Inc.’s (TSX: GGD) OTCQX: GLGDF) Los Ricos South property. The Picachos gold project is another prospective high yield asset addition in the Company’s strategic expansion initiative to acquire gold production and increase the AABB’s physical gold holdings.
In the coming weeks, the Company will be conducting further due diligence and continuing its negotiations to acquire the new mining concession. AABB is expecting to confirm high-grade assay results in the coming weeks from the Company’s initial due diligence activities on the property, as the mapping and rock sampling program continues. Company management is exhilarated with the Picachos project for its potential for rapid development, high production and low operating costs.
“The Picachos property is a key strategic acquisition for the Company’s mining property portfolio that will facilitate the growth of our operations and profitability going forward”, expressed Chris Torres, the Company President and CEO.
AABB continues to implement its mining property acquisition strategy to optimize development capital utilization by focusing operations in regions of Mexico where AABB has a comparative advantage of development resources and expertise readily available for rapid expansion and duplication of the Company’s previous gold production success.
About Asia Broadband
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production of precious metals and the accumulation of physical gold holdings. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate the expansion of precious metals property holdings and production in Mexico. The Company’s industry and business integration in Mexico and its asset diversification are unique strengths of AABB that differentiate it from other companies and creates distinctive value for shareholders. Additionally, the Company has a digital assets business segment with its AABBG mine-to-token gold-backed cryptocurrency within its AABB Wallet, the unique Golden Baboons Mining Club non-fungible token collection, a proprietary digital exchange AABBExchange and a cryptocurrency payment gateway solution PayAABB.com. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies and digital asset developers.
Contact the Company at:
General Email: ir@asiabroadbandinc.com
Exchange Support: https://aabbexchange.com/faq/
Token Support: https://aabbgoldtoken.com/faq/aabb-wallet/
www.AABBGoldToken.com/support/
Company Websites: www.asiabroadbandinc.com
www.AABBExchange.com
www.AABBGoldToken.com
www.PayAABB.com
www.goldenbaboons.com
Phone: 702-866-9054
Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.
SOURCE: Asia Broadband Inc.
Las Vegas, NV – August 22, 2023 – Asia Broadband Inc. (OTCPK: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has received a second major delivery of processing equipment for its new facility site in Etzatlan, Mexico. Additionally, installation preparations have been ongoing subsequent to the Company receiving its initial deliveries of processing plant machinery and mineral analysis laboratory equipment in recent months.
To view AABB processing equipment videos & pictures go to:
https://twitter.com/AsiaBroadband/status/1686842848363343872?
https://twitter.com/AsiaBroadband/status/1686850303927386114?
https://twitter.com/AsiaBroadband/status/1686851971364622336?
The progress towards completion of the new plant facility follows the Company’s meetings and facility tours several months ago with mining processing manufacturers in China. During the visits with Liming Heavy Industry Science & Technology Co. Ltd. and Mecru Heavy Industry Technology Co. Ltd. in Zhengzhou, Henan, China, the Company verified and secured the shipments and deliveries of additional processing equipment for the new plant in Mexico. Furthermore, the trip to China allowed AABB’s management to embrace and utilize the opportunity to establish and expand its relationships with mining industry and various other business contacts.
To view AABB videos of the manufacturer visits in China, go to:
https://www.youtube.com/watch?v=mVdo7hgjtgE
AABB’s management and technical consultants are expediting the construction of the new processing facility and have set a 3rd quarter 2023 completion timeline to achieve full operations. The new plant will utilize advanced mining equipment automation and efficiencies to maximize processing throughput and metals extraction and minimize the production costs. Additionally, the new facility will be built with expanded processing capability that will be implemented after the initial production levels have been established. The processing facility will also have a mineral assay and strategic analysis laboratory on site that will reduce costs and supply rapid mineral results reports. The lab will allow the Company to select the highest grade ore for processing to efficiently maximize plant revenues.
In December 2022, AABB completed the land purchase for the site of the new processing facility to be constructed with respect to the terms of the historic and long-term processing and production agreement signed previously for a large-scale gold and silver ore stockpile located in Las Jimenez, Etzatlan, Jalisco, Mexico. The agreement allows the Company exclusivity to purchase the 4 million ton ore stockpile at an economically feasible price point. A recent evaluation report has estimated the stockpile to represent over $ 800 million in total gold and silver value. The stockpile processing project is the largest high-yield asset addition for the Company to date in its strategic expansion initiative to acquire gold production and increase AABB’s physical gold holdings.
The 4.94 hectare processing plant land parcel, that includes a water concession, is located approximately 5.8 miles from the ore stockpile in Etzatlan, Mexico, and 48 miles from the AABB Buenavista mining warehouse. The new facility build-out is budgeted for a $3 million cost and is initially planned to have a 200 ton per day (tpd) processing capacity. At this first level of processing, the mill is estimated to generate over $11 million in revenue annually. The Company will also be accelerating a mill expansion installation to increase the processing capacity 5 fold to 1,000 tpd, once the initial processing level of the mill is consistently at capacity.
“We have taken substantial steps forward to create our new processing plant in a very short period of time, since our trip to China. Our whole group is highly motivated and excited to have the new production operations going this year,” expressed Chris Torres, AABB President and CEO.
About Asia Broadband
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production of precious metals and the accumulation of physical gold holdings. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate the expansion of precious metals property holdings and production in Mexico. The Company’s industry and business integration in Mexico and its asset diversification are unique strengths of AABB that differentiate it from other companies and creates distinctive value for shareholders. Additionally, the Company has a digital assets business segment with its AABBG mine-to-token gold-backed cryptocurrency within its AABB Wallet, the unique Golden Baboons Mining Club non-fungible token collection, a proprietary digital exchange AABBExchange and a cryptocurrency payment gateway solution PayAABB.com. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies and digital asset developers.
Contact the Company at:
General Email:
ir@asiabroadbandinc.com
Exchange Support:
Token Support:
https://aabbgoldtoken.com/faq/aabb-wallet/
www.AABBGoldToken.com/support/
Company Websites:
www.asiabroadbandinc.com
www.AABBExchange.com
www.AABBGoldToken.com
www.PayAABB.com
www.goldenbaboons.com
Phone: 702-866-9054
Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.
SOURCE: Asia Broadband Inc.
Las Vegas, NV – May 4, 2022 – Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has set the completion timeline for its facilities retrofit production upgrade on its mining property in the Tequila region of Mexico. The Company expects the upgrade program to be complete with an additional 50 tons per day (tpd) production capacity available within 6 months. At that time, the mill capacity will be 100 tpd and double the current processing limit of 50 tpd. Additionally, the Company is planning a large-scale expansion of its production and processing facilities to begin installation later this year. Utilizing the advances in mining equipment automation and efficiency, the larger scale facilities will have significantly increased throughput and metals extraction. The added production volume at a lower cost per ton is expected to have a substantial impact on the Company’s gross profit margin going forward.
“The completion of our production facilities retrofit at Tequila will double our production and also add extraction efficiencies. We are excited to reach that point because it will provide the platform to plan and build out a large-scale expansion to our processing plant,” stated Chris Torres, the Company President and CEO.
Further to the Tequila property, the Company is expecting to receive a geological assessment report in the coming weeks prepared by a qualified professional person. The report will allow the Company to maximize its exploration, development and resource expansion program as well as facilitate production efficiencies and planned processing equipment upgrades and additions.
AABB continues to implement its mining property acquisition strategy to optimize development capital utilization by focusing operations in regions of Mexico where AABB has a comparative advantage of development resources and expertise readily available for rapid expansion and duplication of the Company’s previous gold production success.
About Asia Broadband
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders. Additionally, the Company has added a digital assets business segment and released its AABBG freshly minted mine-to-token gold-backed cryptocurrency within its AABB Wallet and a proprietary digital exchange AABBExchange. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies.
Contact the Company at:
General Email: ir@asiabroadbandinc.com
Exchange Support: https://aabbexchange.com/faq/
Token Support: https://aabbgoldtoken.com/faq/aabb-wallet/
www.AABBGoldToken.com/support/
Company Websites: www.asiabroadbandinc.com, www.AABBExchange.com, www.AABBGoldToken.com
Phone: 702-866-9054
Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.
SOURCE: Asia Broadband Inc.
Las Vegas, NV – April 26, 2022 – Asia Broadband Inc. (OTCPK: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has received a total of $2.8 million from the four directors of the Company for the purchase of preferred shares. A total of 28 million non-convertible, preferred shares were issued at the par value of $0.10 per share with each share having 100 voting rights and equal participation with common shares for all future dividends. The Company President and CEO, Chris Torres, purchased $2.4 million of the total preferred share issuance. The entire $2.8 million share sale proceeds will be allocated to the Company’s capital expansion programs.
“Our entire management team is committed to the Company’s growth and profitability and we have emphatically demonstrated this with a substantial long-term investment to fuel the expansion of our gold production and digital asset divisions. Our focus and determination to succeed in every area of the Company’s business has intensified now with our capital contribution”, affirmed Chris Torres, AABB President and CEO.
AABB continues to implement its mining production and acquisition strategy to optimize capital utilization by focusing operations in regions of Mexico where AABB has a comparative advantage of development resources and expertise available for accelerated expansion and duplication of the Company’s previous gold production success. Additionally, the Company’s digital asset division that includes the AABBG cryptocurrency token, AABB Wallet, AABB Exchange and NFT’s continues to develop and expand rapidly into 2022.
About Asia Broadband
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders. Additionally, the Company has added a digital assets business segment and released its AABBG freshly minted mine-to-token gold-backed cryptocurrency within its AABB Wallet and a proprietary digital exchange AABBExchange. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies.
Contact the Company at:
General Email: ir@asiabroadbandinc.com
Exchange Support: https://aabbexchange.com/faq/
Token Support: https://aabbgoldtoken.com/faq/aabb-wallet/
www.AABBGoldToken.com/support/
Company Websites: www.asiabroadbandinc.com
www.AABBExchange.com
www.AABBGoldToken.com
Phone: 702-866-9054
Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.
SOURCE: Asia Broadband Inc
LAS VEGAS, NV – April 6, 2022 – Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has began production on its mining property in the Tequila region of Mexico. The processing mill on site is currently operating at 50 tons per day (tpd) maximum capacity and a retrofit upgrade program is underway to increase production capacity to 100 tpd. Additionally, the Company is planning a large-scale expansion of its production and processing facilities to begin installation sometime this year. Utilizing the advances in mining equipment automation and efficiency, the larger scale facilities will have significantly increased throughput and metals extraction. The added production volume at a lower cost per ton is expected to have a substantial impact on the Company’s gross profit margin going forward.
“We are on point and thrilled with our production schedule beginning in early 2022, as we had planned from our new property acquisitions in 2021. The Company is very focused on its mining operations growth initiative, which is our core business segment. We are continuing to pursue further high-grade gold property acquisitions and production expansions to increase gold holdings and the circulation of our AABBG token”, expressed Chris Torres, the Company President and CEO.
Additionally, AABB has several geological reports in progress, by a qualified professional person, for both the Tequila and Bonanza properties in Mexico. The Bonanza report was expected last month, but was delayed intentionally to further explore strong mineral indications that were discovered near the time of planned submission of the drill cores.
AABB continues to implement its mining property acquisition strategy to optimize development capital utilization by focusing operations in regions of Mexico where AABB has a comparative advantage of development resources and expertise readily available for rapid expansion and duplication of the Company’s previous gold production success.
About Asia Broadband
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders. Additionally, the Company has added a digital assets business segment and released its AABBG freshly minted mine-to-token gold-backed cryptocurrency within its AABB Wallet and a proprietary digital exchange AABBExchange. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies.
Contact the Company at:
General Email: ir@asiabroadbandinc.com
Exchange Support: https://aabbexchange.com/faq/
Token Support: https://aabbgoldtoken.com/faq/aabb-wallet/
www.AABBGoldToken.com/support/
Company Websites: www.asiabroadbandinc.com
www.AABBExchange.com
www.AABBGoldToken.com
Phone: 702-866-9054
Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.
SOURCE: Asia Broadband Inc.
Las Vegas, NV – March 22, 2022 – Asia Broadband Inc. (OTCPK: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has launched its AABB Exchange applications (the “Exchange”) and they are now available on mobile devices through the AABB Wallet app. Wallet users can place buy and sell orders on their smart phones to execute cryptocurrency trades for an expanding number of trading pairs available on the Exchange platform.
To access the AABB Exchange for mobile use, please go to the Apple App Store or Google Play Store, find the AABB Wallet and update the app. Once the app has been updated, open the application. If you aren’t in your account already, tap on Restore Wallet, enter your original passphrases, and access your account. From there, click on the “Trade” button at the bottom menu. Now you will be directly connected to the AABB Exchange with your account. You will immediately be able to place a Buy or Sell order for the main trading pair ETH/BTC, however, you can always click on that trading pair to choose another crypto pair. Once a Buy or Sell order has been placed, the funds will automatically be deducted from the wallet and placed onto the Exchange. These funds will remain in the Exchange until the order has been filled, partially filled and cancelled, or cancelled in Open Orders.
Additionally, users can access the Desktop version of the AABB Exchange by going to: https://aabbexchange.com/trade/ then on the right side of the screen, click on “Log In or Register Now” to trade. You will then see the Log In page for the web version of AABB Wallet. Access AABB Wallet on your mobile device, go to the “More” tab, click on “Web QR Access” and scan the QR Code on your monitor. Then, create a temporary password for your access. Now you will be directly connected to the AABB Exchange with your account. Once you have accessed your wallet, click on “Trade” in the Menu. There, you will see the Exchange to place a Buy or Sell order for different trading pairs.
For further assistance and support, visit the:
Frequently Asked Questions page https://aabbexchange.com/faq/
or the AABB Wallet page https://aabbgoldtoken.com/faq/aabb-wallet/
About Asia Broadband
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders. Additionally, the Company has added a digital assets business segment and released its AABBG freshly minted mine-to-token gold-backed cryptocurrency within its AABB Wallet and a proprietary digital exchange AABBExchange. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies.
Contact the Company at:
General Email: ir@asiabroadbandinc.com
Token Support: www.AABBGoldToken.com/support/
Company Websites: www.asiabroadbandinc.com, www.AABBExchange.com, www.AABBGoldToken.com
Phone: 702-866-9054
Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.
SOURCE: Asia Broadband Inc.
Las Vegas, NV – March 15, 2022 – Asia Broadband Inc. (OTCPK: AABB) (“AABB” or the “Company”) is pleased to announce that the Company is anticipating the launch of its AABB Exchange mobile applications on the Apple and Android stores before March 22, 2022. The Company’s digital assets developer is currently finalizing the mobile versions of the proprietary cryptocurrency Exchange to submit for approval. The Exchange will soon be available to users on their mobile phones to place buy and sell orders to execute cryptocurrency trades for an expanding number of trading pairs available on the Exchange platform.
Currently, users can access the Desktop version of the AABB Exchange by going to: https://aabbexchange.com/trade/ then on the right side of the monitor, click on “Log In or Register Now to trade”. Once you have clicked on it, you will see the Log In page for the web version of AABB Wallet. Access AABB Wallet on your mobile device, go to the “More” tab, click on “Web QR Access” and scan the QR Code on your monitor. Then, create a temporary password for your access. Once this all has been completed, you will then be connected to the AABB Exchange with your account. Once you have accessed your wallet, click on Trade in the Menu. There, you will see the Chart with the ability to place a Buy or Sell order.
In collaboration with the Company’s digital assets developer, the phased roll out continues of additional Exchange components and cryptocurrency Exchange trading pairs on the BCGateway platform. The Exchange project has evolved and grown immensely in recent months to vastly improve the finished product. Many new features and capabilities have been added and are evolving to expand functionality, usability, module additions, a Spanish language version and further market penetration.
About Asia Broadband
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders. Additionally, the Company has added a digital assets business segment and released its AABBG freshly minted mine-to-token gold-backed cryptocurrency within its AABB Wallet and a proprietary digital exchange AABBExchange. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies.
Contact the Company at:
General Email: ir@asiabroadbandinc.com
Token Support : www.AABBGoldToken.com/support/
Company Websites: www.asiabroadbandinc.com, www.AABBExchange.com, www.AABBGoldToken.com
Phone: 702-866-9054
Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.
Source: Asia Broadband Inc.
Las Vegas, NV = March 9, 2022 – Asia Broadband Inc. (OTCPK: AABB) (“AABB” or the “Company”) is pleased to announce that it has signed a Letter of Intent (“LOI) to acquire additional high-grade gold properties Zodiac II and Zodiac III in Buen Pais, Mexico. AABB management is in the process of negotiating the terms of the prospective new adjacent acquisitions to add to the recently acquired Zodiac I property and management expects to reach an agreement after a due diligence and assessment period.
Last week, the Company signed a definitive purchase agreement to acquire a 100% interest in the Zodiac I Gold Mine Project in Buen Pais (“Good Country”), Mexico. The Company came to terms with Felipe Chávez Serrano and group for the 200 hectare concession, # 218704, Zodiaco I, located in the community of Buen Pais approximately 15 kms southeast from the municipality of Tonila and 30 kms from the city of Colima in Tuxpan, Jalisco, Mexico. The total purchase price of the property was $700,000 and the Company has the option to acquire two additional Zodiac concessions. Along with the property acquisition is a 150 ton per day (tpd) capacity processing plant available for lease and expansion. The Zodiac gold project is another prospective high yield asset addition in the Company’s strategic expansion initiative to acquire gold production and increase the AABB’s physical gold holdings.
To download the complete Buen Pais-Zodiac Preliminary Geological Report, go to: https://asiabroadbandinc.com/wp-content/uploads/2022/03/PROJECT-BuenPais-english.pdf
The assays in the geological report revealed high-grade gold and silver values from the non-targeted rock samples that were randomly collected throughout the property. Some of the most significant high-grade gold values were 101.6 grams per ton (g/t) and 26.2 (g/t). The Company is highly encouraged by the viability of these preliminary results that strongly indicate that targeted drilling samples directed by geophysics data could confirm similar high-grade mineralization values and concentrations throughout the property.
Company management is excited by the Zodiac acquisition and its expanded area for its potential for rapid expansion, high production, low operating costs and strong contribution to gross profits.
“The Zodiac I is an amazing acquisition for the us in terms of its production potential and economic value. Also, it is the third high-grade property now in the AABB mining portfolio. Generally, we are absolutely thrilled with the progress we have made over the past year with our new gold property acquisitions and our team is very focused now on their rapid development and production. And adding the Zodiac II and III to our development area would tremendously increase the production potential”, expressed Chris Torres, the Company President and CEO.
AABB continues to implement its mining property acquisition strategy to optimize development capital utilization by focusing operations in regions of Mexico where AABB has a comparative advantage of development resources and expertise readily available for rapid expansion and duplication of the Company’s previous gold production success.
In other Company news, AABB is anticipating the launch of its AABB Exchange mobile applications on the Apple and Android stores before March 22, 2022. The Company’s digital assets developer is currently finalizing the mobile versions of the proprietary cryptocurrency Exchange to submit for approval.
About Asia Broadband
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the Company and creates distinctive value for shareholders. Additionally, the Company has added a digital assets business segment and released its AABBG freshly minted mine-to-token gold-backed cryptocurrency within its AABB Wallet and a proprietary digital exchange AABBExchange. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies.
Contact the Company at:
General Email: ir@asiabroadbandinc.com
Token Support: www.AABBGoldToken.com/support/
Company Websites: www.asiabroadbandinc.com and www.AABBExchange.com and www.AABBGoldToken.com
Phone: 702-866-9054
Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.
Source: Asia Broadband Inc.
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About Asia Broadband, Inc.
Asia Broadband Inc. is a resource company focused on the production, supply and sale of precious and base metals to primarily Asian markets.
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