LAS VEGAS, March 01, 2022 (GLOBE NEWSWIRE) — Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that it has signed a definitive purchase agreement to acquire a 100% interest in the Zodiac gold mine project in Buen Pais (“good country”), Mexico. The company has agreed with Felipe Chávez Serrano and the group for the 200-hectare concession, # 218704, Zodiaco I, located in the community of Buen Pais approximately 15 km southeast of the municipality of Tonila and 30 km from the town of Colima to Tuxpan, Jalisco, Mexico. The total purchase price for the property was $700,000 and the Company has the option to acquire two additional Zodiac dealerships. Along with the acquisition of the property, a processing plant with a capacity of 150 tonnes per day (tpd) is available for rental and expansion. The Zodiac Gold Project is another potential addition of high-yielding assets as part of the company’s strategic expansion initiative to acquire gold production and grow AABB’s physical gold holdings.
To download the full Buen Pais-Zodiac preliminary geological report, go to: https://asiabroadbandinc.com/wp-content/uploads/2022/03/PROJECT-BuenPais-english.pdf
Geological Report assays revealed high-grade gold and silver values in non-target rock samples that were randomly collected from across the property. Some of the most significant high grade gold values were 101.6 grams per tonne (g/t) and 26.2 (g/t). The Company is strongly encouraged by the viability of these preliminary results which strongly indicate that targeted drill samples driven by geophysical data could confirm similar high-grade mineralization values and concentrations across the property.
Company management is excited about the Zodiac acquisition for its potential for rapid expansion, high production, low operating costs and strong contribution to gross profits.
“The Zodiac is an incredible acquisition for the United States in terms of production potential and economic value. Additionally, it is the third high-grade property in AABB’s mining portfolio. We are absolutely delighted with the progress we have made over the past year with our new gold property acquisitions and our team is now very focused on their rapid development and production,” said Chris Torres, President and Chief Executive Officer. of the society.
AABB continues to implement its mineral property acquisition strategy to optimize the use of development capital by focusing its operations in areas of Mexico where AABB has a comparative advantage in development resources and readily available expertise for rapid expansion and duplication of the company’s previous successes in gold production.
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 in Asian markets. The Company uses 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 customer sales networks in Asia. This vertically integrated approach to sales transactions is AABB’s unique strength that differentiates the Company and creates distinctive shareholder value. Additionally, the company has added a digital asset business segment and launched its freshly minted AABBG gold-backed mine-to-token cryptocurrency in its AABB wallet and proprietary digital exchange AABBExchange. AABB expects its token to become a stable, secure and reliable global exchange standard with gold backing, while having the added benefit of demand-driven price appreciation. These are unique and exceptional qualities compared to other cryptocurrencies.
Forward-looking statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on Asia Broadband Inc.’s (the “Company”) expected current beliefs regarding the Company’s business. , which are subject to uncertainty and change. The Company’s operations and results could differ materially from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information on these risks can be found in the annual and quarterly information that the Company has published on the OTC Markets website. The Company undertakes no obligation to update or change its forward-looking statements as future circumstances, events and information may change.
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