LAS VEGAS, October 21, 2021 (GLOBE NEWSWIRE) – via InvestorWire – Asia Broadband Inc. (AABB) (“AABB” or the “Company”) is pleased to announce that it has signed a definitive joint venture agreement to secure a 75% interest in the Tequila gold mine project and 100% of the current gold production and future of the property. The Company has reached an agreement with the owner Juan Enrique Michel Arambula Y Socios for the concession of 66.6792 hectares No.219165, La Guadalupe, located approximately 70 kilometers north of Guadalajara near the town of San Martin de las Canas in the municipality of Tequila, Jalisco, Mexico. In addition, negotiations are underway to add additional concessions to the Tequila Project joint venture.
The Tequila property currently produces gold, silver and base metals from its 25 ton per day (tpd) processing facility and all efforts are underway to significantly increase daily production capacity with a facility to expand grinding facilities in the first quarter of 2022. AABB will be the continuation of the previous exploration and drilling program on the Tequila property carried out by a Canadian mining company which revealed several veins of gold mineralization and ‘silver with high grade potential. Further development work on the property will facilitate the completion of a professional geological resource assessment report and further define the scope of the joint venture’s capital budget in the future.
The Tequila Gold Project is another high-yielding asset addition as part of the Company’s strategic expansion initiative to acquire gold production and increase AABB’s physical gold holdings. The management of the company is excited about the Tequila project for its rapid expansion potential, high production, low operating costs and strong contribution to gross profits.
AABB continues to implement its mining 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 expertise readily available for rapid expansion and duplication of the Company’s previous gold production success.
About broadband in Asia
Asia Broadband Inc. (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. The company recently released its token mining gold backed cryptocurrency AABB Gold (AABBG) token and strives to become a secure and reliable global exchange standard with gold backing, exceptional quality compared to other cryptocurrencies. .
Contact the Company at:
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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 current opinions expected of Asia Broadband Inc. (the “Company”) regarding the business of the Company. , which are subject to uncertainty and change. The operations and results of the Company could differ materially from what is expressed or implied by the statements made above as 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 has no obligation to update or change its forward-looking statements to the extent that future circumstances, events and information may change.
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