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AABB - Asia Metals Inc. Signs Letter of Intent To Acquire New Mineral Property In Prolific Mining Region of Mexico
AABB - Asia Metals Inc. Signs Letter of Intent To Acquire New Mineral Property In Prolific Mining Region of Mexico.
About this update from Asia Broadband, Inc.
[{"type":"text","content":"\n\n\n\nAABB - Asia Metals Inc. Signs Letter of Intent To Acquire New Mineral Property In Prolific Mining Region of Mexico\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAABB - Asia Metals Inc. Signs Letter of Intent To Acquire New Mineral Property In Prolific Mining Region of Mexico\nPR Newswire\nLAS VEGAS, Sept. 29, 2020\n\n\n\nLAS VEGAS, Sept. 29, 2020 /PRNewswire/ -- Asia Broadband Inc. (OTC: AABB), through its wholly owned subsidiary Asia Metals Inc., today announced that it has signed a Letter of Intent (LOI) to acquire a high potential mineral property in the state of Colima, Mexico.  The property is located in a prolific iron-copper-gold production area approximately 25 kms east of the Pena Colorada mine in Minatitlan, Mexico.  Advantageously located with direct access to main Highway #3, the property also has a natural water supply.  The land parcel is located at 19°18'47.3\"N 103°53'49.9\"W and consists of 100 hectares.  Strategically viewed as a diversification acquisition, the Colima property is situated in a region where AABB has a comparative advantage of development resources and expertise readily available to rapidly develop the project.  The Company is conducting its final stages of due diligence in preparation to complete the property acquisition agreement.  \nAABB recently added a mine and property in Colombia to its portfolio and is continuing with its gold mine acquisition campaign targeting properties in South America, Central America and Mexico, which have high development potential and historic gold production.  The focus of the campaign is to duplicate the successful acquisition model of the Company's existing high-density, shallow gold mine property in Guerrero, Mexico, that has known historical gold vein structures.  AABB is currently directing a full-scale development and production expansion of its mine and property in Mexico. \nAsia Broadband Inc. (OTC: AABB), through its wholly owned subsidiary Asia Metals Inc., is a resource company focused on the production, supply and sale of precious an...