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Asia Broadband Bonanza Gold Mine Project Expanded Resource Technical Report Confirmed For September Release
Asia Broadband Bonanza Gold Mine Project Expanded Resource Technical Report Confirmed For September Release.
About this update from Asia Broadband, Inc.
[{"type":"text","content":"\n LAS VEGAS, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company is expecting to receive an expanded certified geological technical report by the first week of September on its 100% owned registered concession at the Bonanza Gold Mine Project located in Acaponeta, Nayarit, Mexico. The Company will continue broadening its ongoing exploration and development activities at Bonanza directed by the new guidances and recommendations contained in the upcoming second technical report. The outstanding indications revealed during the compilation process of the new report signify the potential for a substantial increase in development scope and production planning for the Bonanza property. The preliminary mineral resource estimates of gold and silver values contained in the initial technical report exceed $10 million at the current spot precious metal prices, prior to the Company’s ongoing work programs. The AABB geological and mining operations team has been utilizing the report to maximize its exploration, development and resource expansion program, as well as facilitate production, efficiencies and processing equipment installations. The Bonanza gold project is another prospective high yield mining asset in the Company’s strategic initiative to increase gold production and AABB’s physical gold holdings. Located in the prolific mining region of Acaponeta in Nayarit, Mexico, the Bonanza property has shown high-grade gold assay results from samples and drilling activities with the most significant gold values of more than 10 grams per ton (g/t). Company management is excited by the Bonanza project for its potential for rapid expansion, high production, low operating costs and strong contribution to gross profits. To download the initial Bonanza Project Certified Geological Technical Report, go to: https://asiabroadbandinc.com/acaponeta-bonanza-report/ “The expanded resource scope in the new technical report is an exciting milestone for the mining team that will further reveal the high potential of Bonanza and refine our ongoing development and production operations,” stated Chris Torres, AABB President and CEO. AABB continues to implement its mining property acquisition strategy to optimize development capi...