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Asia Broadband Initiates Accelerated Ore Stockpile Testing Program In Anticipation of Mineral Analysis Lab Installation
Asia Broadband Initiates Accelerated Ore Stockpile Testing Program In Anticipation of Mineral Analysis Lab Installation.
About this update from Asia Broadband, Inc.
[{"type":"text","content":"\n LAS VEGAS, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has initiated an ore stockpile testing program in advance of the completed installation of its mineral analysis laboratory on the new processing facility site in Etzatlan, Mexico. The testing program will utilize the data from the stockpile evaluation report to extrapolate the highest mineral concentration targets for evaluation and confirmation. The on-site analysis lab will allow for the efficient facilitation of the production target identification process with the quick turnaround capability and extensive testing capacity. The lab and testing program will accelerate the processing facility operations forward with reduced costs and maximized plant revenues. To download the Las Jimenez Stockpile Mineral Evaluation Report, go to: https://asiabroadbandinc.com/la-paz-etzatlan/ 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. 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. An 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...