Business
Asia Broadband Resource Report Development Program Progresses at the Bonanza Gold Mine Project in Mexico
Asia Broadband Resource Report Development Program Progresses at the Bonanza Gold Mine Project in Mexico.
About this update from Asia Broadband, Inc.
[{"type":"text","content":"\n LAS VEGAS, Feb. 22, 2023 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has been moving forward with the exploration and development activities recommended in the certified geological technical report prepared by a qualified professional person (QP) for its Bonanza Gold Mine Project located in Acaponeta, Nayarit, Mexico. The initial mineral resource estimates of gold and silver values contained in this report exceed $10 million at the current spot precious metal prices. 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. Located in the prolific mining region of Acaponeta in Nayarit, Mexico, the Bonanza property has shown high-grade gold assay results from recent 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. Bonanza is a prospective high yield mining asset in the Company’s strategic initiative to increase gold production and AABB’s physical gold holdings. AABB continues to implement its mining property acquisition strategy to optimize development capital utilization by focusing operations in regions of Mexico where AABB has a comparative advantage of development resources and expertise readily available for rapid expansion and duplication of the Company’s previous gold production success. NFT REGISTRATION DEADLINE TODAY The registration closes today and is the final opportunity to purchase the inaugural release of the Company’s proprietary Non-Fungible Token (“NFT”) collection, titled “Golden Baboons Mining Club” (GBMC). The Company urges all shareholders, token-holders and NFT enthusiasts to register for the allowlist now to qualify to purchase GBMC NFTs on Tuesday, February 28, 2023. Registrants for the inaugural purchase will be allowed to mint a maximum of 10 NFTS per wallet at the reduced mint price of .03 ETH per NFT. To register to purchase GBMC NFT’s and for more ...