Mining Stocks

Asia Broadband Inc. (AABB) Takes The Los Reyes Gold Mine Property Purchase Deal Further; Expands Management Team 

  • Asia Broadband takes the Los Reyes gold mine property purchase deal further with mapping and rock sampling assay results
  • Asia Broadband announces the appointment of new management personnel
  • AABB will be launching a new website with information highlighting all its development and operational goals with the managerial aspects of the company

Asia Broadband (OTC: AABB) has received mapping and rock sample assay results during the ongoing due diligence process for acquiring a significant gold mine property and on-site processing unit in the productive mining region of Mascota in Jalisco, Mexico. The company had signed the Letter of Intent sometime back to acquire this reputed mining area.

The 200-hectare Los Reyes property, situated at an average elevation of 2600 meters above sea level, is located approximately 3 km from Navidad, at geographic coordinates 20° 15′ – 20° 51” latitude North and 104° 31′ – 105° 11” longitude West. Spread over an expansive 25 hectares of land, the Los Reyes project has two mine sites with existing infrastructure and a humungous 50-ton per day processing unit. The effort towards this gold mine property acquisition is AABB’S strategic initiative to acquire gold production and high potential gold properties to increase the company’s physical gold holdings (https://ibn.fm/kozot).

The company also announced the appointment of new management personnel this month. Asia Broadband is a resource company that employs a unique vertical approach to the sale of its base and precious metals, giving the company an edge over its competitors. With the expansion of its mining operations, the AABBG gold-backed cryptocurrency, and administration initiatives in the pipeline, AABB requires added professional expertise and managerial infrastructure at its disposal (https://ibn.fm/CzEnk).

AABB is also launching a new website with information highlighting all its development and operational goals with the managerial aspects of the company, alongside the new management recruitments. Subsequently, the company also plans to release an audit status update.

Asia Broadband is actively engaged in the expansion and acquisition maneuvers. Last year, Asia Broadband announced its acquisition of a high potential mineral property that showed significant mineralization in its multiple sectors, in the state of Colima, Mexico.

Recently, the company also launched their AABB Gold (“AABBG”) cryptocurrency token developed by Core State Holdings, Corp. (“CSHC”). This strengthened the company’s foothold as a market leader in providing a trusted gold-backed standard of exchange targeting high growth markets globally, especially the Asian markets (https://ibn.fm/kM3mX).

For more information, visit the company’s website at www.AsiaBroadbandInc.com.

NOTE TO INVESTORS: The latest news and updates relating to AABB are available in the company’s newsroom at https://ibn.fm/AABB

About MiningNewsWire 

MiningNewsWire (MNW) is a specialized communications platform focused on developments and opportunities in the global resources sector. The company provides (1) access to a network of wire services via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets (3), enhanced press release services to ensure maximum impact, (4) social media distribution via the Investor Brand Network (IBN) to nearly 2 million followers, and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, MNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MNW brings its clients unparalleled visibility, recognition and brand awareness. MNW is where news, content and information converge.

To receive SMS text alerts from MiningNewsWire, text “BigHole” to 21000 (U.S. Mobile Phones Only)

For more information, please visit https://www.miningnewswire.com

Please see full terms of use and disclaimers on the MiningNewsWire website applicable to all content provided by MNW, wherever published or re-published: https://www.miningnewswire.com/Disclaimer

MiningNewsWire
Los Angeles, California
www.miningnewswire.com
310.299.1717 Office
Editor@MiningNewsWire.com

MiningNewsWire is part of the InvestorBrandNetwork.

Lacey@MNW

Share
Published by
Lacey@MNW

Recent Posts

ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Mining Operation in Quebec Shows Open Potential for Revenues

The Montauban mine site in Canada’s Quebec province is being rehabilitated after prior operations and…

8 hours ago

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) Secures Financing Advisors, Expands Offerings to Fund Beacon Gold Mill Restart

LaFleur Minerals has engaged FMI Securities and FM Global Markets to raise up to C$5…

3 days ago

Gold Makes Modest Gains as Rate Cut Expectations Strengthen

The start of the week saw the price of gold surge after economic data released…

3 days ago

LaFleur Minerals Inc. (CSE: LFLR) (OTCQB: LFLRF) (FSE: 3WK0) Launches Diamond Drilling at Swanson Project, Beacon Gold Mill Valuation Is Finalized

LaFleur Minerals has begun a fully funded, 5,000-metre diamond drilling campaign at its Swanson Gold…

4 days ago

BP Announces a Major Oil Discovery in Brazil

Earlier this week, British Petroleum (BP) announced that it had made a resource discovery that…

4 days ago

Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Set to Leverage Proprietary Tech, New Trade Deals as Magnetic Materials Gatekeeper

Recent White House announcements with EU and Japan outline tariff guidelines, investment commitments. The confluence…

6 days ago