LAS VEGAS, Sept. 07, 2023 (GLOBE NEWSWIRE) — Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has signed a Letter of Intent (LOI) to acquire a high potential property in the prolific mining region of Hostotipaquillo, Jalisco, Mexico. The 4,081 hectare high-grade acquisition target concession #239735 named Picachos IV is located in a rapidly developing area and is adjacent to GoGold Resources Inc.’s (TSX: GGD) (OTCQX: GLGDF) Los Ricos South property. The Picachos gold project is another prospective high yield asset addition in the Company’s strategic expansion initiative to acquire gold production and increase the AABB’s physical gold holdings.
In the coming weeks, the Company will be conducting further due diligence and continuing its negotiations to acquire the new mining concession. AABB is expecting to confirm high-grade assay results in the coming weeks from the Company’s initial due diligence activities on the property, as the mapping and rock sampling program continues. Company management is exhilarated with the Picachos project for its potential for rapid development, high production and low operating costs.
“The Picachos property is a key strategic acquisition for the Company’s mining property portfolio that will facilitate the growth of our operations and profitability going forward”, expressed Chris Torres, the Company President and CEO.
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.
About Asia Broadband
Asia Broadband Inc. (OTC: AABB) is a resource company focused on the production of precious metals and the accumulation of physical gold holdings. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate the expansion of precious metals property holdings and production in Mexico. The Company’s industry and business integration in Mexico and its asset diversification are unique strengths of AABB that differentiate it from other companies and creates distinctive value for shareholders. Additionally, the Company has a digital assets business segment with its AABBG mine-to-token gold-backed cryptocurrency within its AABB Wallet, the unique Golden Baboons Mining Club non-fungible token collection, a proprietary digital exchange AABBExchange and a cryptocurrency payment gateway solution PayAABB.com. AABB expects its token to become a world-wide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand based price appreciation. These are unique and outstanding qualities relative to other cryptocurrencies and digital asset developers.
Contact the Company at:
General Email: firstname.lastname@example.org
Exchange Support: https://aabbexchange.com/faq/
Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.’s (the “Company”) expected current beliefs about the Company’s business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.
IMPORTANT NOTICE: The owner and contributors are NOT registered as Investment Advisers in any form at all. Readers should verify all claims and content from Stockify Media or affiliates. We encourage proper due diligence on any security mentioned. Likewise, note that by presenting a solicitation for a page on our site, or by pursuing any Stockify Media content you are unequivocally consenting to have read, comprehended, and consented to the entirety of the terms set out by this disclaimer. This disclaimer is provided because we are in the business of publishing advertisements and disseminating information on penny stocks. Therefore, certain communication disclosures must be made to viewers. The companies are commonly referred to as “penny stocks”. These “penny stock” securities are known to have high risk and speculative nature on the market. Stockify Media provides all buy, sell, or holding period disclosures on any profiled issuer. All our compensated disclosures can be viewed under the “Compensation Disclosure” heading at the bottom of this disclaimer. Stockify Media engages in posting and re-posting our sponsored clients public material. Stockify Media does not hold any position in the mentioned companies above. We have been compensated for this profile. Stockify Media, managers, and site contributors are not registered investment advisors in any form. Stockify Media is not responsible for maintaining the accuracy, integrity, and relevancy of third-party source data used in profiles. None of our information provided is a solicitation to buy or sell any security profiled by Stockify Media, LLC/Stockify Media. Our content is strictly for informational purposes only. This information is not intended and should not be used to make any investment decisions. We advise viewers to consult with a registered investment advisor prior to making any investment decisions. You are fully aware that you will lose your entire investment in any stocks mentioned. Our full disclaimer can be viewed here