NetworkNewsBreaks – Asia Broadband Inc. (AABB) Provides Update on Mining Properties, Facilities
Asia Broadband (OTC: AABB),a resource company focused on the production, supply and sale of precious and base metals primarily to Asian markets, released an update on its mining properties and facilities. AABB is focusing its efforts in parts of Mexico where the company has a comparative advantage of development resources and expertise readily available, enabling the rapid expansion and duplication of previous gold production success. The company observed that in 2020 it had explored a property diversification initiative and pursued several potential development projects, including a gold property in Colombia and a lithium property in Mexico; the company has determined that neither property is feasible for rapid development and is no longer pursuing development of either property. AABB is now actively searching for new high-potential mining property acquisitions. In addition, the company announced that it is continuing its due diligence on several high-potential property acquisitions located in Mexico. It is currently waiting for second-phase assays results from exploratory drilling samples conducted at a project at Los Reyes and is conducting second-page exploratory drilling at a location in Acaponeta-Bonanza; the company is also waiting for special permitting to continue first phase of operations development at a mining project in Colima. AABB also announced that it has opened a new mining operations storage and processing facility in Buenavista, Mexico, which will serve as a central warehouse hub, and is in the process of opening a new central operations office in Mexico City.
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