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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About Asia Broadband Inc.
Asia Broadband is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Mexico to client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of AABB that differentiates the company and creates distinctive value for shareholders. The company has also recently released its freshly minted mine-to-token, gold-backed cryptocurrency AABB Gold token (“AABBG”). AABB expects its token to become a worldwide standard of exchange that is stable, secured and trusted with gold backing, while having the added benefit of demand-based price appreciation. For more information about the company, please visit www.AsiaBroadbandInc.com.
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