STOCK TITAN

Asia Broadband Bonanza Gold Mine Project Expanded Resource Technical Report Confirmed For September Release

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags

Asia Broadband Inc. (OTC: AABB) anticipates receiving an expanded certified geological technical report for its Bonanza Gold Mine Project in Acaponeta, Nayarit, Mexico by early September 2024. The report is expected to reveal significant potential for increased development scope and production planning. Preliminary mineral resource estimates from the initial report exceeded $10 million in gold and silver values at current spot prices. The company aims to maximize exploration, development, and resource expansion based on the new report's guidance.

The Bonanza project has shown high-grade gold assay results, with significant values exceeding 10 grams per ton. AABB management sees potential for rapid expansion, high production, low operating costs, and strong profit contribution from this asset. This project aligns with AABB's strategy to increase gold production and physical gold holdings through strategic mining asset acquisitions in Mexico.

Asia Broadband Inc. (OTC: AABB) prevede di ricevere un rapporto tecnico geologico certificato ampliato per il suo Progetto Minerario Bonanza Gold ad Acaponeta, Nayarit, Messico entro inizio settembre 2024. Si prevede che il rapporto riveli un potenziale significativo per un aumento dell'ambito di sviluppo e della pianificazione della produzione. Le stime preliminari delle risorse minerarie del rapporto iniziale hanno superato i 10 milioni di dollari in valore di oro e argento ai prezzi attuali di mercato. La società mira a massimizzare l'esplorazione, lo sviluppo e l'espansione delle risorse sulla base delle indicazioni del nuovo rapporto.

Il progetto Bonanza ha mostrato risultati di analisi dell'oro di alta qualità, con valori significativi superiori a 10 grammi per tonnellata. La direzione di AABB vede un potenziale per un'espansione rapida, alta produzione, costi operativi contenuti e un forte contributo ai profitti da questo asset. Questo progetto è in linea con la strategia di AABB di aumentare la produzione di oro e le riserve fisiche di oro attraverso acquisizioni strategiche di asset minerari in Messico.

Asia Broadband Inc. (OTC: AABB) anticipa recibir un informe técnico geológico certificado ampliado para su Proyecto Mina de Oro Bonanza en Acaponeta, Nayarit, México, a principios de septiembre de 2024. Se espera que el informe revele un potencial significativo para aumentar el alcance del desarrollo y la planificación de la producción. Las estimaciones preliminares de recursos minerales del informe inicial superaron los10 millones de dólares en valores de oro y plata a los precios actuales de mercado. La empresa busca maximizar la exploración, el desarrollo y la expansión de recursos según las directrices del nuevo informe.

El proyecto Bonanza ha mostrado resultados de análisis de oro de alta calidad, con valores significativos que superan los 10 gramos por tonelada. La gerencia de AABB ve potencial para una rápida expansión, alta producción, bajos costos operativos y una fuerte contribución a las ganancias de este activo. Este proyecto está alineado con la estrategia de AABB para aumentar la producción de oro y las tenencias físicas de oro a través de adquisiciones estratégicas de activos mineros en México.

아시아 브로드밴드 주식회사 (OTC: AABB)는 멕시코 나야리트주 아카포네타에 위치한 보난자 금 광산 프로젝트에 대한 확대된 인증 지질 기술 보고서를 2024년 9월 초에 받을 것으로 예상하고 있습니다. 이 보고서는 개발 범위와 생산 계획의 증가 가능성을 담고 있을 것으로 보입니다. 초기 보고서의 예비 광물 자원 추정치는 현물 가격 기준으로 금과 은의 가치가 1천만 달러를 초과했습니다. 회사는 새로운 보고서의 지침에 따라 탐사, 개발 및 자원 확장을 극대화하는 것을 목표로 하고 있습니다.

보난자 프로젝트는 1톤당 10그램 이상으로 고급 금 분석 결과를 보여주었습니다. AABB 경영진은 이 자산이 빠른 확장, 높은 생산성, 낮은 운영 비용 및 강력한 수익 기여를 할 잠재력이 있다고 보고 있습니다. 이 프로젝트는 AABB가 멕시코에서 전략적 광산 자산 인수를 통해 금 생산과 실물 금 보유량을 증가시키려는 전략과 일치합니다.

Asia Broadband Inc. (OTC: AABB) prévoit de recevoir un rapport technique géologique certifié élargi pour son Projet Minier Bonanza Gold à Acaponeta, Nayarit, Mexique, d'ici début septembre 2024. Ce rapport devrait révéler un potentiel significatif pour accroître le champ de développement et la planification de la production. Les estimations préliminaires des ressources minérales du rapport initial ont dépassé 10 millions de dollars en valeurs d'or et d'argent selon les prix du marché actuels. L'entreprise vise à maximiser l'exploration, le développement et l'expansion des ressources sur la base des recommandations du nouveau rapport.

Le projet Bonanza a montré des résultats d'essai d'or de haute qualité, avec des valeurs significatives dépassant 10 grammes par tonne. La direction d'AABB voit un potentiel pour une expansion rapide, une production élevée, de faibles coûts d'exploitation et une forte contribution aux bénéfices de cet actif. Ce projet est en adéquation avec la stratégie d'AABB d'augmenter la production d'or et les avoirs physiques en or par le biais d'acquisitions stratégiques d'actifs miniers au Mexique.

Asia Broadband Inc. (OTC: AABB) erwartet bis Anfang September 2024 einen erweiterten zertifizierten geologischen technischen Bericht für sein Bonanza Gold Mine Project in Acaponeta, Nayarit, Mexiko zu erhalten. Der Bericht soll bedeutendes Potenzial für einen erweiterten Entwicklungsumfang und eine verbesserte Produktionsplanung aufzeigen. Die vorläufigen Schätzungen der Mineralressourcen aus dem ursprünglichen Bericht überstiegen 10 Millionen Dollar an Gold- und Silberwerten zum aktuellen Marktpreis. Das Unternehmen verfolgt das Ziel, basierend auf den Empfehlungen des neuen Berichts, die Exploration, Entwicklung und Ressourcenerweiterung zu maximieren.

Das Bonanza-Projekt hat Analyseergebnisse mit hohem Goldgehalt gezeigt, mit bedeutenden Werten, die 10 Gramm pro Tonne überschreiten. Das Management von AABB sieht Potenzial für eine schnelle Expansion, hohe Produktion, niedrige Betriebskosten und einen starken Ergebnisbeitrag aus diesem Asset. Dieses Projekt steht im Einklang mit der Strategie von AABB, die Goldproduktion und physischen Goldbestände durch strategische Bergbau-Akquisitionen in Mexiko zu erhöhen.

Positive
  • Expanded geological technical report expected in September 2024
  • Preliminary mineral resource estimates exceed $10 million in gold and silver values
  • High-grade gold assay results with values over 10 grams per ton
  • Potential for rapid expansion, high production, and low operating costs at Bonanza project
  • Strategic acquisition aligns with company's goal to increase gold production and holdings
Negative
  • None.

LAS VEGAS, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company is expecting to receive an expanded certified geological technical report by the first week of September on its 100% owned registered concession at the Bonanza Gold Mine Project located in Acaponeta, Nayarit, Mexico. The Company will continue broadening its ongoing exploration and development activities at Bonanza directed by the new guidances and recommendations contained in the upcoming second technical report. The outstanding indications revealed during the compilation process of the new report signify the potential for a substantial increase in development scope and production planning for the Bonanza property.

The preliminary mineral resource estimates of gold and silver values contained in the initial technical report exceed $10 million at the current spot precious metal prices, prior to the Company’s ongoing work programs. 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. The Bonanza gold project is another prospective high yield mining asset in the Company’s strategic initiative to increase gold production and AABB’s physical gold holdings.

Located in the prolific mining region of Acaponeta in Nayarit, Mexico, the Bonanza property has shown high-grade gold assay results from 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.

To download the initial Bonanza Project Certified Geological Technical Report, go to: https://asiabroadbandinc.com/acaponeta-bonanza-report/

“The expanded resource scope in the new technical report is an exciting milestone for the mining team that will further reveal the high potential of Bonanza and refine our ongoing development and production operations,” stated Chris Torres, AABB 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 own proprietary AABB Wallet and the unique Golden Baboons Mining Club and Shorts Rascal Club Non-Fungible Token (NFT) collections. 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: ir@asiabroadbandinc.com
Token Support: support@aabbgmine2token.com
Company Websites: www.asiabroadbandinc.com
  www.aabbgmine2token.com
  www.goldenbaboons.com
   
Phone: 702-866-9054
   

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.


FAQ

When is Asia Broadband (AABB) expecting the new Bonanza Gold Mine Project technical report?

Asia Broadband Inc. (AABB) is expecting to receive the expanded certified geological technical report for the Bonanza Gold Mine Project by the first week of September 2024.

What are the preliminary mineral resource estimates for AABB's Bonanza Gold Mine Project?

The preliminary mineral resource estimates of gold and silver values for the Bonanza Gold Mine Project exceed $10 million at current spot precious metal prices, according to the initial technical report.

Where is Asia Broadband's (AABB) Bonanza Gold Mine Project located?

The Bonanza Gold Mine Project is located in Acaponeta, Nayarit, Mexico, which is described as a prolific mining region.

What are the significant gold assay results from AABB's Bonanza project?

The Bonanza property has shown high-grade gold assay results from samples and drilling activities, with the most significant gold values of more than 10 grams per ton (g/t).

ASIA BROADBAND INC

OTC:AABB

AABB Rankings

AABB Latest News

AABB Stock Data

86.12M
3.39B
0.1%
Other Industrial Metals & Mining
Basic Materials
Link
United States of America
Las Vegas