Asia Broadband Bonanza Gold Mine Project To Recieve Expanded Resource Estimate Technical Report In 3rd Quarter

Rhea-AI Summary

Asia Broadband (AABB) announced it will receive an expanded certified geological technical report for its Bonanza Gold Mine Project in Q3 2024. The report will guide and broaden exploration and development activities at the site in Acaponeta, Nayarit, Mexico. Initial estimates value gold and silver deposits at over $10 million. High-grade gold assay results exceed 10 grams per ton. The project is expected to offer rapid expansion, high production, low operating costs, and strong gross profit contributions. AABB aims to leverage its expertise for efficient development and increased gold production.

Positive

• Expected expanded technical report to guide broader exploration and development in Q3 2024.
• Initial estimates of gold and silver values exceed $10 million.
• High-grade gold assay results surpass 10 grams per ton.
• Potential for rapid expansion and high production at low operating costs.

Negative

• No immediate production or revenue increase confirmed until the new report is received and its recommendations implemented.

LAS VEGAS, June 26, 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 during the 3^rd quarter on its 100% owned registered concession at the Bonanza Gold Mine Project located in Acaponeta, Nayarit, Mexico. The Company will be 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/

“We are increasingly thrilled with the expanding potential of the Bonanza property and we are highly anticipating the new report’s recommendations to be implemented right away,” 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

What is the potential value of the gold and silver deposits at AABB's Bonanza Gold Mine Project?

Initial estimates place the value of the gold and silver deposits at the Bonanza Gold Mine Project at over $10 million.

When will AABB receive the expanded technical report for the Bonanza Gold Mine Project?

AABB expects to receive the expanded technical report during the 3rd quarter of 2024.

What are the gold assay results at AABB's Bonanza Gold Mine Project?

The gold assay results at the Bonanza Gold Mine Project show high-grade values of more than 10 grams per ton.

How does AABB plan to utilize the new technical report for the Bonanza Gold Mine Project?

AABB will use the new technical report to broaden exploration and development activities, maximize resource expansion, and enhance production efficiencies at the Bonanza Gold Mine Project.

What are the expected benefits of the Bonanza Gold Mine Project for AABB?

The Bonanza Gold Mine Project is expected to offer rapid expansion, high production, low operating costs, and strong contributions to gross profits for AABB.