Asia Broadband Confirms Mining Title Registry Update for the La Paz Gold Mine Project in Etzatlan, Mexico, As Drilling Program Continues

Rhea-AI Summary

Asia Broadband Inc. (AABB) confirms property title registration at La Paz Gold Mine Project in Mexico, signaling significant development progress. The Company resumes drilling program after a pause in fall 2023, aiming to enhance operations and profitability.

LAS VEGAS, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has confirmed the property title concession registration in the Mexican Mining Registry for its 100% owned La Paz Gold Mine Project concession 236301, located in Etzatlan, Jalisco, Mexico. In previous months, an administrative processing backlog at the Registry delayed the ownership update for a considerable time. However, along with the title update, AABB recently continued its development and drilling program at the La Paz property after pausing the work program in the fall of 2023 to redeploy needed equipment to the Company’s Bonanza property project. Further details of the La Paz drill program are expected to be released soon as they become available.

To view the La Paz Project mining registration PDF, input Title Number 236301 at:
https://tarjetarpm.economia.gob.mx/tarjeta.mineria/ 

“It’s very gratifying to see the title finally showing in the Mexican Mining registry after a lengthy update delay. Additionally, our mining team is thrilled with the significant development progress and upside potential of the La Paz property as we continue the drilling program. The La Paz project is a key strategic asset in the Company’s mining property portfolio that will facilitate the growth of our operations and profitability going forward,” stated Chris Torres, AABB President and CEO.

AABB continues to implement its mining property expansion 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, 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. Additionally, the Company has added 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 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.

Contact the Company at:

General Email:         Token Support:       Company Websites: Phone:

ir@asiabroadbandinc.com support@aabbgmine2token.com  www.asiabroadbandinc.com www.aabbgmine2token.com           www.goldenbaboons.com  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 latest update regarding Asia Broadband Inc.'s (AABB) La Paz Gold Mine Project in Mexico?

Asia Broadband Inc. (AABB) has confirmed the property title concession registration for its 100% owned La Paz Gold Mine Project concession 236301 in Etzatlan, Jalisco, Mexico.

Why was there a delay in the ownership update for Asia Broadband Inc.'s (AABB) La Paz Gold Mine Project?

An administrative processing backlog at the Mexican Mining Registry caused a delay in the ownership update for Asia Broadband Inc.'s (AABB) La Paz Gold Mine Project.

What actions has Asia Broadband Inc. (AABB) taken regarding its La Paz Gold Mine Project after the delay?

Asia Broadband Inc. (AABB) resumed its development and drilling program at the La Paz property after pausing the work program in fall 2023 to redeploy equipment to the Bonanza property project.

How is Asia Broadband Inc. (AABB) planning to enhance its operations and profitability through the La Paz Gold Mine Project?

Asia Broadband Inc. (AABB) views the La Paz project as a key strategic asset in its mining property portfolio that will facilitate the growth of operations and profitability going forward.