Asia Broadband Recent Production Data Guides Expanded Resource Technical Report At The Tequila Gold Mine Project In Mexico

Rhea-AI Summary

Asia Broadband Inc. (OTC: AABB) anticipates completing a resource technical report for its Tequila Gold Mine Project in Mexico by Q4 2024. The report, prepared by a new qualified professional, will incorporate the last four quarters of production data and recent development findings that suggest high expansion potential and profitability. AABB's team plans to use this report to optimize exploration, development, and resource expansion efforts, as well as improve production efficiencies and upgrade processing equipment. This project aligns with the company's strategy to increase gold production and physical gold holdings. CEO Chris Torres expressed pride in the mining group's progress and anticipates significantly higher production levels in the future.

Positive

• Completion of resource technical report expected in Q4 2024
• Recent development program reveals high expansion potential
• Report to be used for optimizing exploration and development
• Aligns with strategy to increase gold production and holdings
• Management anticipates significantly higher production levels

Negative

• None.

LAS VEGAS, Sept. 11, 2024 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company is expecting the completion of a resource technical report in the fourth quarter for the Tequila Gold Mine Project located in the Tequila region of Mexico. AABB has been working with a new qualified professional person (QP) to prepare the certified geological technical report that will be supplemented by the last four quarters of production data. In addition to the recent production, the ongoing development program at Tequila has revealed outstanding indications that have elevated the property’s potential for expansion and profitability. The AABB geological and mining operations team will utilize the report to maximize its exploration, development and resource expansion program as well as facilitate production efficiencies and processing equipment upgrades and additions. The Tequila 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.

“The mining operations growth initiative our management team has been so focused all year is expected to be lifted even higher with the Tequila report due out in Q4. We are proud of and excited with the progress our mining group has made this year so far, which continues to set the stage to achieve significantly higher levels of production going forward,” expressed Chris Torres, AABB President and CEO.

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 to complete the resource technical report for the Tequila Gold Mine Project?

Asia Broadband Inc. (AABB) is expecting to complete the resource technical report for the Tequila Gold Mine Project in the fourth quarter of 2024.

What will be included in the Tequila Gold Mine Project technical report for AABB?

The technical report will include certified geological data supplemented by the last four quarters of production data from the Tequila Gold Mine Project.

How does Asia Broadband (AABB) plan to use the Tequila Gold Mine Project technical report?

AABB plans to use the report to maximize exploration, development, and resource expansion, as well as improve production efficiencies and upgrade processing equipment at the Tequila Gold Mine Project.

What is the strategic importance of the Tequila Gold Mine Project for Asia Broadband (AABB)?

The Tequila Gold Mine Project is part of AABB's strategic initiative to increase gold production and physical gold holdings, potentially becoming a high-yield mining asset for the company.