AABB - Asia Metals Inc. Budgets $4 Million for Phase II Drilling and Exploration Program
Apr 18, 2019, 08:30 ET
LAS VEGAS, April 18, 2019 /PRNewswire/ -- Asia Broadband Inc. (OTC : AABB), through its wholly owned subsidiary Asia Metals Inc., has committed a $4 million budget to its Phase II Exploration and Development Program near the Company's mine in Guerrero, Mexico. The Phase II Program will further target a specific area in close proximity to the mine to continue delineating the existing historical gold vein structure. Additionally, the new exploration program will expand the drill target scope to several other property areas that are adjacent to the mine.
The Company's management and its technical team are ecstatic with the successful drill results from the Phase I Program. The highlights of the drill results revealed high grade gold mineralization that attested the mine's historical production to date. The most significant gold value intersections were 3.1 meters (m) graded at 10.9 grams per ton (g/t), 4.8 meters (m) graded at 8.7 grams per ton (g/t) and 14.2 meters (m) graded at 5.7 grams per ton (g/t). Consequently, planning and analysis meetings have been ongoing over past several months to finalize the scope, budget and specific areas that will be the focus of the Phase II Drill Program. Further details of the Phase II Program will be announced soon in conjunction with start of the work activities.
Asia Broadband Inc. (OTC : AABB), through its wholly owned subsidiary Asia Metals Inc., 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 Guerrero, Mexico, to our client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of Asia Broadband and differentiates the Company to its shareholders.
Contact the Company at: |
|
Email: |
|
Website: |
|
Phone: |
702-866-9054 |
Cervitude Intelligent Relations |
|
Nicholas Coriano |
|
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.
SOURCE Asia Broadband Inc.