AABB - Asia Broadband Inc. (AABB) on Course to Increase Physical Gold Holdings with Two Potential Property Acquisitions
- Asia Broadband is increasing its physical gold holdings, to financially leverage and back the company’s AABBG cryptocurrency token, through acquisitions of historic gold mine site properties
- The company is currently at an advanced stage of negotiations and due diligence process for the purchase of the 200-hectare Los Reyes property in western Mexico, whose assay results show significant promise
- AABB also announced that it has entered into an LOI to acquire a high-yield asset in the prolific mining region of Acaponeta in Nayarit, also in western Mexico
Asia Broadband (OTC: AABB), a resource company operating using a vertically integrated model that sees it produce, supply and sell precious and base metals, primarily to Asian markets, is committed to strategically increase its physical gold holdings, to financially leverage and back the company’s AABBG cryptocurrency token, by acquiring gold production and high potential gold properties. Driven by this goal, AABB recently made notable strides that are expected to culminate in the acquisition of properties located in two prolific mining regions of Mexico.
The first property – the Los Reyes property – located in the region of Mascota in Jalisco, Mexico, and covering an expansive area of 200 hectares, has two mine sites and houses on-site processing facilities, including one capable of processing 50 tons of...
NOTE TO INVESTORS: The latest news and updates relating to AABB are available in the company’s newsroom at http://ibn.fm/AABB
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