LAS VEGAS, Aug. 27, 2020 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC : AABB), through its wholly owned subsidiary Asia Metals Inc., confirmed today that the fifth and final phase of assay results of the Company’s $4 million Phase II Exploration and Development Program will be published Tuesday, September 1st, as the Company continues accelerating its mining operations expansion. AABB is on target to achieve it highest production quarter by the end of September. The Company is also anticipating gold production to triple in 2020 from its 2019 benchmark due to higher daily throughput levels and metals extraction efficiencies achieved with the new production facilities installed earlier this year. Furthermore, the recent economic conditions have created strong and unprecedented fundamentals for gold producer equities and increased demand from the investment community. The economic instability, uncertainty and inflationary effects of the Coronavirus pandemic have launched gold and gold producers into a significant growth phase and increased profit margins.
AABB’s drilling campaign began in the third quarter of 2019 and was budgeted for 20,000 (m) targeting areas in extended proximity to the Company’s mine in Guerrero, Mexico, to further delineate the known historical and new gold vein structures. The Company’s management and technical team have been thrilled with the successful drill results of the Phase II Program in all four phases of assay results published in October and December 2019 and February and May 2020. The highlights of the Phase II drill results have revealed high grade gold mineralization in multiple holes in each phase published attesting to the mine’s historical production to date. Some of the most significant gold value intersections from previous drill phase results are 4.1 meters (m) graded at 13.2 grams per ton (g/t), 4.9 meters (m) graded at 12.6 grams per ton (g/t), 5.2 meters (m) graded at 11.6 grams per ton (g/t).
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: | ir@asiabroadbandinc.com |
| Website: | www.asiametalsinc.com |
| Phone: | 702-866-9054 |
| Parkin Investor Relations | |
| Kevin Parkin |
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.