AABB - Expects To Publish Gold Mine Core Sample Assay Soon - Gold Price Remains Near 6 Year High
22 Agosto 2019 - 10:54AM
InvestorsHub NewsWire
AABB - Asia Metals Inc Expects To Soon Publish
Positive Gold Mine Core Sample Assay Results As Gold Price Remains
Near 6 Year High
Las
Vegas, NV -- August 22, 2019 -- InvestorsHub NewsWire -- Asia
Broadband Inc. (OTC
: AABB), through its wholly owned subsidiary Asia Metals Inc.,
has made significant progress in its Phase II Exploration and
Development Program that will continue to target 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 recently completed over 2,880 meters (m) of drilling and
has begun the necessary preparations to deliver the drill core
samples for assay. The initial drill results of the Phase II
Program are expected to be available and announced in
September.
The
$4M Phase II Program estimates that more than 40 drill holes and
over 20,000 (m) of drilling will be completed. All drill targets
defined in the Program protocol were selected using data obtained
from the Company’s Phase I Drill Program completed in the fourth
quarter of 2018 and new geophysics data captured from the property
region in the first quarter of this year.
In
January of this year, the Company’s management and technical team
were exhilarated 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).
At
the same time Asia Metals prepares for the initial assay results of
its Phase II program, Gold Prices remain elevated after recently
reaching a 6-year high against all major currencies. Gold bullion
prices have climbed in the wholesale market in 2019 to touch $1,500
per ounce – the highest since May 2013.
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
Rebecca Whitmore Investor
Relations
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.
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