Sep 11, 2024, 8:00 AM
Sep 11, 2024, 8:00 AM

Asia Broadband to Release Resource Report for Tequila Gold Mine in Mexico

Highlights
  • Asia Broadband Inc. is preparing a resource technical report for the Tequila Gold Mine Project in Mexico, expected to be completed in Q4 2024.
  • The report will utilize the last four quarters of production data and aims to enhance exploration and production efficiencies.
  • The findings are anticipated to significantly boost AABB's mining operations and overall gold production strategy.
Story

Asia Broadband Inc. (AABB) is set to complete a resource technical report for the Tequila Gold Mine Project in Mexico by the fourth quarter of 2024. This report will be prepared by a new qualified professional person and will incorporate the last four quarters of production data. The ongoing development program at the Tequila site has shown promising indications that suggest potential for expansion and increased profitability. The geological and mining operations team at AABB plans to leverage the findings from the report to enhance exploration, development, and resource expansion efforts. Additionally, the report will aid in improving production efficiencies and upgrading processing equipment. This initiative aligns with AABB's broader strategy to boost gold production and increase its physical gold holdings. Chris Torres, the President and CEO of AABB, expressed optimism about the progress made by the mining group throughout the year, indicating that the upcoming report is expected to further elevate the company's mining operations growth initiative. The Tequila project is viewed as a high-yield asset that contributes to AABB's strategic goals in the precious metals sector. AABB distinguishes itself through its geographic expertise and industry connections in Mexico, which facilitate the expansion of its mining operations. The company aims to create unique value for shareholders while also developing a gold-backed token that could become a stable and trusted standard of exchange in the cryptocurrency market.

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