AABB - Asia Metals Expands Gold Mining Operations As Goldman Sachs Raises 2019 Gold Forecast
February 07 2019 - 9:00AM
InvestorsHub NewsWire
Las Vegas, NV --
February 7, 2019 -- InvestorsHub NewsWire --
Asia Broadband Inc. (OTC
: AABB), through its wholly owned subsidiary Asia Metals Inc.,
recently confirmed the results of the 2018 Phase I Drill Program
conducted in close proximity to the Company’s Guerrero Gold Belt
(GGB) mine in Mexico. The drill program was completed during
the 4th quarter of 2018 and consisted of 12 holes to an average
depth of 468 meters (m) and 5,612 (m) in total. 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). In January, Goldman Sachs announced a 10% increase to
its 2019 gold forecast.
https://www.cnbc.com/2019/01/10/goldman-raises-gold-forecast-for-2019-on-recession-fears-fed-uncertainty.html
The Company’s management and its
technical team are ecstatic with the drill results from Phase I
Program. Consequently, daily meetings are currently underway
to finalize the size, scope, and budget details of an accelerated
Phase II Drill Program that will be initiated as soon as
possible.
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
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.
Asia Broadband (PK) (USOTC:AABB)
Historical Stock Chart
From Aug 2024 to Sep 2024
Asia Broadband (PK) (USOTC:AABB)
Historical Stock Chart
From Sep 2023 to Sep 2024