AABB - Asia Metals Expands Gold Mining Operations As Goldman Sachs Raises 2019 Gold Forecast

Date : 02/07/2019 @ 2:00PM
Source :InvestorsHub NewsWire
Stock : Asia Broadband Inc (PK) (AABB)
Quote : 0.0038  -0.0004 (-9.52%) @ 9:33PM

AABB - Asia Metals Expands Gold Mining Operations As Goldman Sachs Raises 2019 Gold Forecast

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.
 

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