Posted in | News | Gold | Mining Business

Asia Broadband Acquires a High-Grade Zodiac Gold Mine Project

Asia Broadband Inc. has announced its signing of a definitive purchase agreement to buy a 100% deal offered in the Zodiac Gold Mine Project located in Buen Pais, Mexico.

Asia Broadband Acquires a High-Grade Zodiac Gold Mine Project.

Image Credit: Roman Bodnarchuk

The Company struck a deal with Felipe Chávez Serrano and group for the 200-hectare tender, #218704, Zodiaco I, located in the community of Buen Pais in Tuxpan, Jalisco, Mexico, approximately 15 km southeast of the municipality of Tonila and 30 km from the city of Colima. The property cost $700,000 in total, and the Company has the right to claim two additional Zodiac concessions.

Along with the property purchase, a processing plant with a capacity of 150 tons per day (tpd) is obtainable for lease and improvement. The Zodiac gold project is another potentially high-yielding property addition in the Company’s strategic growth plan to acquire gold production and improve the AABB’s physical gold assets.

The geological report’s assays demonstrated higher gold and silver values from non-targeted rock samples taken at random throughout the property. The most significant increased gold values were 101.6 grams per ton (g/t) and 26.2 grams per ton (g/t).

The effectiveness of these early findings, which imply that aimed drilling samples oriented by geophysics data could confirm relatively similar mineralization values and concentrations throughout the property, is extremely encouraging to the Company.

The Zodiac acquisition excites company management because of its potential for explosive growth, increased production, low maintenance costs and great contribution to gross profits.

The Zodiac is an amazing acquisition for the us in terms of its production potential and economic value. Also, it is the third high-grade property now in the AABB mining portfolio. We are absolutely thrilled with the progress we have made over the past year with our new gold property acquisitions and our team is very focused now on their rapid development and production.

Chris Torres, President and CEO, Asia Broadband Inc.

AABB continues to pursue its mining property acquisition plan to maximize development capital utilization by concentrating operations in regions of Mexico where AABB has a contrasting benefit in terms of development resources and expertise widely accessible for explosive growth and duplication of the Company’s past gold production achievements.


Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Azthena logo powered by Azthena AI

Your AI Assistant finding answers from trusted AZoM content

Azthena logo with the word Azthena

Your AI Powered Scientific Assistant

Hi, I'm Azthena, you can trust me to find commercial scientific answers from

A few things you need to know before we start. Please read and accept to continue.

  • Use of “Azthena” is subject to the terms and conditions of use as set out by OpenAI.
  • Content provided on any AZoNetwork sites are subject to the site Terms & Conditions and Privacy Policy.
  • Large Language Models can make mistakes. Consider checking important information.

Great. Ask your question.

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.