Asia Broadband Inc. announces the signing of a Letter of Intent (“LOI”) to buy the Zodiac II and Zodiac III high-grade gold assets in Buen Pais, Mexico. AABB management is now discussing the conditions of potential new nearby purchases to complement the newly purchased Zodiac I property and hopes to strike an agreement following a period of due diligence and evaluation.
The Company executed a formal acquisition offer to purchase a 100% stake in the Zodiac I Gold Mine Project in Buen Pais (“Good Country”), Mexico, last week. The Company has reached an agreement with Felipe Chávez Serrano and his team for the 200-hectare concession, #218704, Zodiaco I, situated in the group of Buen Pais in Tuxpan, Jalisco, Mexico, up to 15 km southeast of the municipality of Tonila and 30 km southeast of the city of Colima.
The site was purchased for $700,000 in total, and the Company has the option to purchase two more Zodiac concessions. A 150 ton per day (tpd) processing plant is offered for leasing and expansion along with the site purchase. The Company’s strategic growth strategy to acquire gold output and enhance the AABB’s physical gold holdings includes the Zodiac gold project, which is another potential high yield asset acquisition.
The non-targeted rock samples that were randomly gathered across the site had high-grade gold and silver values, according to the analyses in the geological study. 101.6 grams per ton (g/t) and 26.2 grams per ton (g/t) were two of the most noteworthy high-grade gold values.
The feasibility of these early results, which strongly suggest that targeted drilling samples directed by geophysical data might confirm comparable high-grade mineralization values and concentrations throughout the property, gives the Company great hope.
The Zodiac purchase and its extended region excite company management because of the acquisition’s potential for quick development, high output, low operating costs and great contribution to gross profits.
The Zodiac I 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.
Chris Torres, President and CEO, Asia Broadband Inc.
Chris Torres added, “Generally, 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. And adding the Zodiac II and III to our development area would tremendously increase the production potential.”
AABB continues to implement its mining property market strategies to maximize development capital utilization by concentrating operations in regions of Mexico where the Company has a competitive advantage of growth resources and expertise widely accessible for fast increase and duplication of previous gold production success.
In other AABB developments, the company expects its AABB Exchange mobile applications to be available on the Apple and Android stores by March 22th, 2022. The Company’s digital assets developer is currently working on the mobile versions of the company’s own cryptocurrency Exchange, which will be submitted for approval.