Asia Broadband Inc. (AABB) has reported that it has made substantial progress in recent months with exploration and development efforts at the Bonanza Gold Mine Project, located in Acaponeta, Nayarit, Mexico.
Since the development activities have been guided by the recommendations in the certified geological, technical report written by a qualified professional person (QP) from Micon International Limited, the ongoing program has revealed exceptional indications that have increased the potential of the Bonanza property.
At the current spot prices for precious metals, the preliminary mineral resource estimates for gold and silver values in the initial technical report surpass $10 million even without the company’s ongoing work programs.
The AABB geology and mining operations team has used the report to optimize its exploration, development, and resource growth program and to support production, efficiency, and the installation of processing equipment.
The company’s strategic plan to increase gold production and AABB’s physical gold holdings include the Bonanza gold project as another potential high-yield mining asset.
The Bonanza property, located in Nayarit, Mexico’s thriving mining region of Acaponeta, has produced high-grade gold assay findings from sampling and drilling operations, with the most significant gold values exceeding 10 grams per ton (g/t).
The Bonanza project has caught the attention of the company management due to its potential for quick development, high output, low operating costs, and significant contribution to gross profits.
We are increasingly thrilled with the upside potential of the Bonanza property, as we continue to make substantial progress implementing the recommendations outlined in our certified resource report.
Chris Torres, President and Chief Executive Officer, Asia Broadband Inc.
AABB continues to execute its mining property acquisition strategy to maximize development capital utilization by concentrating operations in regions of Mexico where AABB has a comparative advantage in terms of development resources and expertise easily accessible for rapid expansion and duplication of the company’s previous gold production success.
Source: https://asiabroadbandinc.com/