Asia Broadband Inc. (“AABB” or the “Company”) is pleased to announce that the Company has confirmed the property title concession registration in the Mexican Mining Registry for its 100% owned La Paz Gold Mine Project concession 236301, located in Etzatlan, Jalisco, Mexico. In previous months, an administrative processing backlog at the Registry delayed the ownership update for a considerable time. However, along with the title update, AABB recently continued its development and drilling program at the La Paz property after pausing the work program in the fall of 2023 to redeploy needed equipment to the Company’s Bonanza property project. Further details of the La Paz drill program are expected to be released soon as they become available.
“It’s very gratifying to see the title finally showing in the Mexican Mining registry after a lengthy update delay. Additionally, our mining team is thrilled with the significant development progress and upside potential of the La Paz property as we continue the drilling program. The La Paz project is a key strategic asset in the Company’s mining property portfolio that will facilitate the growth of our operations and profitability going forward,” stated Chris Torres, AABB President and CEO.
AABB continues to implement its mining property expansion strategy to optimize development capital utilization by focusing operations in regions of Mexico where AABB has a comparative advantage of development resources and expertise readily available for rapid expansion and duplication of the Company’s previous gold production success.
Source: https://asiabroadbandinc.com/