Asia Broadband Extends Due Diligence In Anticipation of New High-Grade Gold Property Acquisition in Mexico
LAS VEGAS, Oct. 11, 2023 (GLOBE NEWSWIRE) — Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has extended its due diligence processes to further evaluate the development scope and value of a new high potential gold and silver property acquisition. Several weeks ago, the Company signed a Letter of Intent (LOI) to acquire the new property in the prolific mining region of Hostotipaquillo, Jalisco, Mexico. The 4,081 hectare high-grade acquisition target concession #239735 named Picachos IV is located a rapidly developing area and is adjacent to gold producer GoGold Resources Inc.’s (TSX:GGD) OTCQX: GLGDF) Los Ricos South property. The Picachos gold project is another prospective high yield asset addition in the Company’s strategic expansion initiative to acquire gold production and increase the AABB’s physical gold holdings.
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