Picacho, California

Asia Broadband Extends Due Diligence In Anticipation of New High-Grade Gold Property Acquisition in Mexico

Retrieved on:

星期三, 十月 11, 2023

Mining, OTC, TSX, Acquisition, Gold, LOI, AABB, Picacho, California

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.

Key Points:

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.
In the coming weeks, the Company will continue conducting further due diligence and negotiations to acquire the new mining concession.

Asia Broadband Signs Letter of Intent to Acquire High-Grade Gold Property in Jalisco Mexico

Retrieved on:

星期四, 九月 7, 2023

AABB, LOI, Gold, Acquisition, Mining, OTC, TSX, Growth, Picacho, California, Uranium mining

LAS VEGAS, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has signed a Letter of Intent (LOI) to acquire a high potential property in the prolific mining region of Hostotipaquillo, Jalisco, Mexico.

Key Points:

LAS VEGAS, Sept. 07, 2023 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC: AABB) (“AABB” or the “Company”) is pleased to announce that the Company has signed a Letter of Intent (LOI) to acquire a high potential property in the prolific mining region of Hostotipaquillo, Jalisco, Mexico.
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.
In the coming weeks, the Company will be conducting further due diligence and continuing its negotiations to acquire the new mining concession.
Company management is exhilarated with the Picachos project for its potential for rapid development, high production and low operating costs.

Gold Ore Market Expected To Reach $26.96 Billion In 2027 as Significant Growth is Forecasted

Retrieved on:

星期四, 九月 7, 2023

/PRNewswire/ -- The majority industry reports project that the gold ore market should continue to see significant growth in the near and long future. Gold ore is a type of rock that contains gold mineral or particles in sufficient quantities to make it economically viable to mine and extract the gold. A report from ReportLinker projected that: The global gold ore market is expected to grow from $16.03 billion in 2022 to $17.86 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. It added that the gold ore market is expected to reach $26.96 billion in 2027 at a CAGR of 10.8%. The report said: "The main gold ore mining methods include placer mining, hard rock mining, and others. Placer gold mining is the method of using water to excavate, transport, concentrate, and recover heavy minerals from placer deposits (collections of gold existing in discrete particles or mixed with sand). The applications include cupellation method refining, inquartation method refining, miller chlorination process refining, Wohlwill electrolytic process refining, and aqua regia process refining used in investment, jewelry, and others." Active Companies in the markets today include Asia Broadband Inc. (OTCPK: AABB), Harmony Gold Mining Company Limited (NYSE: HMY), Kinross Gold Corporation (NYSE: KGC) (TSX: K), Sandstorm Gold Ltd. (NYSE: SAND), (TSX: SSL), Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX).

Key Points:

A report from ReportLinker projected that: The global gold ore market is expected to grow from $16.03 billion in 2022 to $17.86 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%.
It added that the gold ore market is expected to reach $26.96 billion in 2027 at a CAGR of 10.8%.
The increase in demand for gold jewelry propelled and is driving the growth of the gold ore market.
Companies operating in the gold ore market are adopting new technologies to sustain their position in the market."

Gold Ore Market Expected To Reach $26.96 Billion In 2027 as Significant Growth is Forecasted

Retrieved on:

星期四, 九月 7, 2023

/PRNewswire/ -- The majority industry reports project that the gold ore market should continue to see significant growth in the near and long future. Gold ore is a type of rock that contains gold mineral or particles in sufficient quantities to make it economically viable to mine and extract the gold. A report from ReportLinker projected that: The global gold ore market is expected to grow from $16.03 billion in 2022 to $17.86 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. It added that the gold ore market is expected to reach $26.96 billion in 2027 at a CAGR of 10.8%. The report said: "The main gold ore mining methods include placer mining, hard rock mining, and others. Placer gold mining is the method of using water to excavate, transport, concentrate, and recover heavy minerals from placer deposits (collections of gold existing in discrete particles or mixed with sand). The applications include cupellation method refining, inquartation method refining, miller chlorination process refining, Wohlwill electrolytic process refining, and aqua regia process refining used in investment, jewelry, and others." Active Companies in the markets today include Asia Broadband Inc. (OTCPK: AABB), Harmony Gold Mining Company Limited (NYSE: HMY), Kinross Gold Corporation (NYSE: KGC) (TSX: K), Sandstorm Gold Ltd. (NYSE: SAND), (TSX: SSL), Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX).

Key Points:

A report from ReportLinker projected that: The global gold ore market is expected to grow from $16.03 billion in 2022 to $17.86 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%.
It added that the gold ore market is expected to reach $26.96 billion in 2027 at a CAGR of 10.8%.
The increase in demand for gold jewelry propelled and is driving the growth of the gold ore market.
Companies operating in the gold ore market are adopting new technologies to sustain their position in the market."