Asia Broadband, Inc. (OTC:AABB) continues to build up its reserves by acquiring a completed and certified geological technical report for its Bonanza Gold Mine Project.
Asia Broadband is a resource company that focuses on the production, supply, and sale of metals, focusing primarily on Asain markets. They operate by acquiring highly prospective gold projects in Latin America, then distribute production throughout their extensive global sales network.
Using this unique vertical integration approach to sales transactions, they have an additional edge over competitors, creating distinctive value for shareholders in the process.
The report has been completed by a qualified professional after being delayed to allow for the further exploration of strong mineral indications that were discovered near the time of planned submission of the drill cores.
The AABB geological and mining operations team plan to utilize the report to plan the production and exploration expansion of the Bonanza concession.
The newly certified Bonanza gold project, located in the Acaponeta area of Nayarit, Mexico, is a prospective high yield mining asset that is part of AABB’s strategic initiative to increase gold production and physical gold holdings.
Within this initial report, there is an estimated $10 million in mineral resources consisting of gold and silver at the current spot precious metal prices.
The company will use this mining operation to bolster resources and enhance productivity through its exploration, development, and resource expansion program. They will also use these resources to facilitate production, efficiencies, and processing equipment installations.
Chris Torres, AABB President and CEO, spoke more on the project: “The Company’s management group and mining team are absolutely thrilled with having the certified resource report in our hands for our Bonanza gold project. This initial detailed assessment is the guide that allows us to accelerate our expansion and development plans for the property.”
A unique aspect of AABB is its implementation of digital assets.
AABB released its AABB Gold (AABBG) freshly minted mine-to-token gold-backed digital asset within its AABB Wallet and a proprietary digital exchange, AABBExchange. The company envisions its token as a worldwide standard of exchange that is stable, secured, and trusted with gold backing while also having the added benefit of demand-based price appreciation. They do all this with the gold acquired through the central portion of their business, providing even more stability.
The company has over $30 million in physical gold reserves behind its AABBG token. Their token is a hybrid digital asset that is backed by gold mines. The tokens are supported entirely by reserves, with the company’s mining projects acting as the primary source with traditional third-party sources as a backup.
This approach to stablecoins is wholly unique and sets it apart from all others as they hold the gold pegged to the token.
Asia Broadband has also recently announced plans to develop NFT platforms and galleries.
The company continues to push forward, getting more involved in the digital asset space. The company’s digital asset divisions like the AABB Gold token, AABB Wallet, AABB Exchange, and NFTs will continue expanding and developing at an accelerated rate as time progresses. AABB will also continue to optimize its capital utilization by implementing its mining production and acquisition strategy in regions of Mexico.
AABB continues to optimize development capital utilization by implementing its mining property acquisition strategy. They plan to achieve this by focusing their operations in regions of Mexico. AABB has a comparative advantage within Mexico due to its development resources and expertise readily available for quick expansion and duplication of the company’s previous gold production success.
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