Asia Broadband Inc - AABB stock
OTC Symbol: AABB | OTC Tier: Pink Current
Overview[edit]
Asia Broadband (OTC: AABB) is a resource company that aims to supply base metals to Asian markets from mining operations in Mexico.[1]
AABB jumped on the crypto bandwagon by launching a golf backed token in March 2021 and is in the process of building a cryptocurrency exchange. [2] No data is collected and transactions are 100% invisible to third parties. At this initial stage, the AABB Wallet has opened trade for purchases who want to transfer AABB Gold tokens to other users who also have the AABB Wallet. This preliminary version is meant to increase token circulation and generate revenues that can support and stabilize the token price once AABBG is openly tradable on the market.[3]
On July 21, 2021 the company issued an operations update via a press release. In the update they stated that two properties under evaluation in Columbia and Mexico were deemed not feasible for the rapid development projects they are seeking. In addition, they announced continued due diligence on other properties in Mexico. A project in Colima, Mexico is awaiting special permitting to move ahead with expanding infrastructure , conducting geophysics capture, and initiating a drilling exploration program. They also announced the opening of a central operations office in Mexico City.[4]
Mining Projects[edit]
The company is in the process of acquiring mining concessions in Mexico as part of their strategy to focus on areas "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." They have discontinued development of the Los Reyes and Colima properties.[5]
Acaponeta, Bonanza[edit]
The Acaponeta gold project is a key part of AABB's expansion into physical gold holdings and gold production. This project is located approximately 3 kms from the town of El Carrizo. It includes infrastructure, two mine sites, and a processing facility capable of producing 200 tons per day. AABB has signed a letter of intent to acquire this concession.[6]
Tequila Gold Mine[edit]
Located near San Martin de las Canas, approximately 70 kilometers from Guadalajara. Like Acaponeta, this project is part of the plan to increase physical gold holdings. Note that the previous exploration company was not able to agree to terms with the property owner. AABB has signed a letter of intent for an 80% interest.[7]
Buen Pais, Zodiac[edit]
This concessions is located approximately 15 kms from Tonila and 30 kms from Colima. AABB has an agreement to acquire a 100% interest and an option to acquire two more concessions for $700,000.[8]
La Paz Gold Mine[edit]
The company owns 100% of the La Paz mine in Etzatlan, Jalisco, Mexico.[9] The first phase of drilling resulted in 1,088 meters being drilled. Phase II began in May, 2024.[10]
Picachos IV[edit]
An agreement was signed to purchase property in Hostotipaquillo, Jalisco, Mexico for $1,000,000. This property encompasses 4,081 hectares adjacent to GoGold Resources Los Ricos South property.[11]
NFT Ventures[edit]
GoldenBaboons.com[edit]
Bolden Baboons is an NFT collection backed by gold and available on the Ethereum blockchain. In addition, the project owns 'Tequila Falls', which is Metaverse land in a a collection owned by Yuga Labsthe called the Otherside. Every NFT will be unique as they are created by software which chooses hand drawn traits from 8 categories. There are millions of potential combinations of traits.[12] Discussions about the new NFT collection and story are being held on Discord and Twitter.[13]
- ↑ Asiabroadbandinc.com - About
- ↑ Asia Broadband Proprietary Cryptocurrency Exchange Development and AABB Wallet Update. Globe Newswire. July 15, 2021
- ↑ Asiabroadbandinc.com - Investor
- ↑ Asia Broadband Mining Properties and Facilities Update. Globe Newswire. July 21, 2021
- ↑ Asiabroadbandinc.com. Corporate Update. Feb. 02, 2022
- ↑ Acaponeta Bonanza
- ↑ Asiabroadbandinc.com - Tequila Project
- ↑ Asiabroadbandinc.com - Buen Pais Zodiac
- ↑ Asia Broadband Signs Definitive Acquisition Agreement for La Paz Gold Mine Project in Etzatlan Mexico. May 17, 2022
- ↑ Globe Newswire. Asia Broadband Begins Phase II Drilling Program at the La Paz Gold Mine Project, As Gold Production Increases. June 12, 2024.
- ↑ GlobeNewswire. Asia Broadband Signs Definitive Acquisition Agreement for High-Grade Gold Property in Jalisco Mexico. March 6, 2024.
- ↑ GoldenBaboons.com. About the Project. Retrieved on 12/20/2022.
- ↑ OTC Markets. Asia Broadband Launches GoldenBaboons.com Website In Preparation for the Gold-Backed NFT Baboons Collection Release in January. December 13, 2022.
