AABB stock is moving higher on December 4, 2019, after the company announced that assay results continue to confirm substantial gold mineralization.
On December 3, 2019, Asia Broadband Inc. (OTC: AABB), through its wholly owned subsidiary Asia Metals Inc., announced further results of the 2019 Phase II Drill Program being conducted in close proximity to the Company’s mine in Guerrero, Mexico. The second drilling stage of the Phase II Program was completed in November 2019 on the Company’s concessions in the La Coloradas area and consisted of 12 holes to an average depth of 446 meters (m) and 5,350 (m) in total were drilled. The focal point of the results were significant gold mineralization intersections in multiple drill holes. The most prominent gold value intersections were 4.9 meters (m) graded at 12.1 grams per ton (g/t), 5.2 meters (m) graded at 11.0 grams per ton (g/t) and 6.5 meters (m) graded at 10.6 grams per ton (g/t).