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Asia Broadband expands gold mining operations

Published by
Global Mining Review,

Asia Broadband Inc., through its wholly owned subsidiary Asia Metals Inc., recently confirmed the results of the 2018 Phase I Drill Program conducted in close proximity to the company's Guerrero Gold Belt (GGB) mine in Mexico.

The drill programme was completed during 4Q18 and consisted of 12 holes to an average depth of 468 m (m) and 5612 m in total. The highlights of the drill results revealed high grade gold mineralisation that attested the mine's historical production to date. The most significant gold value intersections were 3.1 m graded at 10.9 grams per ton (g/t), 4.8 m graded at 8.7 g/t and 14.2 m graded at 5.7 g/t. In January, Goldman Sachs announced a 10% increase to its 2019 gold forecast.

The company's management and its technical team are ecstatic with the drill results from Phase I Program. Consequently, daily meetings are currently underway to finalise the size, scope, and budget details of an accelerated Phase II Drill Program that will be initiated as soon as possible.

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Asian mining news Gold mining news