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Asia Metals Inc. To Receive Drilling Equipment From China

LAS VEGAS, July 24, 2018 /PRNewswire/ -- Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., has confirmed the shipment of two fully equipped track carrier mounted drill rigs from China that will be utilized for the targeted drill program in close proximity to the Company's mine in Guerrero, Mexico.  The drilling units and accessories are expected to be received by the Company FOB destination at the Port of Acapulco on July 30, 2018.

The lack of availability of drill rig equipment within a reasonable timeframe led the Company to source alternative suppliers.  Through management's extensive network of contacts in Asia, surplus drill equipment was located in China and secured on a lease and purchase option basis.  Additionally, the terms of the lease are expected to reduce drilling costs and allow for additional meters to be drilled within the Company's $745,000 budget.  Prior to preparations for shipment, the drilling machinery and equipment was evaluated and tested by an experienced mining engineer and drill operator.

In an effort to further delineate the existing historical gold vein structure, the groundwork on the targeted property area is on-going and the rollout of the program protocol is being directed by the previous geophysics data captured from the property region in 2017.

Asia Broadband Inc. (AABB), through its wholly owned subsidiary Asia Metals Inc., is a resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets. The Company utilizes its specific geographic expertise, experience and extensive industry contacts to facilitate its innovative distribution process from the production and supply of precious and base metals in Guerrero, Mexico, to our client sales networks in Asia. This vertical integration approach to sales transactions is the unique strength of Asia Broadband and differentiates the Company to its shareholders.

Contact the Company at:


Email:

ir@asiabroadbandinc.com

Website:

www.asiametalsinc.com

Phone:

702-866-9054

Rebecca Whitmore

Investor Relations

Forward-Looking Statements are contained in this press release within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the Asia Broadband Inc.'s (the "Company") expected current beliefs about the Company's business, which are subject to uncertainty and change. The operations and results of the Company could materially differ from what is expressed or implied by the statements made above when industry, regulatory, market and competitive circumstances change. Further information about these risks can be found in the annual and quarterly disclosures the Company has published on the OTC Markets website. The Company is under no obligation to update or alter its forward-looking statements as future circumstances, events and information may change.

 

Cision

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