LAS VEGAS, July 24, 2018 /PRNewswire/ -- Asia Broadband Inc.
(OTC : 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. (OTC : 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.
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.
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SOURCE Asia Broadband Inc.