Buen Pais, Zodiac
Asia Broadband Inc. signed a definitive purchase agreement to acquire a 100% interest in the Zodiac Gold Mine Project in Buen Pais (“Good Country”), Mexico. The Company came to terms with Felipe Chávez Serrano and group for the 200 hectare concession, # 218704, Zodiaco I, located in the community of Buen Pais approximately 15 kms southeast from the municipality of Tonila and 30 kms from the city of Colima in Tuxpan, Jalisco, Mexico. The total purchase price of the property was $700,000 and the Company has the option to acquire two additional Zodiac concessions. Along with the property acquisition is a 150 ton per day (tpd) capacity processing plant available for lease and expansion.