Asia Broadband Inc. signed a Letter of Intent (LOI) to enter into a joint venture agreement to secure an 75% interest in the development and production of the Tequila Gold Mine Project concessions located approximately 70 kilometers north of Guadalajara near the town San Martin de las Canas in the municipality of Tequila, Jalisco, Mexico. Previous exploration and drilling on the Tequila property by a Canadian mining company revealed multiple gold and silver mineralization veins with high-grade potential. Even though this evaluative work on the property led to a significant possible resource estimate, the previous company was unable to come to terms with the property owner. The Tequila gold project is another prospective high-yield asset addition in the Company’s strategic expansion initiative to acquire gold production and increase the AABB’s physical gold holdings.
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