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Re: MoneyForNuthin post# 4703

Tuesday, 09/10/2019 8:30:22 AM

Tuesday, September 10, 2019 8:30:22 AM

Post# of 107190
$AABB Within the next 3 weeks, the initial report on the results of the Phase II drill program:

Sep 05, 2019: AABB - Asia Metals Increases Gross Profit Target 20% To $6M As Gold Mine Operations Continue To Expand
https://www.prnewswire.com/news-releases/aabb---asia-metals-increases-gross-profit-target-20-to-6m-as-gold-mine-operations-continue-to-expand-300912552.html

  • $2.75 Million In Gross Profit Reported In First Six Months Of 2019
  • 20% Increase to $6M Announced Today For 2019 Year End Gross Profit
  • Drill Operations Expansion On Existing Shallow Gold Mine
  • 2 New Gold Mines Expected To Be Acquired By Year End 2019
...The Company is expecting the initial drill results of the Phase II Program to be available and announced in September. Look for news from the company on the drill results later this month.

History of Existing Shallow Gold Mine

In January of this year, the Company’s management and technical team were exhilarated with the successful drill results from the Phase I Program. The highlights of the drill results revealed high grade gold mineralization that attested the mine’s historical production to date. The most significant gold value intersections were 3.1 meters (m) graded at 10.9 grams per ton (g/t), 4.8 meters (m) graded at 8.7 grams per ton (g/t) and 14.2 meters (m) graded at 5.7 grams per ton (g/t).


Jul 23, 2019: AABB - Asia Metals Inc. Completes First Hole of $4M Drill Program as Gold Price Remains Near 6 Year High
https://www.prnewswire.com/news-releases/aabb---asia-metals-inc-completes-first-hole-of-4m-drill-program-as-gold-price-remains-near-6-year-high-300889519.html

...has completed its first drill hole of its Phase II Exploration and Development Program that will continue to target areas in extended proximity to the Company's mine in Guerrero, Mexico, to further delineate the known historical and new gold vein structures. The Company recently concluded over 600 meters (m) of drilling inclusive of equipment testing and the completion of the first drill hole to depth.

The $4M Phase II Program estimates that more than 40 drill holes and over 20,000 (m) of drilling will be completed. All drill targets defined in the Program protocol were selected using data obtained from the Company's Phase I Drill Program completed in the fourth quarter of 2018 and new geophysics data captured from the property region in the first quarter of this year.