Asia Broadband Inc ( OTCMKTS: AABB ) assessed the Guerrero Gold Belt property and facilities in Q4 of 2020, which shaped the decision to sell the assets. Jan 14, 2021 8:00AM EST. $30 million handover of gold bullion, and; 28% equity interest back. The Guerrero Gold Belt project generated a gross profit of around $4.6 million in Q4 2020 before being sold for $82 million at the start of 2021. Overview The 80km-long Guerrero Gold Belt (GGB) lies within Guerrero, a southern state of Mexico. (The structural control is a key to creating and allowing for higher-grade mineralization.) The Emerging Guerrero Gold Belt of Mexico. It’s some 250 kilometres south-west of Mexico City, and the nearest major town of Chilpancingo is a two hours’ drive away. LAS VEGAS, Dec. 10, 2020 (GLOBE NEWSWIRE) -- Asia Broadband Inc. (OTC : AABB), through its wholly owned subsidiary Asia Metals Inc., announced today that the Company has received a purchase proposal for the mineral property and mining operations facilities in the Guerrero Gold Belt, Mexico, from Joint Venture Partner (JVP), Qiangda Investments & Economics Co. Ltd. (QIEC). Mineralization in the Guerrero Gold Belt (GGB) is characterized as a skarn porphyry mineralization related to an early Tertiary intrusive event. The company, through its wholly owned subsidiary About Asia Broadband Inc. ( OTCMKTS: AABB ), announced that it has completed the sale of its mineral property and mining operations facilities in the Guerrero Gold Belt, Mexico, to Joint Venture Partner, Qiangda Investments & Economics Co. Ltd. The Ana Paula gold project is located on the northwestern extension of the Guerrero gold belt in southern Mexico. Breakout Stocks – Corona Virus Stocks – Top Mining Stocks – Best Med Stocks. Guerrero Gold Belt. The Gold Report: Merrill, speaking as a geologist, what makes the Guerrero Gold Belt in Mexico so highly prospective for gold and silver mineralization?. AABB - Asia Metals Finalizes Negotiations With Joint Venture Partner For Purchase Of Guerrero Gold Belt Mine And Facilities In Mexico Published: Jan. 7, 2021 at 8:01 a.m. The Guerrero Gold Belt, a sexy, new, developing mining district in the state of Guerrero, Mexico, has attracted some exciting explorers that have unearthed key discoveries. AABB - Asia Metals Completes $82 Million Sale Of Guerrero Gold Belt Mine And Facilities In Mexico To Joint Venture Partner The conclusion of the assessment was the huge capital needed to build-out and develop the property and operations. ET Comments The Property is only a four hour drive from Mexico City on paved roads. While several companies have gone on land-grabbing sprees, there's still good news: the Guerrero is growing. Merrill McHenry: Two words: plate tectonics.Two tectonic events in that area of sufficient scale to create an entire region filled with gold mineralization. It is located along the northwesterly trend of the GGB, where it occupies a boundary between two older tectonic sub-terranes – a volcanic-volcaniclastic arc assemblage to the west and a thick carbonate platform sequence overlain to the east. AABB - Asia Metals Completes $82 Million Sale Of Guerrero Gold Belt Mine And Facilities In Mexico To Joint Venture Partner Provided by GlobeNewswire Jan 14, 2021 1:00 PM UTC Subsequent to the closing the 2020 year-end, AABB completed the sale of its mining operations in the Guerrero Gold Belt (GGB), Mexico, for $82 million, further validating the Company’s development achievements. The Guerrero Gold Belt, a sexy, new, developing mining district in the state of Guerrero, Mexico, has attracted some exciting explorers that have unearthed key discoveries. AABB - Asia Metals Evaluates Joint Venture Partner Purchase Proposal For Guerrero Gold Belt Mine And Facilities In Mexico. Add to My List Edit this Entry Rate it: (1.00 / 1 vote) Translation Find a translation for Guerrero Gold Belt in other languages: Select another language: - Select - 简体中文 (Chinese - Simplified) 繁體中文 (Chinese - Traditional) AABB - Asia Metals Completes $82 Million Sale Of Guerrero Gold Belt Mine And Facilities In Mexico To Joint Venture Partner Published. Millions of years ago, tectonic events created significant gold and silver mineralization in the Guerrero Gold Belt in Mexico. AABB - Asia Metals Completes $82 Million Sale Of Guerrero Gold Belt Mine And Facilities In Mexico To Joint Venture Partner PRESS RELEASE GlobeNewswire Jan. 14, 2021, 08:00 AM Mineralization in the Guerrero Gold Belt (GGB) is characterized as a skarn porphyry mineralization related to an early Tertiary intrusive event. Typically, economic mineralization is highest along these intrusion zones. The achievement of this milestone affirms the Company’s successful mining operations established in 2020. Miscellaneous » Unclassified. Email Print Friendly Share. Further to come this week, AABB will announce on Thursday, January 14 th, the final sale and agreement details regarding the mineral property and mining operations facilities in the Guerrero Gold Belt, Mexico, recently purchased by Joint Venture Partner, Qiangda Investments & Economics Co. Ltd. Asia Broadband Inc. (OTC : AABB), through its wholly owned subsidiary Asia Metals Inc., announced that the Company has completed the sale of its mineral property and mining operations facilities in the Guerrero Gold Belt, Mexico, to Joint Venture Partner, Qiangda Investments & Economics Co. Ltd. Guerrero Ventures Inc. (the "Company" or "Guerrero") (TSX VENTURE:GV) is pleased to provide results of the recently completed maiden diamond drill program at its Biricu Project in the Guerrero Gold Belt, Guerrero State, Mexico. In the Guerrero Gold Belt, the minerals were liquefied and brought up as structurally controlled magmatic events along various intrusive zones. The Violin Project is situated in Mexico’s Guerrero Gold Belt, which hosts an array of multi-million ounce gold mines and developing projects. The Guerrero Gold Belt, a sexy, new, developing mining district in the state of Guerrero, Mexico, has attracted some exciting explorers that have unearthed key discoveries. Credit: Alio Gold AABB - Asia Metals Finalizes Negotiations With Joint Venture Partner For Purchase Of Guerrero Gold Belt Mine And Facilities In Mexico While several companies have gone on land-grabbing sprees, there’s still good news: the Guerrero is growing. Today, two gold companies have reported 16 Moz of gold there, and other discoveries are sure to follow. The Morelos Gold Property, is an area of 29,000 hectares in the highly prospective Guerrero Gold Belt, located 180 kilometres southwest of Mexico City, in the state of Guerrero, Mexico. Gold was discovered in the… A Canadian-owned mine in the Guerrero Gold Belt is the biggest single investment ever seen in the state, said the governor this week at the official inauguration of the El Limón-Guajes mine. Mineralization in the area is related to gold bearing iron skarn porphyries and occur within faults and as replacement deposits formed in … In this exclusive Gold Report interview, Merrill McHenry, an independent analyst and geologist, explains the region's geology and its hot prospects. The project is located in the highly prospective Guerrero Gold Belt (GGB), which hosts a number of significant gold discoveries and operations. From the Asia Broadband Inc. ( OTCMKTS: AABB ) Video. 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