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CGFIA moving on news...GOLD
.0012
Gold Closes at Record $1,433.20 per Ounce on March 1, 2011; Colorado Goldfields Inc. Management Projects 1st Year Mill Revenue at $14.3 Million; Sets New Historic Resource Gold Valuation for Brooklyn Mine of $20.4 Million; Restates Gross Dollar Mill Capacity at $500 Million to $1 Billion
8:02a ET March 2, 2011 (Market Wire)
Colorado Goldfields Inc. (OTCQB: CGFIA) (CGFIA.PK) -- In response to the rapidly changing economics for gold pricing (New York spot gold closed at $1,433.20 bid on March 1, 2011, as reported by Kitco Metals Inc.), and associated costs of production, Company management has reforecast the first year gross revenue for the Pride of the West Mill. Management now projects $14.3 million during the first 12 months of operation, which is an increase of $6.1 million.
In addition, the Company is pleased to provide an update of the 2011 work plan for the Brooklyn Mine. Colorado Goldfields entered into a lease with an option to purchase the property in September 2009. At that time, the historic resource was valued at $13.8 million based on a gold price of $950 per ounce. With the increase in gold price, the current value of just the historic resource is estimated to be $20.4 million, an increase of $6.6 million.
Colorado Goldfields' personnel have completed an extensive review of all available information concerning the exploration, past production, and the existing historic resource estimate (14,535 oz. gold at $1,400/oz., $20.4 million) of the project area, and have developed a specific and dynamic strategy for exploration.
The existing historic resource estimate for the Brooklyn Vein offers Colorado Goldfields a prime opportunity to develop a near-term minable reserve through confirmation and step-out diamond drilling. The expected resource blocks are located below the Number 2 Level of the mine and occur as down-dip extensions of known ore shoots. Most importantly, these ore shoots are open at depth and the continuity of mineralization is indicated by historic ore grade (0.10 to 2.13 ounces per ton of gold) drill intercepts over composite 4 foot mine widths.
In total, the Brooklyn property consists of approximately 600 acres of patented and unpatented mining claims centered on the Brooklyn Shear Zone. Surface reconnaissance of known mineralized areas, a geochemical soil survey, and a geophysical magnetic surveying are planned for late 2011 in order to assess the scale of any unrecognized mineralization.
"Aside from the obvious increase in value of the existing historic resource, this property is particularly exciting because it has been the site of several 'specimen grade' gold discoveries," stated Stephen Guyer, CFO for Colorado Goldfields. "We are targeting grades of 0.30 to 0.90 ounces per ton of gold, however the Brooklyn Vein has produced ore with grades as high as 30.0 ounces of gold per ton," stated Jonathan Moore, Project Geologist. "The Brooklyn represents a property that is perfectly aligned with our Company's strategy of targeting past producing mining properties in historic districts for exploration and production," said Moore.
The Company also holds a lease on the King Solomon Mine, which is located on the southern flank of King Solomon Mountain, just a few hundred yards up the mountain from the first discovery of gold in the San Juan Mountains in Little Giant Basin. Opened in 1876, the mine was in production until 1883. Historic assay results showed gold content of 0.75 - 0.9 ounces per ton.
"The King Solomon Mine is of particular interest to Colorado Goldfields because of its strategic placement in Little Giant Basin. Although no activity has occurred on the property since 1883, nearby properties in Little Giant Basin have produced significant gold," stated John Ferguson, director of Operations.
Management also restates the gross dollar value of the gold produced from the Pride of the West Mill. At 0.35 ounces of gold per ton, and a price of $1,400 per troy ounce, that represents approximately $500 million in gross value, and at 0.8 ounces per ton, gross value of the gold would be in excess of $1 billion; not to mention the cost benefits of backfilling and potential reprocessing.
Gold stocks
About Colorado Goldfields Inc. Colorado Goldfields Inc. (OTCQB: CGFIA) (http://www.cologold.com) is a Denver-based junior exploration and mining company primarily exploring for gold and silver. Our seasoned management team targets historic gold camps with strong potential for multiple deposit discoveries. Currently, our business model in Colorado provides an outstanding combination of former producing properties with excellent exploration and production potential and a currently inactive, modern, up to 700 ton per day capacity mill facility to allow for an attractive short-term production time frame. We expect that this strategic plan will allow Colorado Goldfields to reach its goal of profitability, potentially within the next 18 months.
The Company has made available a current CGFIA Fact Sheet in PDF format at http://www.cologold.com/uploads/CGFIFactSheet.pdf.
Notice regarding forward-looking statements This news release may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements or information includes statements regarding the expectations and beliefs of management. Forward-looking statements or information include, but are not limited to, statements or information with respect to known or unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to obtaining financing to meet the Company's exploration program and operating costs during its exploratory stage, the interpretation of exploration results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters, or other unanticipated difficulties with or interruptions in production and operations, the potential for delays in exploration or development activities or the completion of feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, regulatory restrictions, including the inability to obtain mining permits and environmental regulatory restrictions and liability, the speculative nature of mineral exploration, dilution, competition, loss of key employees, and other risks and uncertainties, including those described under "Risk Factors" in the Company's Annual Report on Form 10-KSB filed on December 27, 2007, and as amended on March 3, 2008, which is on file with the Securities and Exchange Commission, as well as the Company's other SEC filings. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as is required under applicable securities laws.
Cautionary note to U.S. Investors -- The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this website (or press release), such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosures in our 10-KSB which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml. This press release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
Contact:
Investor Relations
Colorado Goldfields Inc.
866-579-9444 or 303-984-0524
http://www.cologold.com
CGFIA breakout... .0012
CGFIA moving on news...GOLD
.0012
Gold Closes at Record $1,433.20 per Ounce on March 1, 2011; Colorado Goldfields Inc. Management Projects 1st Year Mill Revenue at $14.3 Million; Sets New Historic Resource Gold Valuation for Brooklyn Mine of $20.4 Million; Restates Gross Dollar Mill Capacity at $500 Million to $1 Billion
8:02a ET March 2, 2011 (Market Wire)
Colorado Goldfields Inc. (OTCQB: CGFIA) (CGFIA.PK) -- In response to the rapidly changing economics for gold pricing (New York spot gold closed at $1,433.20 bid on March 1, 2011, as reported by Kitco Metals Inc.), and associated costs of production, Company management has reforecast the first year gross revenue for the Pride of the West Mill. Management now projects $14.3 million during the first 12 months of operation, which is an increase of $6.1 million.
In addition, the Company is pleased to provide an update of the 2011 work plan for the Brooklyn Mine. Colorado Goldfields entered into a lease with an option to purchase the property in September 2009. At that time, the historic resource was valued at $13.8 million based on a gold price of $950 per ounce. With the increase in gold price, the current value of just the historic resource is estimated to be $20.4 million, an increase of $6.6 million.
Colorado Goldfields' personnel have completed an extensive review of all available information concerning the exploration, past production, and the existing historic resource estimate (14,535 oz. gold at $1,400/oz., $20.4 million) of the project area, and have developed a specific and dynamic strategy for exploration.
The existing historic resource estimate for the Brooklyn Vein offers Colorado Goldfields a prime opportunity to develop a near-term minable reserve through confirmation and step-out diamond drilling. The expected resource blocks are located below the Number 2 Level of the mine and occur as down-dip extensions of known ore shoots. Most importantly, these ore shoots are open at depth and the continuity of mineralization is indicated by historic ore grade (0.10 to 2.13 ounces per ton of gold) drill intercepts over composite 4 foot mine widths.
In total, the Brooklyn property consists of approximately 600 acres of patented and unpatented mining claims centered on the Brooklyn Shear Zone. Surface reconnaissance of known mineralized areas, a geochemical soil survey, and a geophysical magnetic surveying are planned for late 2011 in order to assess the scale of any unrecognized mineralization.
"Aside from the obvious increase in value of the existing historic resource, this property is particularly exciting because it has been the site of several 'specimen grade' gold discoveries," stated Stephen Guyer, CFO for Colorado Goldfields. "We are targeting grades of 0.30 to 0.90 ounces per ton of gold, however the Brooklyn Vein has produced ore with grades as high as 30.0 ounces of gold per ton," stated Jonathan Moore, Project Geologist. "The Brooklyn represents a property that is perfectly aligned with our Company's strategy of targeting past producing mining properties in historic districts for exploration and production," said Moore.
The Company also holds a lease on the King Solomon Mine, which is located on the southern flank of King Solomon Mountain, just a few hundred yards up the mountain from the first discovery of gold in the San Juan Mountains in Little Giant Basin. Opened in 1876, the mine was in production until 1883. Historic assay results showed gold content of 0.75 - 0.9 ounces per ton.
"The King Solomon Mine is of particular interest to Colorado Goldfields because of its strategic placement in Little Giant Basin. Although no activity has occurred on the property since 1883, nearby properties in Little Giant Basin have produced significant gold," stated John Ferguson, director of Operations.
Management also restates the gross dollar value of the gold produced from the Pride of the West Mill. At 0.35 ounces of gold per ton, and a price of $1,400 per troy ounce, that represents approximately $500 million in gross value, and at 0.8 ounces per ton, gross value of the gold would be in excess of $1 billion; not to mention the cost benefits of backfilling and potential reprocessing.
Gold stocks
About Colorado Goldfields Inc. Colorado Goldfields Inc. (OTCQB: CGFIA) (http://www.cologold.com) is a Denver-based junior exploration and mining company primarily exploring for gold and silver. Our seasoned management team targets historic gold camps with strong potential for multiple deposit discoveries. Currently, our business model in Colorado provides an outstanding combination of former producing properties with excellent exploration and production potential and a currently inactive, modern, up to 700 ton per day capacity mill facility to allow for an attractive short-term production time frame. We expect that this strategic plan will allow Colorado Goldfields to reach its goal of profitability, potentially within the next 18 months.
The Company has made available a current CGFIA Fact Sheet in PDF format at http://www.cologold.com/uploads/CGFIFactSheet.pdf.
Notice regarding forward-looking statements This news release may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements or information includes statements regarding the expectations and beliefs of management. Forward-looking statements or information include, but are not limited to, statements or information with respect to known or unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to obtaining financing to meet the Company's exploration program and operating costs during its exploratory stage, the interpretation of exploration results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters, or other unanticipated difficulties with or interruptions in production and operations, the potential for delays in exploration or development activities or the completion of feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, regulatory restrictions, including the inability to obtain mining permits and environmental regulatory restrictions and liability, the speculative nature of mineral exploration, dilution, competition, loss of key employees, and other risks and uncertainties, including those described under "Risk Factors" in the Company's Annual Report on Form 10-KSB filed on December 27, 2007, and as amended on March 3, 2008, which is on file with the Securities and Exchange Commission, as well as the Company's other SEC filings. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as is required under applicable securities laws.
Cautionary note to U.S. Investors -- The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this website (or press release), such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosures in our 10-KSB which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml. This press release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
Contact:
Investor Relations
Colorado Goldfields Inc.
866-579-9444 or 303-984-0524
http://www.cologold.com
CGFIA moving on news...GOLD
.0012
Gold Closes at Record $1,433.20 per Ounce on March 1, 2011; Colorado Goldfields Inc. Management Projects 1st Year Mill Revenue at $14.3 Million; Sets New Historic Resource Gold Valuation for Brooklyn Mine of $20.4 Million; Restates Gross Dollar Mill Capacity at $500 Million to $1 Billion
8:02a ET March 2, 2011 (Market Wire)
Colorado Goldfields Inc. (OTCQB: CGFIA) (CGFIA.PK) -- In response to the rapidly changing economics for gold pricing (New York spot gold closed at $1,433.20 bid on March 1, 2011, as reported by Kitco Metals Inc.), and associated costs of production, Company management has reforecast the first year gross revenue for the Pride of the West Mill. Management now projects $14.3 million during the first 12 months of operation, which is an increase of $6.1 million.
In addition, the Company is pleased to provide an update of the 2011 work plan for the Brooklyn Mine. Colorado Goldfields entered into a lease with an option to purchase the property in September 2009. At that time, the historic resource was valued at $13.8 million based on a gold price of $950 per ounce. With the increase in gold price, the current value of just the historic resource is estimated to be $20.4 million, an increase of $6.6 million.
Colorado Goldfields' personnel have completed an extensive review of all available information concerning the exploration, past production, and the existing historic resource estimate (14,535 oz. gold at $1,400/oz., $20.4 million) of the project area, and have developed a specific and dynamic strategy for exploration.
The existing historic resource estimate for the Brooklyn Vein offers Colorado Goldfields a prime opportunity to develop a near-term minable reserve through confirmation and step-out diamond drilling. The expected resource blocks are located below the Number 2 Level of the mine and occur as down-dip extensions of known ore shoots. Most importantly, these ore shoots are open at depth and the continuity of mineralization is indicated by historic ore grade (0.10 to 2.13 ounces per ton of gold) drill intercepts over composite 4 foot mine widths.
In total, the Brooklyn property consists of approximately 600 acres of patented and unpatented mining claims centered on the Brooklyn Shear Zone. Surface reconnaissance of known mineralized areas, a geochemical soil survey, and a geophysical magnetic surveying are planned for late 2011 in order to assess the scale of any unrecognized mineralization.
"Aside from the obvious increase in value of the existing historic resource, this property is particularly exciting because it has been the site of several 'specimen grade' gold discoveries," stated Stephen Guyer, CFO for Colorado Goldfields. "We are targeting grades of 0.30 to 0.90 ounces per ton of gold, however the Brooklyn Vein has produced ore with grades as high as 30.0 ounces of gold per ton," stated Jonathan Moore, Project Geologist. "The Brooklyn represents a property that is perfectly aligned with our Company's strategy of targeting past producing mining properties in historic districts for exploration and production," said Moore.
The Company also holds a lease on the King Solomon Mine, which is located on the southern flank of King Solomon Mountain, just a few hundred yards up the mountain from the first discovery of gold in the San Juan Mountains in Little Giant Basin. Opened in 1876, the mine was in production until 1883. Historic assay results showed gold content of 0.75 - 0.9 ounces per ton.
"The King Solomon Mine is of particular interest to Colorado Goldfields because of its strategic placement in Little Giant Basin. Although no activity has occurred on the property since 1883, nearby properties in Little Giant Basin have produced significant gold," stated John Ferguson, director of Operations.
Management also restates the gross dollar value of the gold produced from the Pride of the West Mill. At 0.35 ounces of gold per ton, and a price of $1,400 per troy ounce, that represents approximately $500 million in gross value, and at 0.8 ounces per ton, gross value of the gold would be in excess of $1 billion; not to mention the cost benefits of backfilling and potential reprocessing.
Gold stocks
About Colorado Goldfields Inc. Colorado Goldfields Inc. (OTCQB: CGFIA) (http://www.cologold.com) is a Denver-based junior exploration and mining company primarily exploring for gold and silver. Our seasoned management team targets historic gold camps with strong potential for multiple deposit discoveries. Currently, our business model in Colorado provides an outstanding combination of former producing properties with excellent exploration and production potential and a currently inactive, modern, up to 700 ton per day capacity mill facility to allow for an attractive short-term production time frame. We expect that this strategic plan will allow Colorado Goldfields to reach its goal of profitability, potentially within the next 18 months.
The Company has made available a current CGFIA Fact Sheet in PDF format at http://www.cologold.com/uploads/CGFIFactSheet.pdf.
Notice regarding forward-looking statements This news release may contain forward-looking statements or information within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements or information includes statements regarding the expectations and beliefs of management. Forward-looking statements or information include, but are not limited to, statements or information with respect to known or unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Forward-looking statements or information are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, risks and uncertainties relating to obtaining financing to meet the Company's exploration program and operating costs during its exploratory stage, the interpretation of exploration results and the estimation of mineral resources and reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results will not be consistent with the Company's expectations, accidents, equipment breakdowns, title matters, or other unanticipated difficulties with or interruptions in production and operations, the potential for delays in exploration or development activities or the completion of feasibility studies, the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses, commodity price fluctuations, currency fluctuations, regulatory restrictions, including the inability to obtain mining permits and environmental regulatory restrictions and liability, the speculative nature of mineral exploration, dilution, competition, loss of key employees, and other risks and uncertainties, including those described under "Risk Factors" in the Company's Annual Report on Form 10-KSB filed on December 27, 2007, and as amended on March 3, 2008, which is on file with the Securities and Exchange Commission, as well as the Company's other SEC filings. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information. The Company does not undertake any obligation to release publicly revisions to any "forward-looking statement," to reflect events or circumstances after the date of this news release, or to reflect the occurrence of unanticipated events, except as is required under applicable securities laws.
Cautionary note to U.S. Investors -- The United States Securities and Exchange Commission permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that a company can economically and legally extract or produce. We use certain terms on this website (or press release), such as "measured," "indicated," and "inferred" "resources," which the SEC guidelines strictly prohibit U.S. registered companies from including in their filings with the SEC. U.S. Investors are urged to consider closely the disclosures in our 10-KSB which may be secured from us, or from the SEC's website at http://www.sec.gov/edgar.shtml. This press release may contain information about adjacent properties on which we have no right to explore or mine. We advise U.S. investors that the SEC's mining guidelines strictly prohibit information of this type in documents filed with the SEC. U.S. Investors are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on our properties.
Contact:
Investor Relations
Colorado Goldfields Inc.
866-579-9444 or 303-984-0524
http://www.cologold.com
CGFIA->-> gold Gold GOLD
bids stacking .0009
Going to a great week... I believe blaquecapital is going to e-mail an alert to their 40,000 followers tomorrow A.M.
Sleep well...I hope its CGFIA
....................................................................
EXPLOSIVE alert for release on Tuesday! Shares of this GOLD stock are bound to rise! Subscribe @ http://goo.gl/4t1lh to get the HOT pick!
IMO that was a 21 mil. buy
This stock should get very interesting tomorrow...picked some up today
BONZ .0099
BONZ bouncing off shake
.009
BONZ bouncing off shake
.0087
BONZ->-> pulling out GOLD
.011
Bonanza Goldfields Successfully Attains Equipment and Work Crews to Begin Gold Bulk Sampling Operations at Its Newly Acquired Hu
Date : 02/18/2011 @ 9:44AM
Source : PR Newswire
Stock : (BONZ)
Quote : 0.013 -0.0011 (-7.80%) @ 9:38AM
Bonanza Goldfields Successfully Attains Equipment and Work Crews to Begin Gold Bulk Sampling Operations at Its Newly Acquired Hu
Bonanza Goldfields (USOTC:BONZ)
Historical Stock Chart
1 Month : January 2011 to February 2011
Click Here for more Bonanza Goldfields Charts.
Bonanza Goldfields Corp. (Pink Sheets: BONZ) ("Bonanza" or the "Company"), a gold exploration and mining company headquartered in Phoenix, Arizona announces the securing and delivery of equipment to begin bulk sampling operations at the Hull Placer Load and Tarantula Claim, in Congress, Arizona, adjacent to the world famous historic Congress Mine, Congress, Arizona.
(Logo: http://photos.prnewswire.com/prnh/20101209/LA15018LOGO)
Bonanza has completed the preparation of a flood-free work stage platform area and has attained an advantageous lease arrangement and delivery of a front loader, excavator, bulldozer, grizzly, and pairs of sluices, generators and pumps. A water source is established as well. For security, the company has begun designing and contracting for fiber optic cable 24 hour surveillance system installation as well as acquiring Mobil facilities for location security and management staff.
Bonanza Goldfields CEO, David Janney stated: "We are making fast progress towards our goal of making initially modest gold deliveries to a local refiner, where the final processing of the gold findings from our operations will be expertly handled and tallied."
The company plans to enforce its option for the adjacent 6 claims, utilizing its proceeds from the Hull Placer Tarantula Placer Project operations in tandem with its developing investment resources. A Production based incentive pay structure will be negotiated this weekend with selected subcontracted work teams, scheduled to begin bulk sampling Monday of next week.
Bonanza is on track to be listed on the Dresden, Germany stock exchange and launch a German version of its website before the commencement of the second quarter of 2011.
About the Hull Placer load and Tarantula Placer Project: Tarantula Placer Project
Sign up for Direct News from the Company. Please view: http://www.bonanzagoldfields.com/email.html
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factor disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
www.bonanzagoldfields.com
SOURCE Bonanza Goldfields Corporation
BONZ->-> pulling out Gold
.011
Bonanza Goldfields Successfully Attains Equipment and Work Crews to Begin Gold Bulk Sampling Operations at Its Newly Acquired Hu
Date : 02/18/2011 @ 9:44AM
Source : PR Newswire
Stock : (BONZ)
Quote : 0.013 -0.0011 (-7.80%) @ 9:38AM
Bonanza Goldfields Successfully Attains Equipment and Work Crews to Begin Gold Bulk Sampling Operations at Its Newly Acquired Hu
Bonanza Goldfields (USOTC:BONZ)
Historical Stock Chart
1 Month : January 2011 to February 2011
Click Here for more Bonanza Goldfields Charts.
Bonanza Goldfields Corp. (Pink Sheets: BONZ) ("Bonanza" or the "Company"), a gold exploration and mining company headquartered in Phoenix, Arizona announces the securing and delivery of equipment to begin bulk sampling operations at the Hull Placer Load and Tarantula Claim, in Congress, Arizona, adjacent to the world famous historic Congress Mine, Congress, Arizona.
(Logo: http://photos.prnewswire.com/prnh/20101209/LA15018LOGO)
Bonanza has completed the preparation of a flood-free work stage platform area and has attained an advantageous lease arrangement and delivery of a front loader, excavator, bulldozer, grizzly, and pairs of sluices, generators and pumps. A water source is established as well. For security, the company has begun designing and contracting for fiber optic cable 24 hour surveillance system installation as well as acquiring Mobil facilities for location security and management staff.
Bonanza Goldfields CEO, David Janney stated: "We are making fast progress towards our goal of making initially modest gold deliveries to a local refiner, where the final processing of the gold findings from our operations will be expertly handled and tallied."
The company plans to enforce its option for the adjacent 6 claims, utilizing its proceeds from the Hull Placer Tarantula Placer Project operations in tandem with its developing investment resources. A Production based incentive pay structure will be negotiated this weekend with selected subcontracted work teams, scheduled to begin bulk sampling Monday of next week.
Bonanza is on track to be listed on the Dresden, Germany stock exchange and launch a German version of its website before the commencement of the second quarter of 2011.
About the Hull Placer load and Tarantula Placer Project: Tarantula Placer Project
Sign up for Direct News from the Company. Please view: http://www.bonanzagoldfields.com/email.html
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factor disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
www.bonanzagoldfields.com
SOURCE Bonanza Goldfields Corporation
LGBS->->Get in before DISNEY?
Worth 5 min. of DD.
Very low levels right now .0034
Been Accumulating
Big Things In the Near Future IMO
Bonanza Goldfields Successfully Attains Equipment and Work Crews to Begin Gold Bulk Sampling Operations at Its Newly Acquired Hull Placer Load & Tarantula Claim Projects.
9:44a ET February 18, 2011 (PR NewsWire)
Bonanza Goldfields Corp. (Pink Sheets: BONZ) ("Bonanza" or the "Company"), a gold exploration and mining company headquartered in Phoenix, Arizona announces the securing and delivery of equipment to begin bulk sampling operations at the Hull Placer Load and Tarantula Claim, in Congress, Arizona, adjacent to the world famous historic Congress Mine, Congress, Arizona.
Bonanza has completed the preparation of a flood-free work stage platform area and has attained an advantageous lease arrangement and delivery of a front loader, excavator, bulldozer, grizzly, and pairs of sluices, generators and pumps. A water source is established as well. For security, the company has begun designing and contracting for fiber optic cable 24 hour surveillance system installation as well as acquiring Mobil facilities for location security and management staff.
Bonanza Goldfields CEO, David Janney stated: "We are making fast progress towards our goal of making initially modest gold deliveries to a local refiner, where the final processing of the gold findings from our operations will be expertly handled and tallied."
The company plans to enforce its option for the adjacent 6 claims, utilizing its proceeds from the Hull Placer Tarantula Placer Project operations in tandem with its developing investment resources. A Production based incentive pay structure will be negotiated this weekend with selected subcontracted work teams, scheduled to begin bulk sampling Monday of next week.
Bonanza is on track to be listed on the Dresden, Germany stock exchange and launch a German version of its website before the commencement of the second quarter of 2011.
About the Hull Placer load and Tarantula Placer Project: Tarantula Placer Project
Sign up for Direct News from the Company. Please view: http://www.bonanzagoldfields.com/email.html
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factor disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
www.bonanzagoldfields.com
SOURCE Bonanza Goldfields Corporation
BONZ-> starts digging 4 GOLD News
Bonanza Goldfields Successfully Attains Equipment and Work Crews to Begin Gold Bulk Sampling Operations at Its Newly Acquired Hull Placer Load & Tarantula Claim Projects.
9:44a ET February 18, 2011 (PR NewsWire)
Bonanza Goldfields Corp. (Pink Sheets: BONZ) ("Bonanza" or the "Company"), a gold exploration and mining company headquartered in Phoenix, Arizona announces the securing and delivery of equipment to begin bulk sampling operations at the Hull Placer Load and Tarantula Claim, in Congress, Arizona, adjacent to the world famous historic Congress Mine, Congress, Arizona.
Bonanza has completed the preparation of a flood-free work stage platform area and has attained an advantageous lease arrangement and delivery of a front loader, excavator, bulldozer, grizzly, and pairs of sluices, generators and pumps. A water source is established as well. For security, the company has begun designing and contracting for fiber optic cable 24 hour surveillance system installation as well as acquiring Mobil facilities for location security and management staff.
Bonanza Goldfields CEO, David Janney stated: "We are making fast progress towards our goal of making initially modest gold deliveries to a local refiner, where the final processing of the gold findings from our operations will be expertly handled and tallied."
The company plans to enforce its option for the adjacent 6 claims, utilizing its proceeds from the Hull Placer Tarantula Placer Project operations in tandem with its developing investment resources. A Production based incentive pay structure will be negotiated this weekend with selected subcontracted work teams, scheduled to begin bulk sampling Monday of next week.
Bonanza is on track to be listed on the Dresden, Germany stock exchange and launch a German version of its website before the commencement of the second quarter of 2011.
About the Hull Placer load and Tarantula Placer Project: Tarantula Placer Project
Sign up for Direct News from the Company. Please view: http://www.bonanzagoldfields.com/email.html
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factor disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
www.bonanzagoldfields.com
SOURCE Bonanza Goldfields Corporation
BONZ->starts digging for gold news
Bonanza Goldfields Successfully Attains Equipment and Work Crews to Begin Gold Bulk Sampling Operations at Its Newly Acquired Hull Placer Load & Tarantula Claim Projects.
9:44a ET February 18, 2011 (PR NewsWire)
Bonanza Goldfields Corp. (Pink Sheets: BONZ) ("Bonanza" or the "Company"), a gold exploration and mining company headquartered in Phoenix, Arizona announces the securing and delivery of equipment to begin bulk sampling operations at the Hull Placer Load and Tarantula Claim, in Congress, Arizona, adjacent to the world famous historic Congress Mine, Congress, Arizona.
Bonanza has completed the preparation of a flood-free work stage platform area and has attained an advantageous lease arrangement and delivery of a front loader, excavator, bulldozer, grizzly, and pairs of sluices, generators and pumps. A water source is established as well. For security, the company has begun designing and contracting for fiber optic cable 24 hour surveillance system installation as well as acquiring Mobil facilities for location security and management staff.
Bonanza Goldfields CEO, David Janney stated: "We are making fast progress towards our goal of making initially modest gold deliveries to a local refiner, where the final processing of the gold findings from our operations will be expertly handled and tallied."
The company plans to enforce its option for the adjacent 6 claims, utilizing its proceeds from the Hull Placer Tarantula Placer Project operations in tandem with its developing investment resources. A Production based incentive pay structure will be negotiated this weekend with selected subcontracted work teams, scheduled to begin bulk sampling Monday of next week.
Bonanza is on track to be listed on the Dresden, Germany stock exchange and launch a German version of its website before the commencement of the second quarter of 2011.
About the Hull Placer load and Tarantula Placer Project: Tarantula Placer Project
Sign up for Direct News from the Company. Please view: http://www.bonanzagoldfields.com/email.html
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of our exploration program at our properties and any anticipated future production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factor disclosure outlined in our annual report on Form 10-KSB for the most recent fiscal year, our quarterly reports on Form 10-QSB and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
www.bonanzagoldfields.com
SOURCE Bonanza Goldfields Corporation
I believe Empire Pizza Is going to be the name....who doesn't like NY pizza......great name for a great marketing plan....should be very successful
Very nice to see it hold the 60% gains from earlier in the week
Looking Good .....all the big guys are out b/c of a bad taste in there mouth.....lots of room to run now IMO
There are a gazillion other plays out there where I feel a lot better in right now...at least for the next week or two
I would be pulling my hair out right now if this was my only play...I got in before the big run to .14 ...sold @ .10 from .056
There is only risk when you
BUY
not if you don't buy
I see we have some Big hitters coming on.....they keep hitting the bid keeping it down...
All the pieces are going to fall into place.....
it was actually 30000 shares.....was trying to fill 100000 but it never all got filled yesterday...
This is going back into the .05's IMO
I got in before the last run and exited @ 7 before that huge upsetting day where everyone was speachless...would love to give it another chance with all the $ pointing in the right direction
I see all the big guns have found an exit..they were holding for some time...I came back @ 4 ...lots of eyes on this one---holding at least till next week for some great news...hopefully
I got in quietly yesterday @.0575 and jumped out @ .065 after the news I will be back again
very happy I averaged down yesterday
I have not responded to the many judgements upon me in the past.
And will not in the future
Let me tell you all a little about myself
I am someone who is honest on these boards and that is something that is very rare.....I have seen where it has gotten me
If I post things that I have uncovered through my phone calls and many hours on the computer---- I get ridiculed...may it be good or bad
So why should I share info with people who are unappreciative here when it was I who put the work into
I have yet to see anyone else here even to prove or disprove the information I have brought to the board
I have come to the conclusion that most of the posters here are followers not leaders
I am a Leader not a follower
I own a successful Landscaping Company on L.I. in NY which employs 10 people
I can afford to take the whole winter (3 Months)off and hangout with you wonderful people here
I know what it takes to start a business and keep it going
I have spoken with many people concerning the character of Lenny and none have spoken ill of him...they actually praised him
I believe we have a great CEO here who answers the phone @ 7am...flys around the country making contacts and setting up meeting has 3 daughters.....one a graduate of law school...one a new mom ....and is not a quitter
For the new investors....daytraders....flippers
Over a three-year period, Lenny Greene the CEO of LKEN grew his prior company Comservco revenues from zero to over $15 Million dollars in residual annuity service contracts. Comservco Sales accounts grew to over 300 and included Bank Of New York, Citibank, ABM-AMRO, County of Nassau, EAB, Hofstra University and Accustaff, just to name a few. Lenny specialized in accounts that have multiple locations nationwide and worldwide with thousands of users.
He then sold the company
Lenny doesn't know how to fail....
We have a winner here
More news on the way........thats all folks
Don't worry I'm back but not going to post my DD
I sold B/c I felt i was being lied to about the commercials but I don't know what to think anymore after my follow-up call with Dave @ Stardust Broadcasting
I Was involved with a stock quite a few years ago QBID.....it was supposed to be a successful gay and Lesbian tv network ...after putting almost 75 grand into it over a 2 year time period ...we all found out the CEO was a crook and the whole thing was a scam
Many people lost everything...including myself
I promised myself if I ever got involved with a Pink Sheet Co. Again I would make sure it was for real
So forgive me if I have my doubts when I hear from LKEN broadcasting company that the infomercial is not running and I jump ship.
I will get to the bottom of this...I just don't sleep too well holding this stock too long...maybe I shouldn't hold millions of shares if I don't have the stomach for it....maybe I should just hold in the thousands for the long term
Am I the only one who is making calls to find out what is going on here?
Should we not know if we are putting our hard earned money into this?
I have been scammed in the past and I will do everything I can to stop it from happening again
They ran it in 4 test markets last year during the day but it hadn't gotten the results they had hoped for.One was Denver, Louisville, didn;t get the others
I just don't know what to believe now....he cut the conversation short and said he was on a conference call.
Am i getting myself in trouble now by posting this stuff.....what am I just supposed to believe what IR says?
He also told me that Lenny was a workaholic and a very nice guy
I just got off the phone with Dave again and he told me that the commercial he ran was from last year...not this year...He did tell me however that they may be running it with a sister company of Stardust Broadcasting...
SORRY the mis-understanding----guess i'm the fool