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http://www.marketwire.com/mw/release_html_b1?release_id=211404
American Bonanza Exploration Drilling Success at Copperstone
VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- February 05, 2007 -- American Bonanza Gold Corp. (TSX: BZA)(FWB: AB2) ("Bonanza") is pleased to announce the completion of the successful Phase I exploration drilling program at the 100% owned Copperstone property in Arizona. Nine (9) of 10 targets were drilled within 1,000 meters of the known high grade gold resources with the objective of discovering potential to significantly increase Copperstone's resources. Six (6) targets successfully returned results that warrant follow up drilling during Phase II.
Phase I drilling began during August and drilling was recently completed with 27 reverse circulation drill holes totaling 7,695 meters (25,247 feet). Assays have been received for 22 holes defining 6 zones of gold mineralization that will require follow-up drilling in a Phase II drilling program. Assays are pending for the final 5 drill holes of Phase I and will be communicated when received.
Continuing assessment of geophysical data with the new Phase I drill hole information will contribute to planning Phase II drilling. Additionally, areas where new geophysical surveys will be conducted are being studied. Phase II drilling is expected to commence during spring 2007. A map of the current drilling is available on Bonanza's website at http://bza.pubco.net/i/maps/CopperstoneNR13007Model.jpg.
The current Phase I drill results are highlighted by drill hole 06CS-22 located 914 meters (3,000 feet) west of the open pit that intercepted several zones of gold mineralization including 1.5 meters grading 25.82 grams per tonne gold (5 feet grading 0.752 ounces per ton) within 13.72 meters grading 3.91 grams per tonne gold (45 feet grading 0.114 ounces per ton). Drill hole 06CS-22 also encountered a separate zone of 3 meters grading 3.57 grams per tonne gold (10 feet grading 0.104 ounces per ton).
Drill holes 06CS-15, 17, and 18 intercepted a gold bearing, steeply dipping fault zone that is a suspected feeder to the main Copperstone mineralized zone. Drill hole 06CS-17 encountered a 1.5 meter zone grading 11.66 grams per tonne gold (5 feet grading 0.34 ounces per ton), and 06CS-18 encountered a 1.5 meter zone grading 5.86 grams per tonne gold (5 feet grading 0.171 ounces per ton). This fault may connect to the strong mineralization reported in drill hole 06CS-12 (please see Bonanza news release dated November 23, 2006) which contains a 3.05 meter intercept grading 6.7 grams per tonne gold (10 feet grading 0.194 ounces per ton). Two nearby recent holes have intersected strong quartz-amethyst veining in a structure similar to the steep feeder zone. Assays are pending for these two drill holes.
Copperstone Drill Hole Highlights
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Hole ID From (m) To (m) Length (m) Gold (g/t) Gold (oz/t)
-------------------------------------------------------------------------
06CS-15 13.7 19.8 6.1 1.47 0.043
-------------------------------------------------------------------------
including 13.7 15.2 1.5 3.74 0.109
-------------------------------------------------------------------------
109.8 115.9 6.1 0.62 0.018
-------------------------------------------------------------------------
06CS-17 100.6 108.2 7.6 3.74 0.109
-------------------------------------------------------------------------
including 100.6 102.1 1.5 11.66 0.34
-------------------------------------------------------------------------
06CS-18 39.6 45.7 6.1 2.26 0.066
-------------------------------------------------------------------------
including 39.6 41.2 1.5 5.86 0.171
-------------------------------------------------------------------------
56.4 61.0 4.6 1.17 0.034
-------------------------------------------------------------------------
06CS-22 147.9 152.4 4.6 0.89 0.026
-------------------------------------------------------------------------
207.3 213.4 6.1 1.71 0.05
-------------------------------------------------------------------------
including 208.8 210.4 1.5 4.39 0.128
-------------------------------------------------------------------------
231.7 234.8 3.0 3.57 0.104
-------------------------------------------------------------------------
277.4 280.5 3.0 2.57 0.075
-------------------------------------------------------------------------
298.8 312.5 13.7 3.91 0.114
-------------------------------------------------------------------------
including 303.4 304.9 1.5 25.82 0.753
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Phase I holes 06CS-13, 14, 16, 19, 20, and 21 are not mineralized. Assays are pending on holes 06CS-23 thru 27. Phase I drilling is vertical in orientation and intercepts shown here do not reflect the true width of the occurrence. Reverse circulation samples may be diluted or upgraded and will require follow-up core drilling. Phase II drilling, designed to offset important gold intercepts, will be core.
About Copperstone
The Copperstone Property is located in western Arizona within the regional Walker Lane mineral belt where it intersects gold provinces in Southern California and Western Arizona. These provinces host a total known gold endowment of over 40 million ounces of gold.
Bonanza controls over 3,600 contiguous hectares of prospective ground at the Copperstone Property. Mine development advantages for Copperstone are significant and should dramatically compress the permitting schedule and positively impact the capital outlay requirements for a new mine. These include a pre-disturbed site developed in a modern permitting regime and a clean, non-sulfide bearing mineral resource and overburden. Existing infrastructure remaining from the previous operation consists of a dedicated 69 kV power line and substation, three operating water wells with a 200 hp pumping capacity (both electrical power and water supply exceed the needs of a new underground gold mine at Copperstone), an office, maintenance shops and a laboratory building.
Between 2002 and 2005 Bonanza completed over 46,400 meters of primarily core drilling, including over 7,000 meters drilled from underground. Underground drilling was accessed from a 600 meter decline that was designed to intercept high grade gold north of the pit in the D zone. Underground channel sampling in the D-zone, as previously reported, confirmed the multi-ounce high grade nature of the mineralization, including 1.37 meters grading 311.96 grams per tonne gold (4.5 feet grading 9.1 ounces per ton), 1.95 meters grading 140.56 grams per tonne gold (6.4 feet grading 4.1 ounces per ton), 2.90 meters grading 140.56 grams per tonne gold (9.5 feet grading 4.1 ounces per ton) and 1.55 meters grading 99.42 grams per tonne gold (5.1 feet grading 2.9 ounces per ton).
On a parallel path with the drilling program, Bonanza has collected environmental, geotechnical, hydrological and metallurgical baseline data to support mine permitting and project design. Bonanza has retained certain specialized firms with recognized qualifications to support these efforts, including The Mines Group, Golder Associates, Water Management Consultants, and McClelland Laboratories.
In 2005 Bonanza commissioned AMEC E & C Services Inc., a respected international engineering firm, to complete a NI 43-101 compliant resource estimate. As previously announced the AMEC estimated mineral resource, effective January, 2006, and based on a cutoff grade of 5.1 g/t gold and capped at 137 g/t gold was reported as:
Copperstone Mineral Resource
------------------------------------------------------------------------
------------------------------------------------------------------------
Average Grade Contained
(grams/tonne Ounces
Zones Classification Tonnes Gold) of Gold
------------------------------------------------------------------------
A, B, C and D Measured 10,400 20.93 7,005
------------------------------------------------------------------------
A, B, C and D Indicated 960,000 10.62 327,924
------------------------------------------------------------------------
A, B, C and D Measured + Indicated 970,400 10.73 334,929
A, B, C and D Additional Inferred 189,600 10.87 66,266
------------------------------------------------------------------------
------------------------------------------------------------------------
Bonanza has made the decision, as previously announced, to expand the mineral resource before making a production decision, partially based on the potential confirmed in the AMEC study. Current drilling in 2006 and 2007 at Copperstone will be directed at targets generated by Bonanza's new exploration model. If successful, the drilling will be followed by further engineering studies to support a positive production decision.
About Bonanza
Bonanza is a gold company engaged in the acquisition, exploration and development of high-grade gold properties located in the United States and Canada. Bonanza is well financed with no long-term debt.
AMERICAN BONANZA GOLD CORP.
Brian Kirwin, President & Chief Executive Officer
The qualified person who is responsible for the preparation of the technical information in this press release is Robert Hawkins, Bonzanza's Vice President, Exploration. Mr. Hawkins is a qualified person as defined by National Instrument 43-101 guidelines.
CAUTIONARY NOTE TO U.S. INVESTORS CONCERNING ESTIMATES OF MEASURED, INDICATED AND INFERRED RESOURCES
This news release uses the terms. "Measured and Indicated Resources". Bonanza advises US investors that while those terms are recognized and required by Canadian regulators, the U.S. Securities and Exchange Commission does not recognize them.U.S. investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into reserves.
This news release also uses the term "Inferred Resources". Bonanza advises US investors that while this term is recognized and required by Canadian regulators, the U.S. Securities and Exchange Commission does not recognize it. "Inferred Resources" have a great deal of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category. Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. U.S. investors are cautioned not to assume that part or all of an Inferred Resource exists, or is economically or legally minable.
This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filing on Form 20F with the United States Securities Commission and its home jurisdiction filings that are available at www.sedar.com
--------------------------------------------------------------------------------
Contacts:
Longview Strategies Incorporated
Michael Rodger
(604) 681-5755
American Bonanza Gold Corp.
Susan L. Wilson
Corporate Communications
(604) 688-7508
Email: info@americanbonanza.com
Website: www.americanbonanza.com
SOURCE: American Bonanza Gold Corp.
--------------------------------------------------------------------------------
No Bid, No ask at 0.0001, only 3 ask at 0.0002
Symbol: GWGO
L2 Summary
Bid Level #MM's Size Ask Level #MM's Size
0.0000 0 0 0.0002 3 60000
0.0000 0 0 0.0003 1 5000
0.0000 0 0 0.0004 1 5000
0.0000 0 0 0.0000 0 0
L2 Quote:
MM on Bid : 0
MM on Ask : 5
MM ID Bid Size Time
MM ID Ask Size Time
SSGI 0.0002 5000 11:51:57
HILL 0.0002 50000 11:51:57
NITE 0.0002 5000 11:51:57
UBSS 0.0003 5000 11:57:21
BEST 0.0004 5000 11:51:56
cybu, is PDSC the only stock you bought? I guess chnw is better if not like PDSC. I hold both right now, there is still a bid for pdsc.pk, so, we could sell if need.
Could you explain what the following mean? GWGO funding a lot on Copper Mountain Mining Limited.
Promissory Notes :-
Investment Group (Funding of acquisition of Treasure Kingdom Gold Mining Limited) - US$1,000,000
Investment Group (Funding of acquisition of Monstro Verde Gold Mining Limited) - US$1,000,000
Investment Group (Funding of acquisition of Copper Mountain Mining Limited) - US$30,000,000
These Notes carry an interest rate of 8% per annum and are redeemable on March 31, 2007. These Promissory Notes has been guaranteed by St James Capital Holdings, Inc.; and in the event of Great West Gold, Inc. defaulting on this Promissory Note, St James Capital Holdings, Inc. will be liable to the vendors in the capital amounts as aforesaid plus interest and would be forced to issue that amount so owed, in its shares of Common Stock in St James Capital Holdings, Inc.; to aforesaid Investment Groups.
Thanks! Now, everyone can buy at 0.0001 I guess.
If the CEO takes the com as private, what shrae price he will pay for shareholders?
Less than 2.5 billion shares available from MMs at 0.0001/2. So, the company needs rush to buy from them. I hold mine.
Symbol: AGHC
L2 Summary
Bid Level #MM's Size Ask Level #MM's Size
0.0000 0 0 0.0001 5 2265000
0.0000 0 0 0.0002 3 15000
0.0000 0 0 0.0100 1 5000
0.0000 0 0 0.0000 0 0
L2 Quote:
MM on Bid : 0
MM on Ask : 9
MM ID Bid Size Time
MM ID Ask Size Time
JEFF 0.0001 5000 09:09:50
SSGI 0.0001 1250000 09:09:51
VERT 0.0001 1000000 09:09:51
NITE 0.0001 5000 09:09:51
VFIN 0.0001 5000 09:09:52
FRAN 0.0002 5000 09:09:49
HDSN 0.0002 5000 09:09:50
HILL 0.0002 5000 09:09:50
ETRD 0.0100 5000 09:09:49
The company has no shares to dump. They need buy back shares.
We need the detail PR from GWGO. Where GWGO de-merger to for the mining assets? Expecting the amswer from the new CEO. Any guss is welcome.
Then will be 0.0027.
The company value the GWGO price as 0.0025 (assume GOLD price as $600/oz). If the Gold price goes up to $800/oz, then GWGO price will be as 0.0033.
----------------------------------------------------------
Company Reports On Valuation of Its Mining Assets
NEW YORK, Nov. 3, 2006 (PRIMEZONE) -- Great West Gold, Inc. (Pink Sheets:GWGO) has been inundated with stockholder requests regarding the value of the Company and its Mining Assets.
The Company is still awaiting detailed reports and valuations on its various properties and is reluctant at this time to place a definite valuation on its Mining Assets. Stockholders are assured that the value of the Gold Mining Exploration assets being merged in the "Treasure King Gold Group" and the "Sentinel Gold Group" as well as the Copper Mining Exploration assets being merged into the "Copper Mountain Mining Group" will not be less than a total market value of US$800 million after the planned de-merger of the these Mining Exploration assets into three OTC Quoted Companies through "Reverse Mergers". Whilst many stockholders are of the opinion that the value of these Mining Exploration assets in considerably higher than we are stating, the Company will continue to take this very conservative valuation approach in the absence of completed Competent Person's Reports and updated valuations. The Company acknowledges that the strong commodity prices at present will have a positive effect upon the final valuations.
This equates to a value of US$0.0025 per share of Great West Gold, Inc. Common Stock against a current market value of US$0.0001 per Common Stock.
About Great West Gold, Inc.
Great West Gold, Inc., www.greatwestgold.com, is a
Let us just do not post anything and come back after three months. Otherwise just wast time to write and read.
PCLO will up!
Symbol: PCLO
L2 Summary
Bid Level #MM's Size Ask Level #MM's Size
0.0001 6 5300 0.0002 6 300
0.0000 0 0 0.0003 2 100
0.0000 0 0 0.0004 1 50
0.0000 0 0 0.0030 1 50
L2 Quote:
MM on Bid : 6
MM on Ask : 10
MM ID Bid Size Time
SBSH 0.0001 50 07:34:47
NITE 0.0001 50 07:34:47
UBSS 0.0001 50 07:34:47
VERT 0.0001 50 07:34:47
HILL 0.0001 100 07:34:47
SSGI 0.0001 5000 10:02:54
MM ID Ask Size Time
SBSH 0.0002 50 07:34:47
NITE 0.0002 50 07:34:47
UBSS 0.0002 50 07:34:47
VERT 0.0002 50 07:34:47
ETRD 0.0002 50 07:34:47
DOMS 0.0002 50 08:52:46
HILL 0.0003 50 07:34:47
VFIN 0.0003 50 07:34:47
JEFF 0.0004 50 07:34:47
ABLE 0.0030 50 07:34:47
But I think one can still buy at 0.0001 after the split, why so hurry to buy at 0.0002 this time. Any one can guess what will be the target price of GWGO?
We might see 0.0002 soon.
Symbol: LBTN
L2 Summary
Bid Level #MM's Size Ask Level #MM's Size
0.0000 0 0 0.0002 1 5000
0.0000 0 0 0.0006 1 5000
0.0000 0 0 0.0000 0 0
0.0000 0 0 0.0000 0 0
L2 Quote:
MM on Bid : 0
MM on Ask : 2
MM ID Bid Size Time
MM ID Ask Size Time
DOMS 0.0002 5000 08:39:28
SSGI 0.0006 5000 08:06:32
Can you buy at 0.0001?
Symbol: GWGO
L2 Summary
Bid Level #MM's Size Ask Level #MM's Size
0.0001 2 15000 0.0002 5 520000
0.0000 0 0 0.0004 1 5000
0.0000 0 0 0.0000 0 0
0.0000 0 0 0.0000 0 0
L2 Quote:
MM on Bid : 2
MM on Ask : 6
MM ID Bid Size Time
UBSS 0.0001 5000 07:59:46
VNDM 0.0001 10000 08:33:19
MM ID Ask Size Time
UBSS 0.0002 5000 07:59:46
SSGI 0.0002 5000 07:59:46
HILL 0.0002 5000 07:59:46
NITE 0.0002 5000 08:06:08
VNDM 0.0002 500000 08:33:19
BEST 0.0004 5000 07:59:46
I guess a lot of buyers today at 0.0002/3
Why? You may get at 0.0001 on Monday.
If float as ~2 billions and OS as ~5 billion. The "other" should be 40% not 7%.
1 bid at 0.0001 4 ask at 0.0002
Symbol: PDSC
L2 Summary
Bid Level #MM's Size Ask Level #MM's Size
0.0001 1 5000 0.0002 4 20000
0.0000 0 0 0.0000 0 0
0.0000 0 0 0.0000 0 0
0.0000 0 0 0.0000 0 0
L2 Quote:
MM on Bid : 1
MM on Ask : 4
MM ID Bid Size Time
SBSH 0.0001 5000 13:13:57
MM ID Ask Size Time
JEFF 0.0002 5000 13:13:56
SBSH 0.0002 5000 13:13:57
SSGI 0.0002 5000 13:13:57
NITE 0.0002 5000 13:13:57
I agree with you partially. Good thing is that it goes back at 0.0002. More people will pick up at 0.0001/2 next week.
PDSC PRODUCE SAFETY NEW
* Refresh
Last [Tick] 0.0002[+] Change up0.0001
Volume 350,941,583 % Change up100.00
Day High 0.0002 Open 0.0001
Day Low 0.0001 Bid [Tick] 0.00
Prev Close
(02/02/2007) 0.0001 Ask 0.00
20 to 40 will be happy for me. Have you look AGHC/LBTN/GWGO? Please give me some advise on them?
I have called the CEO two weeks ago, he said the goal of the stock will be penny.
I just called PDSC IR at 214-461-3500. The person told me that there is no RS for sure. Back to the float, he only guess at 2 billion level, OS about 5 billion. Again, no RS for sure! Please call the number again.
It always change day by day, it was hot on FSMH, now it is hot on GWGO, next time might be WNCP. AGHC and LBTN might also be ready to go up.
The ask is at 0.0002, why sit at 0.0001
Any good news for JMCP? why there is only one ask at 0.0002 with size of 5000?
Symbol: JMCP
L2 Summary
Bid Level #MM's Size Ask Level #MM's Size
0.0000 0 0 0.0002 1 5000
0.0000 0 0 0.0200 1 5000
0.0000 0 0 0.0000 0 0
0.0000 0 0 0.0000 0 0
L2 Quote:
MM on Bid : 0
MM on Ask : 2
MM ID Bid Size Time
MM ID Ask Size Time
HILL 0.0002 5000 08:01:03
VERT 0.0200 5000 08:06:17
Buy some if could. Only one ask left at 0.0001. I guess short may need cover today, Monday will start a new system.
Symbol: LBTN
L2 Summary
Bid Level #MM's Size Ask Level #MM's Size
0.0000 0 0 0.0001 1 10000
0.0000 0 0 0.0002 1 5000
0.0000 0 0 0.0006 1 5000
0.0000 0 0 0.0000 0 0
L2 Quote:
MM on Bid : 0
MM on Ask : 3
MM ID Bid Size Time
MM ID Ask Size Time
VERT 0.0001 10000 10:31:34
DOMS 0.0002 5000 08:32:42
SSGI 0.0006 5000 08:28:27
Twice buy at 0.0001 than ask at 0.0002 now!
Symbol: GWGO
L2 Summary
Bid Level #MM's Size Ask Level #MM's Size
0.0001 6 1070000 0.0002 6 525000
0.0000 0 0 0.0003 1 5000
0.0000 0 0 0.0004 2 10000
0.0000 0 0 0.0000 0 0
L2 Quote:
MM on Bid : 6
MM on Ask : 9
MM ID Bid Size Time
UBSS 0.0001 5000 07:56:49
NITE 0.0001 5000 08:07:12
HILL 0.0001 50000 09:08:29
HDSN 0.0001 5000 10:20:19
SALI 0.0001 5000 10:23:36
VNDM 0.0001 1000000 10:27:32
MM ID Ask Size Time
UBSS 0.0002 5000 07:56:49
NITE 0.0002 5000 08:07:12
SSGI 0.0002 5000 08:28:27
AUTO 0.0002 5000 10:18:11
SALI 0.0002 5000 10:23:36
VNDM 0.0002 500000 10:27:32
HILL 0.0003 5000 09:08:29
BEST 0.0004 5000 07:56:48
FANC 0.0004 5000 10:18:16
Please contact with kccullen@yahoo.com if could.
I got the following email on Dec 18 2006.
==============================================================
Date: Mon, 18 Dec 2006 10:42:57 -0800 (PST)
From: "kathleen cullen" <kccullen@yahoo.com> Add to Address Book Add Mobile Alert
Yahoo! DomainKeys has confirmed that this message was sent by yahoo.com. Learn more
Subject: PDSC stock
To: xyz
Thank you for your interest in our Company.
We are having an independent audit conducted right not and anticipate that when we release the results our stock should move up.
Also, we are proceeding with the Dallas Distribution Center and we have contracts in place for customers who are waiting for us to open...we are planning late January, early February.
kccullen@yahoo.com
Hid 0.0002 today
PDSC PRODUCE SAFETY NEW
* Refresh
Last [Tick] 0.0001[-] Change 0.0000
Volume 78,180,200 % Change 0.00
Day High 0.0002 Open 0.0001
Day Low 0.0001 Bid [Tick] 0.00
Prev Close
(02/02/2007) 0.0001 Ask 0.00
Thanks! What you plan to do, I might follow you.
krmeek, Thanks! Then believe him once. But we still need ask Tom about the float number.
Dis any one of us ask Tom about RS?
Thanks! I know that without MM we have no bit/ask.
GWGO sit at 0.0002 with bid of 0.0001
http://www.pinksheets.com/quote/quote.jsp?symbol=gwgo
GWGO -- Great West Gold, Inc.
Com ($0.0001)
Primary Venue: Pink Sheets
Best Bid: 0.0001 (5000 shares)
Best Ask: 0.0002 (25000 shares) *
Date/Time of Last Inside Change: 16:20 * Quoted on the Pink Sheets
May be the MMs job has done here, not interested in pdsc any more since it will goes up soon. Now it is shareholders turn to pick up cheap shares. Let see waht happen tomorrow.
rbl100, I believe him. It is better go down to 0.0001 for PDSC than at 0.00 like some times for GWGO/FSMH/AGHC. We just wait.
I have a very sily question, does MMs also have a bad day? like other stocks (GWGO for example) need to cover the short, and sell PDSC here as temporary since the CEO said it will stay at current price (which is 0.0001) for several days. They can buy PDSC later.
The buyers must buy GWGO three days before record date of 02/09/2007 to qualify 2-1 forward stock split, is that right?
GWGO: Sets 2-1 Forward Stk Split; Eff Feb 15
WEDNESDAY, JANUARY 31, 2007 02:40 PM
According to the NASDAQ Dividend List, Great West Gold, Inc. (OTC: GWGO) has declared a 2-1 forward stock split. This forward stock split will ONLY be available to shareholders of record as of February 09, 2007.
DECL-DATE X-DATE REC-DATE PAY-DATE
----------- ----------- ----------- -----------
01/31/2007 02/15/2007 02/09/2007 02/14/2007