BONZ Anyone playin it. Looking good here .56 x .564 +28% IMO it wants to test its previous highs of .79.
Todays news:
Bonanza Goldfields Corp (BONZ:OTCBB) announced today that it has successfully filed its Notice of Intent (NOI) with the U.S. Bureau of Land Management (BLM) and posted the necessary reclamation bonding with the State of Arizona per the BLM. Management expects to receive final NOI approval from the BLM within the next 30 days.
Gold Exploration LLC, Bonanza's exploratory and development partner, recently completed mapping and surveying on two unpatented placer claims located in the Black Rock Basin (BRB) of Arizona. Filing an NOI is the next step required in the process to begin exploratory drilling on the property. Upon approval of the NOI, Gold Exploration plans to begin trenching and sampling minerals from the backhoe trenches of these BRB claims. The trench sites planned cover six gold soil anomalies that were previously sampled and shown to contain gold and other precious metal reserves.
Pending BLM's approval, backhoe trenching will commence its pre-determined sites. "The first phase of backhoe trenching is scheduled to begin next month. Our trench sites, or horizontal drill holes, are designed to locate gold, silver and base metal mineralization at bedrock," said Steve Karolyi, co-founder of Gold Exploration LLC. "We are very optimistic about the first phase of our work due to the quality of the anomalies and today's record-high gold prices, which are holding at around $1000 per ounce."
Chris Tomkinson, CEO and president of Bonanza Goldfields Corp, said, "Gold Exploration is a valuable partner who has helped us expeditiously and seamlessly move forward with capitalizing on our two major mining claims. We are confident that an effective sampling program is in place and are looking forward to digging the first trenches next month pending BLM's approval."
"Only a portion of the known gold anomalies will be covered by Phase I. The west half of the property will not be affected and may be explored later using conventional reverse circulation drilling techniques and short trenches," added Karolyi.
About Bonanza Goldfields Corp.
Bonanza Goldfields Corp. engages in the acquisition, exploration and development of natural resource properties in the United States, primarily in the State of Arizona. The Company owns the mining rights to two unpatented placer claims in the Black Rock Basin (BRB), located on 320 acres of BLM ground in the southern part of the Vulture Mining District, Maricopa County Arizona on the northeastern flank of the Belmont Mountains. Over the past two years, Bonanza has taken over 400 soil and rock chip samples from the BRB claims. Prior samples indicate gold up to 0.10 oz per ton, silver up to 7 oz per ton, lead over 20% and zinc over 30% per ton with some copper. For more information on Bonanza Goldfields Corp., please visit www.bonanzagoldfields.com
