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wrj

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Alias Born 03/21/2009

wrj

Re: TLHamand post# 129419

Friday, 06/25/2010 12:02:11 AM

Friday, June 25, 2010 12:02:11 AM

Post# of 221872
Here is some interesting information on a potential buyer of FFGO gold properties.

May 19, 2010 Bonanza is working to re-activate mining at the preproduction-stage Copperstone gold property in Arizona. Bonanza has 118.2 million shares outstanding, and has no debt.
http://www.americanbonanza.com/i/pdf/2010-05-19_NR.pdf

The Copperstone Gold Mine is estimated to produce on average 46,000 ounces of gold annually for the first 3 years, and have a capital investment payback period of only 13 months. The 2010 feasibility study details a total capital cost of US$17.7 million, including working capital, G&A startup, reclamation bonding, and contingencies. The feasibility study estimates the cash production cost to be US$415 per ounce of gold produced.

American Bonanza Acquires Mill for the Copperstone Gold Mine
May 19, 2010 - American Bonanza Gold Corp. (TSX: BZA) ("Bonanza") is pleased to report the purchase of a milling and flotation circuit for the 100% owned Copperstone Mine in Arizona. Bonanza has acquired an option to purchase this 700 ton per day milling and flotation/gravity plant, including a pre-engineered mill building, for a purchase price of US$650,000.

Please visit our website at http://www.americanbonanza.com/s/Home.asp


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