Friday, April 01, 2011 1:27:04 AM
The PRs are looking pretty good and we are waiting on the new one, that should reveal production
gl
tommer
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.
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