$b_rich$'s Penny Bank Stocks

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GDSM has no proof that it has any any gold nor a mining project that could be profitable. No testing nor a Feasibility Study has been prepared for investors.

Currently in Arizona there are only two gold mining operations and neither of them are profitable. Neither of them are in Yavapai Co.

March 1, 2012 - American Bonanza Gold Corp. (TSX: BZA, OTCQX: ABGFF) is pleased to announce that the 100% owned Copperstone gold mine in Arizona has placed onto transport its first shipment of gold bearing concentrates. The first concentrate shipment consists of 31.2 tons of concentrate grading an average of 22.8 ounces per ton of gold, containing an estimated 712 ounces of gold in concentrate. Gold content grades in the concentrates are over double the most optimistic expectations, and Bonanza continues to pursue further improvements to the gold grade in concentrate.

The gold-bearing concentrates have been produced during the mine and processing plant ramp up process, during early 2012. Bonanza's near term objective is to achieve the design gold production rate of approximately 3,000 ounces of gold per month, and the Company is encouraged to experience continued improvements to throughput as the miners and processing plant operators gain familiarity with the operation, and optimization of the mine and processing plant continues. As part of the optimization program to improve the gold grades in concentrate, a Gemini table has been installed and has been in use for about one month. Recently, a second Knelson concentrator has been installed, and is currently being brought on-line and optimized for best performance.

The first concentrate shipment consisted of 31.2 tons of concentrate grading an average of 22.8 ounces per ton of gold, containing an estimated 712 ounces of gold in concentrate.

Performance of the Copperstone crushing and grinding facilities and the gold processing plant continued to improve. During mid-February the plant operated mainly continuously, with low production for optimization and maintenance taking place in three days out of a thirteen day run. During the ten days that the plant operated continuously, throughput improved to an average of 390 tons per day processed, which represents 87% of design capacity. With continued steady throughput improvement, Bonanza's goal is to achieve throughput at the design capacity of 450 tons per day during March 2012.

Another is the Gold Road Mine company owned by Addwest Minerals Inc, headquarters in Oatman Arizona. The gold mine had been shut down around 1998 because of poor gold prices, but then reopened in 2008 with very high gold prices. The surrounding area has rocks rich in iron oxides which is usually a hint of a gold rich area. I saw this place on the way to see historic Oatman Arizona, an old ghost town founded as a mining community in the early 1900s.

Addwest Minerals is a mineral exploration company active in Alaskan projects and production from the Gold Road Mine in Arizona, USA. Company was formed to consolidate the Canadian and American assets of Addwest Minerals Inc. and Alina International Industries.

According to ADMMR, Arizona's 1996 gold production exceeded 3,100 kilograms. Addwest Minerals Inc.’s Gold Road Mine in Mohave County added over 1,200 kilograms to the approximately 1,900 kilograms of byproduct production from its copper mines. According to the company, as of January 1997 the underground Gold Road Mine had about 3 years of reserves totaling 475,000 tons at 7.9 grams per ton. Addwest conducted exploration drilling on the nearby Moss Mine that contains a 6.7- million-ton resource grading 1.16 grams per ton. Addwest's parent company, Addwest Minerals International Ltd., became a publicly traded company in early 1997.
Addwest Minerals' common shares were delisted from the TSX-V for failure to maintain the listing requirements in early 2003.

The Goldroad Mine company of Oatman AZ seems to be a small business with possibly a dozen employees or so.

http://minerals.usgs.gov/minerals/pubs/state/980498.pdf