aren't these different properties.
here is the pr from this purchase.
PHOENIX, Feb. 16, 2011 /PRNewswire/ -- Bonanza Goldfields Corp. (OTC: BONZ) ("Bonanza" or the "Company"), an exploration and mining company headquartered in Phoenix, Arizona announces the successful financing and purchase of the Hull Placer Lode and Tarantula Projects, adjacent to the world famous, historic Congress Mine, Congress, Arizona.
Purchase includes the option to purchase six additional adjacent and promising contiguous claims.
Bonanza Goldfield's CEO, David Janney stated: "We have successfully established financing from a German investment group. Furthermore, we are fortunate to have a mutually beneficial turn-key arrangement with the mine's prior owners in which we have access to their pre-existing heavy equipment and seasoned operators. This is a cost savings to the company and expedites our goal to begin gold bulk sampling operations."
The acquisition of the Hull Placer Lode and Tarantula Projects provides a centralized base of operations and economies of scale to Bonanza, which also owns the nearby BRB and Midas Claims - collectively comprising of 670 acres. The property and its access to water, rail and roads, make this acquisition a strategically important advancement for Bonanza Goldfields - adding depth to its growing portfolio of Arizona gold mining properties of merit.
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