The Space Runners

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NEWS OUT!!!!
Bonanza Goldfields Announces Plant Purchase and Production Timeline
October 18th, 2012 8:00 AM ET

PHOENIX, AZ -- (Marketwire -10/18/12) -- Today Bonanza Goldfields Corp. (BONZ) announces it has purchased and received shipment of an Alaskan-25 (placer ore processing plant) manufactured by Goldfield International Inc. and expects to be in full production by November 1, 2012.

"This plant purchase marks the implementation of the first phase of our multi-phase production plan which we expect will begin in earnest by November 1, 2012. The water reservoirs that support this plant have a capacity of 1.3 million gallons, which we feel is more than adequate to support our first phase of production with the Alaskan-25. We have an experienced world class production team in place that provides us the wherewithal to implement our production plan within 30 days of securing financing. Our management team remains committed to maximizing shareholder value by keeping costs low and rapidly moving into full production," said Michael Stojsavljevich, President and CEO of Bonanza Goldfields Corporation.

The Alaskan-25 plant has the capacity to process approximately 40 tons of material per hour.

"Additionally, we have negotiated a new 2 year lease extension for the mining claims, including an option to purchase, with Judgetown LLC, which is effective October, 2012. These leased mining claims contain approximately 123 acres of pre-1955 patented lands. Our first phase of production focuses exclusively on patented properties," added Michael Stojsavljevich.