PHOENIX, March 9 /PRNewswire-FirstCall/ - Bonanza Goldfields Corp (BONZ:OTCBB) announced today that it has paid the required bond with the U.S. Bureau of Land Management (BLM). This bond allows us to begin work on our BRB Claim which is currently comprised of two unpatented placer claims (320 acres) on BLM ground in the southern part of the Vulture Mining District, Maricopa County Arizona on the northeastern flank of the Belmont Mountains.
The program will consist of backhoe trenching on four separate trenches of differing length, of up to 3000 feet in total length. The alluvium encountered will vary from a few inches to several feet in depth. The samples retrieved will be dried, split and assayed according to standard industry practices.
Chris Tomkinson states, "Now that the bond has been set by the BLM and paid, we can now focus on the exploration of the property. We are working with our property managers Gold Explorations to firm up a date in the near future to move equipment on the property and start trenching."
About Bonanza Goldfields Corp.
Bonanza Goldfields Corp. engages in the acquisition, exploration and development of natural resource properties in the United States, primarily in the State of Arizona. The Company owns the mining rights to two unpatented placer claims in the Black Rock Basin (BRB), located on 320 acres of BLM ground in the southern part of the Vulture Mining District, Maricopa County Arizona on the northeastern flank of the Belmont Mountains. Over the past two years, Bonanza has taken over 400 soil and rock chip samples from the BRB claims. Prior samples indicate gold up to 0.10 oz per ton, silver up to 7 oz per ton, lead over 20% and zinc over 30% per ton with some copper. For more information on Bonanza Goldfields Corp., please visit www.bonanzagoldfields.com
