PHOENIX, March 15 /PRNewswire-FirstCall/ - Bonanza Goldfields Corp (BONZ:OTCBB) announced today that it will commence its extensive 3000 feet trenching program of two unpatented placer claims (320 acres) on March 18, 2010.
The trenching program will be performed on the BLM ground in the southern part of the Vulture Mining District, Maricopa County Arizona on the northeastern flank of the Belmont Mountains.
"We are very excited and optimistic about this program on our property. We have worked with our property managers, Gold Explorations for a while to achieve all steps to get to this point. We believe the areas that have been mapped and targeted for this program will bring us very favorable results." Said Chirs Tomkinson, President of Bonanza Goldfields Corp.
"The weather conditions have improved and we are finally ready to get this project started. We remain very optimistic about the assay results from this first phase of trenching and expect further exciting results from the second phase." Said Steve Karolyi, representative of Gold Exploration LLC.
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
