An Emerging Gold Producer in Arizona (Debt and Hedge-free)
313,000oz Au (M+I) of > 10 g/t
American Bonanza Gold Corp. (TSX: BZA) is a dynamic gold company engaged in the acquisition, exploration and development of high-grade gold properties located in the United States and Canada. Bonanza is developing both its advanced stage 100% owned Copperstone gold property in Arizona, and is aggressively drilling several other projects with successful results, with the goal of achieving production by 2009.
American Bonanza's Copperstone Property contains a 10.7 g/t resource with 335,000 ounces of gold in the Measured and Indicated categories and 66,000 ounces of gold in the Inferred category. An aggressive drill campaign is underway with a goal of expanding this resource. The Company is also conducting mining studies to determine the feasibility of placing the Copperstone Project into production, making Copperstone Bonanza's first high grade gold mine.
The Company's Fenelon property lies in northern Quebec's Casa Berardi greenstone gold district. The Company's recent drilling program has identified two large nickel rich zones with a total length of 2 kilometres, and grades up to 1.9% nickel.
Bonanza continues to advance other exploration projects, including the La Martinière, Quebec (100% owned), and has recently entered into a letter of intent with Agnico-Eagle to jointly develop the Noyon-Northway and Vezza properties in Quebec.