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Bonanza Goldfields Corp. Acquires Golden Gem Mill Site; Releases Geological Reports on Towne and Rambler Mines
Bonanza Goldfields Corp. Acquires Golden Gem Mill Site; Releases Geological Reports on Towne and Rambler Mines.
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[{"type":"text","content":"\n\n\n\nBonanza Goldfields Corp. Acquires Golden Gem Mill Site; Releases Geological Reports on Towne and Rambler Mines\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nBonanza Goldfields Corp. Acquires Golden Gem Mill Site; Releases Geological Reports on Towne and Rambler Mines\nPR Newswire\nLAS VEGAS, Oct. 10, 2017\n\n\n\nLAS VEGAS, Oct. 10, 2017 /PRNewswire/ -- Bonanza Goldfields Corp. (OTC PINK: BONZ) has signed an agreement to acquire a Mill Site for its Golden Gem Project. The Golden Gem Mine is located 10 miles north of Kingman, Arizona. The 26.84-acre Golden Gem Mill Site is adjacent to the BONZ Broken Hills patented mining claim and is immediately north of BONZ' O'Brien Mine group of mining claims.\n\nThe Golden Gem Mill formerly processed ore from BONZ' Golden Gem and Summit Mines, as well as other mines in the vicinity. Water supply for milling was obtained from a mine shaft on the Golden Gem claim. Water for the Golden Gem assay office and change room was produced by a domestic well located on the mill site. Hondo Minerals removed the historic mill equipment and building but did not replace it. The Golden Gem assay office and change room was not removed, but will need repairs. If it is decided to process mineralized material from the Golden Gem Project locally, a new mill would need to be designed and built at the Golden Gem Mill Site.\n\nHondo Minerals will receive 4,500 shares of BONZ Series B Preferred Stock as the purchase price for the Mill Site.\n\nReports on Towne and Rambler Mines, Chloride, Arizona\n\nBONZ has posted historical geological reports for the Towne Mine and the Rambler Mine on the OTCMarkets website as a Supplemental Information Filing for the purpose of providing background information. These reports were prepared prior to adoption of NI 43101 and also do not meet current SEC standards. Any resource estimates in the reports should not be relied upon for any purpose.  \n\nThe Golden Gem, Broken Hills, O'Brien, Summit, Towne and Rambler Mines are among a total of over 12 mines in the BONZ Chloride portfolio. Located on over 500 acr...