Business
Bonanza Goldfields Corp. Adds Golden Horseshoe to Congress Project
Bonanza Goldfields Corp. Adds Golden Horseshoe to Congress Project.
About this update from Marvion Inc.
[{"type":"text","content":"\n\n\n\nBonanza Goldfields Corp. Adds Golden Horseshoe to Congress Project\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. Adds Golden Horseshoe to Congress Project\nPR Newswire\nLAS VEGAS, March 12, 2018\n\n\n\nLAS VEGAS, March 12, 2018 /PRNewswire/ -- Bonanza Goldfields Corp. (OTC PINK: BONZ) has acquired the Golden Horseshoe Property for its Congress Project, located near Wickenburg, Arizona.\n\nGolden Horseshoe is located approximately 3 miles southwest of the company's existing Tarantula Gold property in the foothills of the Date Creek Mountains.  It is presently comprised of 6 unpatented lode mining claims, which are 100% owned by Bonanza Goldfields.\n\nHomestake Mining (now Barrick Gold) encountered gold in surface samples taken in some prospect pits near the property entrance, and at an old Exxon drill-hole.  Four samples bearing gold ranged from 0.006 to 0.027 ounces per ton.  These early results were not followed up by Homestake.\n\nSubsequent exploration by others was focused on finding copper and molybdenum, as the property bears certain resemblances to known Arizona porphyry copper / moly deposits.  Review of the files on the property maintained by the Arizona Geologic Survey suggests that any porphyry copper / moly mineralization could be deep, as Exxon's longest drill-hole was reportedly still in leached capping at 800 feet.\n\nBonanza Goldfields is more interested in Golden Horseshoe's potential for gold and silver, specifically to supplement the Tarantula Project.  If a mineable gold resource is discovered at Golden Horseshoe, it would be a relatively short haul to the company's Tarantula property for processing.\n\nGolden Horseshoe contains outcrops of up to 11 silicified breccia pipes having a diameter of up to 400 feet, possibly structurally controlled.   The pipes are exposed and partially exposed over a northeast trend which is 2,200 feet long and about 1,000 feet wide.  There is reportedly pervasive sericitization and silicification.  The host rocks are preCambrian granite. ...