Business
Bonanza Goldfields Corp. Reduces Debt by $205,000; Releases First Gold and Silver Assay Results
Bonanza Goldfields Corp. Reduces Debt by $205,000; Releases First Gold and Silver Assay Results.
About this update from Marvion Inc.
[{"type":"text","content":"\n\n\n\nBonanza Goldfields Corp. Reduces Debt by $205,000; Releases First Gold and Silver Assay Results\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.prngen2{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen4{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; TEXT-ALIGN: LEFT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen3{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:1pt; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n\n\n\n\n\n\nBonanza Goldfields Corp. Reduces Debt by $205,000; Releases First Gold and Silver Assay Results\nPR Newswire\nLAS VEGAS, Feb. 1, 2018\n\n\n\nLAS VEGAS, Feb. 1, 2018 /PRNewswire/ -- Bonanza Goldfields Corp. (OTC PINK: BONZ) has entered into a settlement agreement with Freedom Boat Company that will result in a reduction of Company debt by $205,000. \n\nMortgage indebtedness on key Congress, Arizona asset to be eliminated \n\nAs a result of this settlement, the Company will own the Hull patented mining claim free and clear of any mortgage.  The Hull claim has served as the Company's base of operations in the Wickenburg, Arizona area in the past, and will continue to be available for the Company's Congress Project on an ongoing basis.\n\nUnder the Settlement Agreement, the Company will pay $45,000 for a full release.  Freedom Boat will release its deed of trust on the Hull patented mining claim and return the 15,000,000 shares of Company common stock that it is holding as collateral.  \n\nPreliminary Bonanza Goldfields gold and silver assay results – Towne Mine, Chloride, Arizona\n\nThe Company has received fire assay results for three grab samples of quartz vein material from the most easterly mine dump at the Towne Mine, Chloride, Arizona.  The assays were performed by Ray Grimmer Lab Services of ...