Bonanza Goldfields Corp announced earlier today the acquisition of a 160-acre unpatented placer mining claim (”Claim # 3″) located in the Southeast 1/4 Section 20 on the Black Rock Basin (BRB) in Maricopa County, Arizona. Previous sampling conducted by the property manager and seller, Gold Exploration LLC, confirmed that the claim contains a portion of a large, gold-bearing geological structure.
“With this strategic acquisition, Bonanza has expanded its stake in another historically proven, gold-rich area of the BRB,” stated Chris Tomkinson, president of Bonanza Goldfields. “We believe our established infrastructure, technical expertise and natural resources in the BRB will enable us to quickly and profitably execute future exploratory drilling programs on our acquired claims. We are confident that Claim # 3, and additional acquisitions in the pipeline, can lead to increasing shareholder value.”
Co-founder of Gold Exploration LLC, Steve Karolyi, added, “We believe now is a great buying opportunity for gold mining prospects. The BRB has plenty of untapped mining potential with favorable economics for future exploration, development and production of gold and other metals.”