On 15th October’14, BrilliantPennyStocks.com initiated coverage on BONZ. The stock declined by 16.67% since the coverage was initiated.
Bonanza Goldfields Corp. (OTCMKTS:BONZ) closed Thursday 25.00% higher, the result of recent positive momentum seen by the exploration stage company.
Bonanza Goldfields Corp engaged in acquisition of gold mineral properties as well as rare earth elements across the North American continent. As the region remains far from pressures of divisive political pressures, it has benefited from the geopolitically stable conditions of the areas in which it operates.
Bonanza Goldfields Corp. (OTCMKTS:BONZ) main project is in Arizona Tarantula project. The coverage of the Tarantula Project is as it includes 600 acres of private property as well as patented property claims. There are other claims as well to the 38 lode region and includes such parties as Bureau of Land Management (BLM). The latter is focused more on the area at Date Creek Mountains, Arizona.
Discovery Gold in Quartz Veins
Much of the deposits that Bonanza Goldfields works with are related to alluvial as well as mineralized quartz deposits. There have been rare earth elements traces as well at the Project location. However, the most important discoveries for Bonanza Goldfields Corp has been the discovery high grade Gold in Quartz Veins.
In a press release, the company had reported presence of 0.08 ounce per ton from samples that were hand collected from the Bonanza patents. One of the samples was collected from a leased second quartz vein. Another, fifth sample, was from a pit located on a different leased Bonanza patented property. The former sample of the patented property had assayed at 2.73 oz/ton and fifth sample of the patented property assayed at 0.007 oz/ton.
The press release also noted that the assays were executed by Copper State Analytic Lab located at Prescott, Arizona. The named assayer is a registered entity in Arizona.
Bonanza Goldfields Corp.(OTCMKTS:BONZ) had in the press release noted that the results from the five phased lode assay tests were promising. Geochemists at the company have already identified over 1,800 foot exposed vein very similar in characteristics of dip, strike as well as mineralization as the productive mines.
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