American Bonanza Acquires Strategic Position in the High Grade Oatman Mining District of Arizona.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Jan. 21, 2004 American Bonanza Bonanza saga of the Cartwright family. [TV: Terrace, I, 111–112] See : Wild West Gold Mining Corp. ("Bonanza") is pleased to report that it has staked a sizeable claim block in the historic Oatman Mining District of Arizona. The Oatman Mining District produced over 2 million ounces of gold with an average grade of 0.67 ounces of gold per ton (23 grams per tonne tonne measure of weight or mass; 1 tonne=1000 kg. See also ton. ), making it one of the highest grade gold mining districts in western North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . The Oatman Mining District lies in Mohave County in Northwest Arizona. The district was discovered in 1864 and was mined continuously through the 1930s. Bonanza has acquired and currently controls 1500 acres (600 hectares) through the staking of 67 unpatented lode mining claims. The property is located at the intersection of the two main productive veins in the Oatman Mining District: the main Oatman vein with 1,400,000 ounces in gold produced, and the Gold Road Vein, with production of approximately 325,000 ounces of gold. Vein intersections, or areas where veins merge, are often the location of additional discoveries in vein mining districts. This principal target is covered by shallow gravels. Within the property limits are numerous other Tertiary tertiary (tûr`shēârē), in the Roman Catholic Church, member of a third order. The third orders are chiefly supplements of the friars—Franciscans (the most numerous), Dominicans, and Carmelites. epithermal volcanic-hosted veins associated with encouraging alteration. This strategic project will be the focus of exploration diamond core drilling Diamond core drill bits are used to bore large holes in brick, concrete and stone. They are not generally used in other materials. The bit consists of a metal cylinder, usually relatively soft steel mounted on an arbor. in 2004, with mapping, data compilation and target definition currently in progress. Mr. Brian Kirwin, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. stated: "The Oatman project represents a very prospective target within a district that has had large high grade past production, and limited modern exploration. The intersection between these two veins is an ideal target for further discoveries in the district." About American Bonanza Bonanza is engaged in the acquisition, exploration and development of high-grade gold properties. Bonanza's innovative metallogenic techniques, developed at considerable expense, represent state-of-the-art tools for modern exploration in the Great Basin Great Basin, semiarid, N section of the Basin and Range province, the intermontane plateau region of W United States and N Mexico. Lying mostly in Nevada and extending into California, Oregon, Idaho, and Utah, it is bordered by the Sierra Nevada on the west, the of the American Southwest. Bonanza's metallogenic techniques have involved technical pioneering in terms of geological data analysis and software applications and will be the catalyst for future corporate growth. Additional information about Bonanza can be obtained at the company's website: www.americanbonanza.com which will be updated soon to reflect this new property. AMERICAN BONANZA GOLD MINING CORP. Brian Kirwin, President and Chief Executive Officer The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release. |
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