American Bonanza Intersects 24.6 Metres of 2.4 g/t at Gold Bar, Nevada.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- In the included table, the final interval of drill hole BZGB-8 should read from 655 feet to 665 feet (sted 655 feet to 685 feet). The corrected release reads: AMERICAN BONANZA INTERSECTS 24.6 METRES OF 2.4 G/T G/T Gifted and Talented G/T Gain Over Temperature G/T Antenna Gain-to-System Noise Temperature Ratio AT GOLD BAR, NEVADA American Bonanza Gold Corp. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension :BZA BZA Board of Zoning Appeals BZA Board of Zoning Adjustment BZA Benzoic Acid BZA Beach Zone Array BZA Brandeis Zionist Association ) ("Bonanza") is pleased to announce that Phase 1 drilling was completed at the company's 95% owned Gold Bar property on the southern half of the Cortez Trend in Nevada. The drilling has resulted in the significant expansion of the known Mill Site gold mineralization Mineralization The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. to the north and east. The Gold Bar property is located on the prolific Battle Mountain/Eureka mineral belt 28 miles southeast of the Placer Dome's (over) 10 million ounce Cortez Hills/Pediment discovery and 11 miles south of the Tonkin Springs Gold Mine owned by US Gold Corp. The Gold Bar mineralization is controlled by the same large scale structure as the Cortez and Tonkin Springs gold deposits. Mineralization is hosted in the Devonian Denay Formation, the same host as the original Gold Bar Pit. Mining from 1987 to 1994 at the Gold Bar Mine complex resulted in a total of 485,000 ounces being produced by Atlas Precious Metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. Inc., the majority of which was produced from the main Gold Bar pit only 400 meters from the current drilling campaign. A total of 1438 meters (4719 feet) of drilling was completed in 7 drill holes with gold mineralization encountered in six of the holes drilled. The most significant intercepts includes a 24.6 meter zone grading 2.4 g/t gold in drill hole number BZGB-8 and 9.2 meter zone grading 1.6 g/t gold in drill hole number BZGB-7. BZGB-8 was drilled off the main mineralizing trend to follow up a possible splay or parallel zone and was terminated in gold mineralization. With this successful phase of drilling complete and mineralization now open to the north and east of hole BZGB-8, Bonanza is currently planning a follow up drilling program in early 2006, to determine the size potential of this newly discovered zone. The following table is a summary of assay results for Phase 1 drilling:
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TD From - To Gold Intercept Gold
Hole ID (ft) Azimuth Inc (ft) (opt) (m) (g/t)
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BZGB-2 500 270 -70 380-395 0.019 4.6 0.6
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And 405-410 0.030 1.5 1.0
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BZGB-3 500 vert No gold mineralization encountered
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BZGB-4 755 vert 630-725 0.017 29.2 0.6
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BZGB-5 790 vert 720-725 0.023 1.5 0.8
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BZGB-6 740 vert 595-600 0.025 1.5 0.8
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BZGB-7 735 90 -83 690-720 0.046 9.2 1.6
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And 725-730 0.026 1.5 0.9
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BZGB-8 699 vert 580-600 0.019 6.2 0.6
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And 615-695 0.071 24.6 2.4
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Including 620-645 0.107 7.8 3.7
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Including 655-665 0.119 3.1 4.1
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(i) Lower Plate stratigraphy is flat to gently dipping.
Mineralization is thought to be true thickness.
About Bonanza Bonanza is gold company engaged in the acquisition, exploration and development of high-grade gold properties located in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Canada. Bonanza is advancing both its Pre-Feasibility stage Copperstone gold project in Arizona and the Fenelon gold project in Quebec. Bonanza has 85.3 million shares outstanding and is well financed with no long-term debt Long-Term Debt Loans and financial obligations lasting over one year. Notes: For example debts obligations such as bonds and notes which have maturities greater than one year would be considered long-term debt. . DETAILED INFORMATION Reverse circulation drilling services were provided by international drilling contractors: Diversified Drilling Co. of Missoula, Montana Missoula is a city in and the county seat of Missoula CountyGR6 in western Montana, United States. As of the United States 2000 Census, the population was 57,053, with more than 100,000 in the metropolitan area making it the second-largest city in . Drill bit size equaled 5 1/2 inches in diameter. The drilling, assaying and contents of this news release were conducted under the supervision of Gregory French, CPG CPG central pattern generators. #10708, a Qualified Person as defined in Canadian National Instrument 43-101. American Assay Laboratories (AAL (ATM Adaption Layer) The part of the ATM protocol that breaks up application packets into 48-byte payloads which become ATM cells when the 5-byte headers are attached. The AAL resides between the higher layer transport protocols and the ATM layer. ) in Sparks, Nevada Sparks is a city in Washoe County, Nevada, United States. The population was 66,346 at the 2000 census. Estimates in 2006 place the population at around 90,000 due to rapid growth in areas such as Spanish Springs, Wingfield Springs, and D'Andrea. picked up the samples from secure storage. AAL is ISO/IEC ISO/IEC International Organization for Standardization/International Electrotechnical Commission (ITU-T M 3000) 17025 certified and has successfully completed Canadian proficiency testing (CCRMP CCRMP Canadian Certified Reference Materials Project (MMS Canada) ). Drill cuttings Drill cuttings typically refer to any solids removed from a wellbore while drilling. The term specifically refers to shale cuttings generated when drilling petroleum wells, and is usually removed by circulating the drilling fluid over shale shakers. were dried, crushed to -10 mesh, rotary split to 1,000 grams, pulverized pul·ver·ize v. pul·ver·ized, pul·ver·iz·ing, pul·ver·iz·es v.tr. 1. To pound, crush, or grind to a powder or dust. 2. To demolish. v.intr. to -150 mesh, split to 350 gram pulps, fire assayed for gold and silver using 1-assay ton fire assay with gravimetric gravimetric /grav·i·met·ric/ (grav?i-me´trik) pertaining to measurement by weight; performed by weight, as a gravimetric method of drug assay. grav·i·met·ric adj. 1. finish. A total of 581 drill samples were sent for assay. 49 internal check samples were preformed by AAL. Samples greater than 0.100 opt, drill rig duplicates, standards, and blanks were submitted to additional labs for verification. A total of 22 duplicate, standard and blank assays were completed. Samples greater than 0.100 opt are currently in progress. Check assays were submitted to BSI-Inspectorate, Sparks, NV and Chemex Labs, Sparks, NV for 1-assay ton gold analysis. Both labs are ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 9002 certified. AAL or Bonanza personnel delivered the samples to the check labs. AMERICAN BONANZA GOLD CORP. Brian Kirwin, President and Chief Executive Officer This news release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, including the likelihood of commercial mining and possible future financings are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include unsuccessful exploration results, changes in metals prices, changes in the availability of funding for mineral exploration, unanticipated changes in key management personnel and general economic conditions. Mining is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on the Company and the risks and challenges of its business, investors should review the Company's annual filing on Form 20F with the United States Securities Commission and its home jurisdiction filings that are available at www.sedar.com. American Bonanza Gold Corp. (TSX:BZA) |
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