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Bonanza Goldfields Acquires Columbus Mining Claim in Arizona, USA.

M2 EQUITYBITES-November 3, 2017-Bonanza Goldfields Acquires Columbus Mining Claim in Arizona, USA


3 November 2017 - Las Vegas, Nevada, US-based mineral exploration and mining company Bonanza Goldfields Corp. (OTC: BONZ) has acquired the Arizona, US-based Columbus Mine with two mine shafts reported to be 175 to 200 feet deep as well as an adit (mine tunnel) and at least two inclined winzes (underground mine shaft), the company said.

Terms of the transaction were not disclosed.

The Columbus Mining Claim was included in the same transaction under which the company obtained its option on the Idaho and Broken Hills Mines.

However, the Columbus acquisition took longer to complete as the deed had to be recorded with the Arizona state office of the United States bureau of land management in addition to the Mohave county recorder.

The Columbus Mine is located on the Idaho Columbus Vein and was historically worked together with the Idaho Mine. Past sampling by the US bureau of mines of one of the Columbus mine winzes encountered gold, silver, zinc, lead and copper.

The Columbus, Idaho, Broken Hills, Golden Gem and Payroll Mines are among a total of 14 mines in the BONZ Chloride portfolio.

Bonanza Goldfields Corp. explores gold and silver properties located in the Comstock and Goldfield mining districts of Nevada, and the Chloride, Oatman and Congress mining districts of Arizona.

Hondo Minerals Corp., a shareholder of BONZ, is a Nevada-based mineral exploration and mining company that is exploring its Thunder Mountain and Mizpah Extension gold and silver properties at Tonopah, Nevada.

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Publication:M2 EquityBites (EQB)
Geographic Code:1U8ID
Date:Nov 3, 2017
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