Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: loantech who wrote (39105)	4/29/2007 12:27:56 PM
From: E. Charters	Respond to of 78412

US Gold did come around, and since the White Knight deal will come around more. American Bonanza fizzled because of too much promotion too early and not great progress to match the earlier generated expectations. It took too long. It has good results at cprstn. VACNOUVER, BRUTISH COLUMNBIA -- March 5, 2007 --- American Bonanza Gold Corp. BZA/TSXV, AB2/Frankfurt, today announced, based on current gold prices and positive preliminary internal reviews of the Copperstone Gold Project's National Instrument 43-101 resource estimate completed last year, it is now determining the feasibility of placing the Copperstone Project into production, subject to permits and financing. Internal studies have commenced and will be completed by September 2007. The current studies will review a series of project sensitivities including capital costs, operating costs, gold prices and various mining and milling options. These studies will make use of geological models, resource models and mine development models produced during the 2006 resource estimation studies. In 2005 Bonanza commissioned AMEC E & C Services Inc., a respected international engineering firm, to complete a National Instrument 43-101 compliant resource estimate. As previously announced the AMEC estimated mineral resource, effective January 2006, and based on a cutoff grade of 5.1 g/t gold and capped at 137 g/t gold was reported as: Copperstone Mineral Resource ------------------------------------------------------------------------- ------------------------------------------------------------------------- Average Contained Grade Ounces Zones Classification Tonnes (g/t Gold) of Gold ------------------------------------------------------------------------- A, B, C and D Measured 10,400 20.93 7,005 A, B, C and D Indicated 960,000 10.62 327,924 ------------------------------------------------------------------------- A, B, C and D Measured + Indicated 970,400 10.73 334,929 A, B, C and D Additional Inferred 189,600 10.87 66,266 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Bonanza continues drilling to expand the mineral resource at Copperstone with positive results to date (see Bonanza news releases dated February 5, 2007 and November 23, 2006). The drilling has identified several areas where new gold mineralization has been discovered that may lead to an expansion of the resources with further drilling. Bonanza will continue this drilling while conducting the current mining studies. ****************************************