Copperstone Air Photo showing Target Zones & Development
| ||March 23, 2011|
American Bonanza Finalizes Development Contract
| ||March 23, 2011 - American Bonanza Gold Corp. (TSX: BZA) ("Bonanza") is pleased to announce the signing of the Contract to complete the development work at Copperstone with Mining and Environmental Services LLC ("MES"), of Idaho Springs, Colorado. MES will mobilize upon receipt of the final state permits to start pre-development mining activities, including rehabilitation of the existing decline and the development of the initial high grade stopes.|
MES has been a successful mining contractor for 15 years and has been the construction contractor or construction project manager for mine development, mine tunnel and mill rehabilitation, special projects, and closure or cleanup work at over 150 sites in the western United States. MES's underground contracting and mine service projects include work for several major mining companies and numerous governmental and private entities.
Bonanza is working to re-activate mining at the preproduction-stage Copperstone gold mine in Arizona. Bonanza has approximately 180 million shares outstanding and is well financed with no debt and no hedges. For more information please visit Bonanza's website at www.americanbonanza.com.
AMERICAN BONANZA GOLD CORP.
President & 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 are forward-looking statements. Although Bonanza 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 the price of gold, changes in the availability of funding for mineral exploration and/or development, unanticipated changes in key management personnel and general economic conditions. Mining exploration and development is an inherently risky business. Accordingly the actual events may differ materially from those projected in the forward-looking statements. For more information on Bonanza and the risks and challenges of its business, investors should review Bonanza's annual filing on Form 20-F with the U. S. Securities Commission and its home jurisdiction filings that are available at www.sedar.com.
For further information call or email:
Email: [email protected]
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