Current Work Program
On February 3, 2010 the Corporation announced the positive results of its NI43-101 compliant 2010 Feasibility Study (the "Study") at Copperstone. The Study, prepared by Continental Metallurgical Services under the guidance of Todd Fayram, B.S. Eng, MMSA-QP(M) a Qualified Person under National Instrument 43-101, was prepared to present the results of a comprehensive evaluation of the Copperstone deposit and provide an economic evaluation of future underground mining operations at the past producing Copperstone mine. The Study indicates Copperstone will be a profitable gold mine with positive economics from the re-activation of mining, pursuing the gold mineralization from the past open pit to the future high grade underground mining.
In May 2010, the Corporation acquired an option to purchase a 700 ton per day milling and flotation/gravity plant, including a pre-engineered mill building.
Permitting began in July 2009 and the process has gone methodically to date. Permitting is expected to be completed by the end of 2010.
Re-activation of mining at Copperstone remains Bonanza's primary objective.
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