Copperstone Air Photo showing Target Zones & Development
| ||December 06, 2002|
American Bonanza Commences Pamlico Drilling Program
| ||AMERICAN BONANZA GOLD MINING CORP. (the "Corporation") is pleased to report it has commenced drilling at its Pamlico Project located in the Walker Lane gold trend of Nevada currently under option with American Nevada Gold Corp.|
The drilling contractor, Layne Christensen Company, has mobilized both a reverse circulation drilling rig and a core drilling rig to the project site. The program will consist of about 8 drill holes to confirm and expand mineralization encountered previously in the underground workings in the Central Mine Area and at the northwest end of the Main Zone. Completion of this phase of drilling is expected in December.
As previously disclosed, in the Central Mine area nine channel samples from the B-Zero Adit vein returned values averaging 20 g/t gold with four of the samples having higher results (67g/t, 34 g/t, 31.5 g/t and 22.3 g/t gold). One nearby area, 45 metres away, had gold values of 19.9 g/t and 6.2 g/t; and another, 180 metres distant, returned values of 60 g/t and 29.5 g/t gold. The Main Zone produced over 50,000 ounces of gold during historic mining. The Corporation's previous drilling targeted known veins down dip from the historic workings. Eight holes were drilled along a 230 metre fence. Three narrow veins, approximately 0.6 metres in true thickness, returned grades of 42 g/t, 134 g/t and 700 g/t gold.
The Corporation has granted 3,900,000 stock options to directors, officers and consultants of the Corporation for a period of five years commencing December 6, 2002 at an exercise price of $0.17 per share, subject to regulatory approval.
About American Bonanza
American Bonanza is engaged in the acquisition, exploration and development of high-grade gold properties. American Bonanza's innovative metallogenic techniques developed at considerable expense represent state-of-the-art tools for modern exploration in the Great Basin of Nevada and other areas. American Bonanza's metallogenic techniques have involved technical pioneering in terms of geological data analysis, hardware and software applications and will be the catalyst for future corporate growth.
Additional information about American Bonanza and its properties can be obtained at www.americanbonanza.com.
For further information please contact Brian Kirwin, President and Chief Executive Officer (775) 824-0707 or Giulio T. Bonifacio, Executive Vice President and Chief Financial Officer (604) 699-0023.
AMERICAN BONANZA GOLD MINING CORP.
(Signed) Brian Kirwin
President and Chief Executive Officer
The TSX Venture Exchange has not reviewed and does not accept responsibility
for the adequacy or accuracy of this release.
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