American Bonanza Gold Corp

Previous Work

Although gold has been mined in the Cassiar area for 125 years, the potential for a disseminated deposit did not come to light until 1994. At that time, Taurus geologists discovered gold dispersed in the country rocks well away from the high-grade quartz veins traditionally mined in the Cassiar camp. Impressed with the potential, Cyprus Canada Inc signed an agreement to explore the Taurus Gold Project properties for suitable open-pit, bulk-tonnage mineralization.

After overseeing a year's exploration work, including geochemistry, geophysics, geology and 83 drill holes (about 13,500 metres of drilling), Cyprus initially calculated an "inferred, geological, uncut and undiluted resource" of 28.4 million tonnes grading 1.36 grams of gold per tonne. From context, it cannot be determined if this "inferred, geological, uncut and undiluted resource" is equivalent to a NI 43-101-compliant inferred resource. This information is presented only in a historical context and should not be relied upon as a resource by the public.

Cyprus withdrew from gold exploration and from Canada in 1997, and the property reverted to International Taurus Resources Inc (Taurus recently merged with American Bonanza Gold Mining Corp to form American Bonanza Gold Corp). International Taurus continued exploration, drilling 47 holes (5,141 metres of drilling). This work confirmed grades and established mineralization continuity over 800 metres along strike in the 88 Hill and 88 West zones