American Bonanza Provides Copperstone Gold Mine Progress for July 2013
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/06/13 -- American Bonanza Gold Corp. (TSX: BZA) (OTCQX: ABGFF) ("Bonanza" or "Company") is pleased to announce progress at the 100% owned Copperstone gold mine in Arizona during July 2013.
The mine made good progress in accessing new ore zones during July, and seven areas of the mine were advanced as potential ore headings in order to increase ore and grade to the mill. As a result, production footage was 44% higher than June with 10,443 tons of ore mined.
Production Summary (see below for detailed breakdown of figures)
Mine Operations
The mine is currently rolling out a recruitment program designed to attract a combination of more qualified miners and additional local miners requiring training from the surrounding area. As the mine is now an important employer in the Quartzsite/Parker area, it's essential that the workforce evolves from the traditional transitional miner start-up model to a more stable, local workforce.
The mine is also focusing on an in-fill drilling program to better identify the exact detailed location of the ore bodies for engineering purposes. The new drilling program will be instituted as soon as possible.
Mr. Brian Kirwin, President & CEO, commented: "While the engineering and geology teams are making good progress towards the additional ore zones, it is clear that the addition of new capital will further help support efforts to identify higher grade material, as well as provide additional equipment to speed up location and access to additional zones. "
Private Placement
American Bonanza Gold Corp. is currently engaged in raising up to $5M by way of a private placement for funds to support capital expenditures on equipment and an inventory of spare parts as well as a contingency fund of $1.5m to bring the mine to design production rates. For further information regarding the private placement, please contact Jim Bagwell at .
Mine and mill performance for the month of August will be announced towards the end of September.
Doug Wood, P. Geo the Vice President of Exploration of the Company, is the "qualified person" as defined in NI 43-101 who has reviewed and approved the technical information in this news release.
About American Bonanza Gold Corp: Bonanza is operating the newly constructed Copperstone gold mine in Arizona. For more information please visit Bonanza's website at .
AMERICAN BONANZA GOLD CORP. Brian Kirwin, President & Chief Executive Officer
We seek safe harbour.
Contacts:
American Bonanza Gold Corp.
James Bagwell
1-877-688-7523
American Bonanza Gold Corp.
Emma Nicholson
+44-207-993-6975
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Unternehmensinformation / Kurzprofil:
Datum: 06.09.2013 - 17:33 Uhr
Sprache: Deutsch
News-ID 294284
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contact information:
Town:
VANCOUVER, BRITISH COLUMBIA
Kategorie:
Mining & Metals
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