Bonanza Goldfields Corp. acquires AZ Columbus Mine

Las Vegas-based Bonanza Goldfields Corp. acquired the Columbus Mine in Arizona, near the Golden Gem Mine, shown in the foreground, and Idaho mine in the background.

Bonanza Goldfield Corp.

LAS VEGAS — Nevada-based mining company Bonanza Goldfields Corp. has acquired the Columbus Mine, located north of the company’s Golden Gem Mine near Kingman, Arizona.

The Columbus Mining Claim was included in the same transaction under which the company obtained its option on the Idaho and Broken Hills Mines; however, the Columbus acquisition took longer to complete as the deed had to be recorded with the Arizona State Office of the United States Bureau of Land Management in addition to the Mohave County Recorder, according to a press release.

The Columbus Mine is on the Idaho-Columbus Vein and historically was worked together with the Idaho Mine. The company reports that there are two mine shafts at 175 to 200 feet deep, as well as an adit and at least two winzes. Past sampling by the U.S. Bureau of Mines of one of the Columbus Mine winzes encountered gold, silver, zinc, lead and copper.

The Columbus, Idaho, Broken Hills, Golden Gem and Payroll mines are among 14 mines in the BONZ Chloride portfolio. On more than 500 acres, the other mines are (from north to south) the Badger, Hercules, Rambler, Molly Gibson, Arizona & Montana (A&M), Towne, Summit, O’Brien and Daisy Twins mines.

“That might not sound like a lot in Elko, but when you’re talking about private property, it’s actually pretty large,” said Fred Bauman, general counsel Bonanza Goldfields, which he has co-managed with wife Barbara Bauman, CEO, since February.

There is also land to build two mineral processing facilities on the Terminal Millsite, on Tennessee Avenue in the Town of Chloride, and the recently acquired Golden Gem Millsite. The BONZ office building and assay office are also on Tennessee Avenue in the town of Chloride.

“When this is all done, we have what we hope will be a viable land position to start exploration on,” Fred Bauman said in an October interview.

BONZ is a Las Vegas–based mineral exploration and mining company that is exploring gold and silver properties in the Comstock and Goldfield Mining Districts of Nevada, and the Chloride, Oatman and Congress Mining Districts of Arizona.

Hondo Minerals Corp. is a Nevada-based mineral exploration and mining company that is exploring its Thunder Mountain and Mizpah Extension gold and silver properties at Tonopah. Hondo is a shareholder of BONZ, and BONZ is exploring Hondo’s Arizona properties.

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