Bonanza Goldfields soil samples confirms phase 1 a tremendous success

PHOENIX, AZ, April 20 /PRNewswire-FirstCall/ – Bonanza Goldfields Corp (BONZ:OTCBB) is pleased to announce its results from soil samples were received from ALS CHEMEX laboratory in Vancouver, Canada. These results are from our phase 1 trenching on our two unpatented placer claims (320 acres) located in the Vulture Mining District, Maricopa County Arizona on the northeastern flank of the Belmont Mountains.

On trench “A” the last 121 feet were in anomalous gold ranging from 111 ppb to 177 ppb. The last 71 feet had anomalous lead 1720 ppm, copper 2880 ppm.

In trench “C” the last 81 feet were anomalous gold ranging from 141 ppb to 10.25 ppm (almost a third of an ounce). The last 31 feet carried the 10.25 ppm gold, 2880 ppm lead and 1800 ppm copper.

The results from the soil sampling correspond with the rock sample trench results indicating that the best values were found in the southern portion of the trenches, 100 to 150 feet of Trench “A” and approximately 75 feet of Trench “C” were anomalous-to-ore grade material mineralization.

Chris Tomkinson states “these results back up the rock samples that already showed excellent results. The most significant areas in Trenches A and C to the south. We must now strategize our next phase whether we trench more areas or move right into drilling of holes to find depths on the deposit. Trench C has some amazing results showing almost a third of an ounce.”

Steve Karolyi comments “One interesting point I observed was copper was 20-30 times higher in soil samples then rocks on the higher copper samples. I strongly believe that the mineralization gets stronger to the south. However this theory can only be proven by drilling under the highly pyritic rhyolite.

About Bonanza Goldfields Corp.

Bonanza Goldfields Corp. engages in the acquisition, exploration and development of natural resource properties in the United States, primarily in the State of Arizona. The Company owns the mining rights to two unpatented placer claims in the Black Rock Basin (BRB), located on 320 acres of BLM ground in the southern part of the Vulture Mining District, Maricopa County Arizona on the northeastern flank of the Belmont Mountains. Over the past two years, Bonanza has taken over 400 soil and rock chip samples from the BRB claims. Prior samples indicate gold up to 0.10 oz per ton, silver up to 7 oz per ton, lead over 20% and zinc over 30% per ton with some copper. For more information on Bonanza Goldfields Corp., please visit www.bonanzagoldfields.com

Certain statements contained in this news release that are not based on historical facts are “forward-looking statements” and are prospective. These statements may appear in a number of different places in this news release and can be identified by words such as “estimates”, “projects”, “expects”, “intends”, “believes”, “plans”, or their negatives or other comparable words. Forward-looking statements include statements regarding the outlook for Bonanza’s future operations, plans and statements about future market conditions, supply and demand conditions, forecasts of future costs and expenditures, and other expectations, intentions and plans that are not historical fact. Such forward-looking statements are subject to risks, uncertainties and other factors which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Many of these factors are beyond the control of Bonanza. Consequently, all forward-looking statements made in this news release are qualified by this cautionary statement and there can be no assurance those actual results or developments anticipated will be realized.

Section 21E of the Securities Exchange Act of 1934 as amended, and is subject to the safe harbors created thereby. Such statements involve certain risks and uncertainties associated with an emerging company. Actual results could differ materially from those projected in the forward-looking statements as a result of risk factors discussed in Bonanza Goldfields Corp. reports that will be on file with the US Securities and Exchange Commission.

SOURCE Bonanza Goldfields Corp