SOURCE: Equity news Alert

December 16, 2011 07:30 ET

Bonanza Goldfields (PINKSHEETS: BONZ) Property Shows Promise After Survey

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the EQUITY NEWS ALERT.

NEW YORK, NY--(Marketwire - Dec 16, 2011) - Bonanza Goldfields, Corp. (PINKSHEETS: BONZ) has recently announced the addition of Dr. Madan M. Singh to the Company's Advisory Board as well as the completed geological report for its recently acquired Tarantula Project in Arizona.

The Company's recently acquired Tarantula Project, located in Arizona, has received its preliminary geological report. The highlights include widespread areas of anomalous gold values and the presence of placer gold. Arizona is also home to large mining companies like American Bonanza Gold Corp (TSX: BZA) (OTCQX: ABGFF).

Bonanza Goldfields also has their Red Mountain Project in Colorado which based upon early exploration by Asarco by means of a tunnel which accessed the old workings below the silica cap high grade sulfide bonanza-type deposits could exist at depth. Colorado is also home to massive mining outfits like AngloGold Ashanti (NYSE: AU) and also developing stage companies like Cline Mining, Corp (TSX: CMK).

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