American Bonanza Gold Corp. ("Bonanza") (TSX VENTURE: BZA)(FRANKFURT: AB2) reports that Phase I drilling is complete at the wholly owned Northshore property in Ontario. The current drilling program consists of 11 NQ core holes with a combined length of 3,145 meters (10,318 feet). Assay results confirm the discovery of several new mineralized quartz veins to the north and extend the down dip projection of previously known gold zones drilled by Noranda Inc. and Cyprus Minerals during the 1990s.
Initial Phase I drill results were disclosed on December 13, 2006, and are highlighted by drill hole NS-06-03 containing 1.2 meters grading 43.5 grams per tonne gold (1.27 ounce per ton). Current drill hole NS-06-8 intercepted 1.0 meter grading 10.29 grams per tonne gold (0.30 ounces per ton) and 1.0 meter grading 3.26 grams per tonne gold (0.1 ounces per ton). NS-06-08 encountered these gold horizons 200 meters below previously drilled mineralization, representing a down dip extension of these veins. Drill hole NS-06-10 intercepted 1.0 meter grading 4.05 grams per tonne gold (0.12 ounces per ton) in a vein located 500 meters to the north of known mineralization. Numerous lower grade intercepts demonstrating the prolific nature of gold/quartz veining on the property are shown in the table below.
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