American Bonanza Gold Corp ABGFF

RE: balmoral

[silverton]

With BZA owning 15% of BAR. The stock will begin trading tomorrow. They have locked up a JV with RDS that will earn them a 60% stake in the Detour East property that consolidates a 40 km trend with Fenelon and Martiniere that is just 12 km from the huge gold resources owned by Detour Gold. They hope to be drilling at Fenelon in the next few weeks.

The Fenelon deposit shares several similarities with portions of the Detour Lake deposit, which is also situated along the same Sunday/Detour Lake Deformation Zone. 95% of the historic drilling on the Fenelon deposit has been concentrated within 100 metres of surface, whereas a portion of the Detour Lake mine was exploited to a vertical depth of 2,000 metres. The Fenelon property extends along the Sunday/Detour Lake Deformation Zone for approximately 12 kilometres. $30 M worth of drilling in the past.

Full story at https://www.kitco.com/pr/1267/article_11112010160747.pdf. With no drills turning here since 2007 and gold at $1400, BZA made a good decision to vend these properties for cash and shares. With Haywood, Raymond James and Cannacord Genuity firmly behind this, The promise of Fenelon may be finally be unlocked.