American Bonanza Gold Corp ABGFF

RE: drilling results

[Barruch]

The market is reacting as if better results were expected. at 1:50 P.M E.S.T. BZA 0.31 BZA.WT 0.19 -.01 AGN 0.09 -.01 AGN.WT 0.03 -.01 Only two holes intersected the sought after bonanza grades Hole PAM02-01 encountered 1.62 OZ/T over 3 feet Hole PAM02-03 encountered 2.79 OZ/T over 1 foot The vein extensions are proving to be difficult to hit, but the grades remain excellent. I would like to hear about work on Goldbar being started as I believe it has better potential. I also believe Copperstone offers the most potential of the three. That's why BZA kept it all to themselves, and as John Embry stated is the property he was impressed with and was the reason he bought a position in BZA for his fund. Barruch