Bonanza Mining Corporation announces receipt of a permit from the BC Ministry of Energy, Mines and Low Carbon Innovation (“BCEMLCI”) to conduct a drill program on the MC Property near Stewart BC and completion of a vertical
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BONANZA MINING CORPORATION
Suite 2201 – 8 Smithe Mews
Vancouver, B.C.
V6B 0A5
Trading Symbol: TSX-V: BNZ Telephone: 604-619-0225
Fax: 604-980-6264
Email: [email protected]
Bonanza Mining Corporation announces receipt of a permit from the BC Ministry of
Energy, Mines and Low Carbon Innovation (“BCEMLCI”) to conduct a drill
program on the MC Property near Stewart BC and completion of a vertical
amalgamation with its wholly-owned subsidiary
December 1, 2021 - Vancouver, British Columbia: Bonanza Mining Corporation (“Bonanza”) (TSXV: BNZ),
announces that it has received a permit from the BCEMLCI to conduct a diamond drilling program in 2022 on its
100 % owned MC property near Stewart BC in the Golden Triangle.
The MC property comprises 903 hectares in the heart of the Stewart mining camp 12 km north of the town of
Stewart and 3 km east of Ascot Gold Corp’s Premier Mine. The MC property hosts 17 historical mineral
occurrences as well as a large undrilled polymetallic gold – silver – lead – zinc – copper soil anomaly and two
significant undrilled Volterra 3D IP charegeability anomalies that have be en located by Bonanza from grass roots
exploration programs since 2017 (see Bonanza’s May 26, 2021 news release, issued under its former name “Califfi
Capital Corp”).
As well Bonanza has submitted to the BC EMLCI Notice of Work applications to conduct dril ling and other
exploration programs on its Shag and Frog properties in 2022. Bonanza prepared and submitted these Notice of
Work applications at an early date in order to ensure that the drilling permits will be approved by BC EMLCI in
time to be carried out during the 2022 field season.
Bonanza also announces that effective November 30, 2021, it completed a vertical amalgamation pursuant to
section 273 of the Business Corporations Act (British Columbia) with its wholly -owned subsidiary, 1107001 B.C.
Ltd., with the name of the amalgamated company to remain “Bonanza Mining Corporation”. The fiscal year-end of
the amalgamated company will remain as February 28.
Qualified Person
Technical information in this news release has been approved by Christopher Graf, P.Eng., Vice President of
exploration, as well as a director of Bonanza and a Qualified Person for the purpose of National Instrument 43-101.
For further information, please contact:
Bonanza Mining Corporation
Suite 2201 – 8 Smithe Mews
Vancouver, B.C. V6B 0A5
Attention: Alfredo De Lucrezia, President,
CEO and Director
Tel: (604) 619-0225
Email: [email protected]
Neither the TSX Venture Exchange nor its Regulation Services Provider (as t hat term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.