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American Bonanza Gold Corp. (TSX: BZA) explores and develops gold mining projects in pro-mining areas of the United States and Canada. Bonanza's main objective is to bring the advanced stage, 100% owned, Copperstone gold property in Arizona into production during 2011.
The American Bonanza Gold Corp. website is at www.americanbonanza.com.
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This report is based on NI 43-101 resource and reserve disclosures and fully diluted share counts available on 2011-11-15.
The GoldMinerPulse metrics, presented below in table format, are based on all projects and all in situ metals and are updated daily with closing market prices.
| General Metric | Value on 2013-05-24 |
|---|---|
| In Situ Metal Value per Share (MVpSh) | US$2.67 |
| Average Ore Value per Tonne | US$482.81 |
| Metal Value Leverage (MVL) | -no stock price- |
| Market Capitalization as a Percentage of Metal Value | - price unavailable |
| Recent Closing Stock Price | C$ [note 1] |
| Fully Diluted Share Count | 230.62 M [note 2] |
| Percentage In Situ Proven + Probable Reserve | 0% |
| Percentage In Situ Measured + Indicated Resource | 70% |
| Percentage In Situ Inferred Resource | 30% |
| Metric | Value on 2013-05-24 |
|---|---|
| Gold Reserves + Resources | 445.21 K oz |
| Average Gold Ore Grade | 10.8 g/t |
| Market Capitalization per oz of Gold In Situ | US$0.00 ( C$0.00 ) |
| Gold Equivalent Ounces Estimate | 445.21 K oz |
| Market Capitalization per oz of Gold Equivalent | US$0.00 ( C$0.00 ) |
Note 1: Conversion rate used: 1 Cnd$ = 0.968962 US$
Note 2: Fully diluted share count estimated based on issued stock and outstanding options detailed in a February 2011 corporate presentation.
All metal counts in this section are based on the combined Proven + Probable reserves plus the Measured + Indicated and Inferred resources.
| Metric / Metal | Gold | ||
|---|---|---|---|
| Total Counts (reserves + resources) | 445.21 K oz | ||
| Metal Prices in US$ (from 2013-05-24) | $1,384.20 / oz | ||
| Metal Value per Share (MVpSh) Shown in US$. Based on fully diluted share count | $2.67 | ||
| Percentage of Total Metal Value | 100.00% | ||
| Metal Value Percentage Proven + Probable | 0% | ||
| Metal Value Percentage Measured + Indicated | 70% | ||
| Metal Value Percentage Inferred | 30% | ||
The above metal value totals derive from the following projects.
| Project | Location | Metal Value per share (% total) | Average Ore Value US$/t | Gold | PP% | MI% | I% |
|---|---|---|---|---|---|---|---|
| Copperstone | Arizona, USA | $2.67 ( 100.0% ) | US$482.81 | 445.21 K oz | 0 | 70% | 30% |
PP%: percentage of metal value from Proven + Probable reserves
MI%: percentage of metal value from Measured + Indicated resources
I%: percentage of metal value from Inferred resources
Note: percentages may no add to 100% due to rounding errors
The Copperstone property is located in La Paz County, Arizona, approximately 9.5 miles north of the town of Quartzsite. The property consists of 335 unpatented mining claims and two state mineral sections covering an area of approximately 8,821 acres that is controlled by the Patch Living Trust.
American Bonanza holds a 100% leasehold interest that has a 10-year term starting June 12, 2005, and is renewable by American Bonanza for one or more additional 10-year terms.
The property is a 'brown field' site previously operated by Cyprus Minerals Co (Freeport) that has a reclaimed open pit, waste storage facilities, tailings storage, and loaded heap leach pad. Cyprus Minerals produced approximately 500,000 oz Au from 1987 to 1993, when the pit reached its economic limits. [Source: NI43-101 Report February 2010]
Latest NI43-101 Report: NI 43-101 Technical Feasibility Report, Copperstone Project, La Paz County, Arizona.
2010-02-02 (227 pages).
Project Location: Arizona, USA.
Average Ore Value (all estimate types): US$482.81
Measured + Indicated
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $1.88 | 313.48 K oz | 10.354 g/t | 941.66 K t |
Estimate notes: Resources webpage (viewed November, 2011). Inclusive of reserves
Inferred
| Metal | MVpSh | Contained Metal Quantity | Ore Grade | Ore Quantity |
|---|---|---|---|---|
| Gold | $0.79 | 131.73 K oz | 12.240 g/t | 334.75 K t |
Estimate notes: