BONANZA GOLDFIELD CORP. Files SEC form 10-Q, Quarterly Report

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Management's Discussion and Analysis contains various "forward looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, regarding future events or the future financial performance of the Company that involve risks and uncertainties. Certain statements included in this Form 10-Q, including, without limitation, statements related to anticipated cash flow sources and uses, and words including but not limited to "anticipates", "believes", "plans", "expects", "future" and similar statements or expressions, identify forward looking statements. Any forward-looking statements herein are subject to certain risks and uncertainties in the Company's business, including but not limited to, reliance on key customers and competition in its markets, market demand, product performance, technological developments, maintenance of relationships with key suppliers, difficulties of hiring or retaining key personnel and any changes in current accounting rules, all of which may be beyond the control of the Company. The Company adopted at management's discretion, the most conservative recognition of revenue based on the most astringent guidelines of the SEC in terms of recognition of software licenses and recurring revenue. Management will elect additional changes to revenue recognition to comply with the most conservative SEC recognition on a forward going accrual basis as the model is replicated with other similar markets (i.e. SBDC). The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including those set forth therein. Forward-looking statements involve risks, uncertainties and other factors, which may cause our actual results, performance or achievements to be materially different from those expressed or implied by suc...
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BONANZA GOLDFIELDS CORP. Financials

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Unauthorized Promotion SPAM Newsletter Regarding BONZ.OB and Skymark Research

ARIZONA, Oct. 22 /PRNewswire-FirstCall/ - Bonanza Goldfields Corp. has become aware of certain information indicating that a 3rd party, purporting to be Skymark Research, has disseminated up to 2.1 million pieces of direct mail spam promoting Bonanza Goldfields Corp., which is quoted on the OTC Bulletin Board under the symbol BONZ.OB. Skymark Research management advised Bonanza that Skymark did not participate in the drafting or dissemination of such spam promoting BONZ.OB, and, further, that Skymark did not authorize any 3rd party to so draft or disseminate any such information.Skymark Research management also advised Bonanza's CEO that it has notified the Securities & Exchange Commission, FINRA and Pink OTC Markets Inc. of the foregoing.Bonanza Goldfields Corp. wishes to take this opportunity to apologize to members of the general public for any inconvenience or confusion caused by this direct mail spam.Bonanza will cooperate fully with any regulatory questions or concerns related to this matter.For more information on Bonanza Goldfields Corp., please visit www.bonanzagoldfields.com.Certain statements contained in this news release that are not based on historical facts are "forward-looking statements" and are prospective. These statements may appear in a number of different places in this news release and can be identified by words such as "estimates", "projects", "expects", "intends", "believes", "plans", or their negatives or other comparable words. Forward-looking statements include statements regarding the outlook for Bonanza's future operations, plans and statements about future market conditions, su...
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Bonanza Goldfields cancels 14 million shares and updates shareholders on their four properties

PHEONIX, AZ, Oct. 1 /PRNewswire-FirstCall/ - Bonanza Goldfields Corp. (OTCBB: BONZ - News; "Bonanza") engages in the acquisition, exploration and development of natural resource properties located in the U.S., primarily in the State of Arizona. The Company owns a total of four unpatented placer mineral properties on 640 acres in the Black Rock Basin ("BRB Claim Group"), located 25 miles southwest of Wickenberg in Maricopa County, Arizona. Through prior, extensive sampling, BONZ has identified exceptionally high-grade values of gold, silver, lead and zinc anomalies within this Claim Group. Director Share Cancellation:Bonanza would like to announce the cancellation and return to treasury of 14,000,000 common shares held by our director, Romy Anne Ralph. This brings Bonanza's total issued and outstanding common shares to 58,100,000 of which 34,985,300 (60%) shares are restricted and held by our directors. The Company feels that this will enhance shareholder value.BRB Placer # 1 and # 2 update:On September 21, 2009 Bonanza filed its Notice of Intent (NOI) with the U.S. Bureau of Land Management (BLM). The Company expects to receive its final NOI approval from the BLM by October 21, 2009 at the latest. Upon approval being received from the BLM Bonanza has retained property manager, Gold Explorations LLC, whose team has in-depth experience in executing exploratory programs on BRB to begin trenching and sampling minerals from the BRB claims. The trench sites planned cover six gold soil anomalies that were ...
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Bonanza Goldfields acquires Claim No. 4 to capitalize on large gold vein target in the BRB

PHOENIX, Sept. 28 /PRNewswire-FirstCall/ - Bonanza Goldfields Corp. (BONZ:OTCBB) announced today that it has completed the strategic acquisition of a 160-acre unpatented placer mining claim (Claim # 4) located in the Northeast 1/4 Section 29 on the Black Rock Basin (BRB) in Mariopa County, Arizona. The property lies adjacent to the Company's recently acquired BRB Claim # 3, which was announced on September 24, 2009. "This recent acquisition is a potential boon for our shareholders. Combined with Claim # 3, we have double the capacity to capitalize on a prolific vein near the surface of the BRB. Future mapping and sampling along the vein will focus on small, specifically targeted areas. New exploratory programs in the near future will be designed to optimize results and have minimal impact to the environment," said Chris Tomkinson, president of Bonanza Goldfields Corp. "Gold Exploration shares our commitment to deploy innovative, eco-friendly and cost-effective exploratory drilling programs.About Bonanza Goldfields Corp.Bonanza Goldfields Corp. engages in the acquisition, exploration and development of natural resource properties in the United States, primarily in the State of Arizona. The Company currently owns four unpatented placer claims, totaling 640 acres in the Vulture Mining District on the Black Rock Basin (BRB) in Maricopa County, Arizona. Bonanza's mining claims have been proven to contain significant amounts of gold, silver and other metal-based deposits based on extensive sampling. Over the past two years, Bonanza has taken over 400 soil and rock chip samples from its first two BRB claims. Prior samples indicate gold up to 0.10 oz per ton, silver up to 7 oz per ton, lead over 20% and zinc over 30% per ton with some copper within claim boundaries. For more information, visit ...
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Bonanza Goldfields acquires Claim No. 3 in a proven gold-bearing district of the BRB

PHOENIX, AZ, Sept. 24 /PRNewswire-FirstCall/ - Bonanza Goldfields Corp (BONZ:OTCBB) announced today that it has acquired a 160-acre unpatented placer mining claim ("Claim # 3") located in the Southeast 1/4 Section 20 on the Black Rock Basin (BRB) in Maricopa County, Arizona. Previous sampling conducted by the property manager and seller, Gold Exploration LLC, has revealed that Claim # 3 contains a portion of a large, gold-bearing geological structure. "With this strategic acquisition, Bonanza has expanded its stake in another historically proven, gold-rich area of the BRB," said Chris Tomkinson, president of Bonanza Goldfields. "We believe our established infrastructure, technical expertise and natural resources in the BRB will enable us to quickly and profitably execute future exploratory drilling programs on our acquired claims. We are confident that Claim # 3, and additional acquisitions in the pipeline, can lead to increasing shareholder value."Co-founder of Gold Exploration LLC, Steve Karolyi, commented, "We believe now is a great buying opportunity for gold mining prospects. The BRB has plenty of untapped mining potential with favorable economics for future exploration, development and production of gold and other metals."For pictures and progress updates on Bonanza and its properties, please visit www.bonanzagoldfields.com.About Bonanza Goldfields Corp.Bonanza Goldfields Corp. engages in the acquisition, exploration and development of natural resource properties in the United States, primarily in the State of Arizona. The Company currently owns three unpatented placer claims, totaling 640 acres, located in the V...
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Bonanza Goldfields Successfully Files Notice of Intent with Bureau of Land Management

- Expects to Receive Final Approval Within 30 Days - PHOENIX, Sept. 23 /PRNewswire-FirstCall/ - Bonanza Goldfields Corp (BONZ:OTCBB) announced today that it has successfully filed its Notice of Intent (NOI) with the U.S. Bureau of Land Management (BLM) and posted the necessary reclamation bonding with the State of Arizona per the BLM. Management expects to receive final NOI approval from the BLM within the next 30 days.Gold Exploration LLC, Bonanza's exploratory and development partner, recently completed mapping and surveying on two unpatented placer claims located in the Black Rock Basin (BRB) of Arizona. Filing an NOI is the next step required in the process to begin exploratory drilling on the property. Upon approval of the NOI, Gold Exploration plans to begin trenching and sampling minerals from the backhoe trenches of these BRB claims. The trench sites planned cover six gold soil anomalies that were previously sampled and shown to contain gold and other precious metal reserves.Pending BLM's approval, backhoe trenching will commence its pre-determined sites. "The first phase of backhoe trenching is scheduled to begin next month. Our trench sites, or horizontal drill holes, are designed to locate gold, silver and base metal mineralization at bedrock," said Steve Karolyi, co-founder of Gold Exploration LLC. "We are very optimistic about the first phase of our work due to the quality of the anomalies and today's record-high gold prices, which are holding at around $1000 per ounce."Chris Tomkinson, CEO and president of Bonanza Goldfields Corp, said, "Gold Exploration is a valuable partner who has helped us expeditiously and seamlessly move forward with capitalizing on our two major mining claims. We are confident that an effective sampling program is in place and are looking forward to digging the first trenches next month pending...
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Bonanza Goldfields launches corporate website at www.bonanzagoldfields.com

PHOENIX, AZ, Sept. 22 /PRNewswire-FirstCall/ - Bonanza Goldfields Corp (BONZ:OTCBB), an exploration-stage gold mining company, is pleased to announce the official launch of its corporate website at www.bonanzagoldfields.com. The site provides detailed information on the Company's mining portfolio, geology-mineralization of the Black Rock Basin (BRB), plan of operations, management team and much more. "As a public company, our goal is to offer greater transparency to our shareholders, business partners and interested investors. Our new Website provides detailed, up-to-the-minute information as we reach new milestones and move through each phase of the exploration and development process on multiple properties. With a growth-through-acquisition strategy underway, the site is perfectly timed to showcase the value of our Company and attract a broader base of potential acquisition targets and investors," said Chris Tomkinson, president of Bonanza Goldfields Corp.About Bonanza Goldfields Corp.Bonanza Goldfields Corp. engages in the acquisition, exploration and development of natural resource properties in the United States, primarily in the State of Arizona. The Company currently owns four unpatented placer claims, totaling 640 acres, located in the Vulture Mining District on the Black Rock Basin (BRB) in Maricopa County, Arizona. Bonanza's mining claims have been proven to contain significant amounts of gold, silver and other metal-based deposits based on extensive sampling. Over the past two years, Bonanza has taken over 400 soil and rock chip samples from its first two BRB claims. Prior samples indicate gold up to 0.10 oz per ton, ...
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BONANZA GOLDFIELD CORP. Files SEC form 10-Q, Quarterly Report

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Management's Discussion and Analysis contains various "forward looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, regarding future events or the future financial performance of the Company that involve risks and uncertainties. Certain statements included in this Form 10-QSB, including, without limitation, statements related to anticipated cash flow sources and uses, and words including but not limited to "anticipates", "believes", "plans", "expects", "future" and similar statements or expressions, identify forward looking statements. Any forward-looking statements herein are subject to certain risks and uncertainties in the Company's business, including but not limited to, reliance on key customers and competition in its markets, market demand, product performance, technological developments, maintenance of relationships with key suppliers, difficulties of hiring or retaining key personnel and any changes in current accounting rules, all of which may be beyond the control of the Company. The Company adopted at management's discretion, the most conservative recognition of revenue based on the most astringent guidelines of the SEC in terms of recognition of software licenses and recurring revenue. Management will elect additional changes to revenue recognition to comply with the most conservative SEC recognition on a forward going accrual basis as the model is replicated with other similar markets (i.e. SBDC). The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including those set forth therein. Forward-looking statements involve risks, uncertainties and other factors, which may cause our actual results, performance or achievements to be materially different from those expressed or implied by s...
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