Bonanza Goldfields Corporation (BONZ) announced that will in the course of the last several months, new management has been elected and has started redirecting the company’s business development plans to target exploration and production opportunities. Bonanza is planning on focusing on gold and mineral projects in North and South America to add additional value to the company’s existing portfolio.
David Janney, Bonanza Goldfields CEO, stated:
In the last 60 days we have selected several properties that we are currently negotiating to acquire or potentially develop joint venture relationships as we begin our expansion efforts.
I strive to surround myself with the most seasoned and energetic people I can find and am very excited about the caliber of individuals that are joining this team. Bonanza is building a strong management group rapidly making moves to grow this company organically through drilling, expanding and proving value in 2011.