Bonanza president, CEO Marks resigns

Executive Summary

• Andrew Burgess appointed CEO; Dayton Marks resigns as President & CEO but remains a director.
• Alfredo De Lucrezia and John Pallot added to the board, with De Lucrezia also named President.
• Company announces upcoming Phase 1 (≈1,000 m) drill program on the MC property, targeting IP chargeability anomalies and historic polymetallic veins; a five‑year drilling permit is already in place.

Key Details

• Board Appointments: Alfredo De Lucrezia and John Pallot appointed directors; De Lucrezia also becomes President.
• Executive Changes: Dayton Marks resigns as President & CEO (remains director); Andrew Burgess, current director, appointed CEO.
• Resignations: Raymond Marks steps down as a director.
• Drill Program – Phase 1: Planned ≈1,000 m of core drilling on the MC property to test IP chargeability anomalies and gold‑silver‑copper bearing quartz‑carbonate veins identified in 2017 IP survey.
• Potential Phase 2: Contingent on positive results from Phase 1, a follow‑up drill program of ≈2,000 m is recommended.
• Drilling Permit: Five‑year permit already issued for the MC property.
• Historical Sampling Highlights (1979):
• 0.44 oz/t Au, 0.20 oz/t Ag, 0.30 % Cu over 6 m
• 0.12 oz/t Au, 0.20 oz/t Ag, 1.00 % Cu over 3 m
• 0.24 oz/t Au, 0.50 oz/t Ag, 1.90 % Cu over 3 m
• Soil Anomaly Geochemistry (Current): >50 ppb Au, >3 ppm Ag, >300 ppm Pb, >300 ppm Zn, >50 ppm Cu, >20 ppm As across a >1 km × 150‑200 m zone.

Notable Quotes

No direct quotes were provided in the release.