American Bonanza – New Feasibility Study Shows 96.3% IRR

American Bonanza (TSX: BZA) announced yesterday the results of a feasibility study showing positive economics for production at its Copperstone project in Arizona.  The company plans to be in production in 2010.

Over 3 million shares traded yesterday closing up over 18% on the news.

Brian Kirwin, President and CEO of BZA is quoted saying:

“Copperstone has a very strong economic profile, significant infrastructure on-site, low capital costs, fast capital payback, a rapid permitting timeline, and excellent expansion potential near the proposed mine workings. Bonanza will stay focused on bringing Copperstone into production in 2010.”

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