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Galaxy acquires new gold projectThe news feeds on this site are independently provided by Adfero Limited © and do not represent the views or opinions of the World Gold Council. Tuesday, 22nd March 2005 (4091 views) US mining company Galaxy Minerals has announced it has acquired the Bonanza Gold project in Arizona.<br/><br/>The project has a potential of 0.33 ounces of gold per tonne and 50 million tonnes of ore to be processed.<br/><br/>According to a statement from the company, the project could hold potential reserves of up to 16 million ounces of gold.<br/><br/>The project is situated in an area that also houses the multi-million ounce Mesquite, Picacho and Copperstone gold mines.<br/><br/>Galaxy Minerals is based in Florida, and has mines and exploratory properties in Arizona and Peru.<img alt="track" src="http://directnews.dehavilland.co.uk/dn.gif?feedid=196&itemid=8090899"/>
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