Bonanza, Colorado
| Town of Bonanza, Colorado | |
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| Statutory Town | |
 Location in Saguache County and the state of Colorado |
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 Town of Bonanza, Colorado
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| Coordinates: 38°17′48″N 106°08′31″W / 38.296607°N 106.141873°WCoordinates: 38°17′48″N 106°08′31″W / 38.296607°N 106.141873°W | |
| Country |
 United States
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| State |
 State of Colorado
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| County | Saguache County |
| Incorporated | 1881-01-13, as the Town of Bonanza City |
| Government | |
| • Type | Statutory Town |
| Area | |
| • Total | 0.4 sq mi (1.1 km2) |
| • Land | 0.4 sq mi (1.1 km2) |
| • Water | 0 sq mi (0 km2) |
| Elevation | 9,478 ft (2,889 m) |
| Population (2010) | |
| • Total | 16 |
| • Density | 40/sq mi (15/km2) |
| Time zone | MST (UTC-7) |
| • Summer (DST) | MDT (UTC-6) |
| ZIP Code | Villa Grove CO 81155 |
| INCITS place code | 0807571 |
| GNIS feature ID | 0189929 |
| Highways | none |
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The Town of Bonanza is a Statutory Town located in Saguache County, Colorado, United States. Formerly known as Bonanza City, Bonanza is a largely abandoned former silver mining town. Bonanza is a Spanish language word meaning prosperity. The town population was 16 at the 2010 United States Census, ranking Bonanza as the second least populous municipality in the State of Colorado. The Villa Grove Post Office (ZIP Code 81155) now serves Bonanza.
In 1880, Tom Cooke of Salida, Colorado stumbled upon ore deposits while searching for horses. Prospectors flocked to this location and the town of Bonanza was founded. In the first two years of its existence, its population ballooned to between 1,000 and 1,500. At the time, population of mining towns was determined by the number of saloons and dance halls instead of a census taker and at this time, Bonanza had 36 saloons and 7 dance halls.
Bonanza is located at 38°17′42″N 106°8′25″W / 38.29500°N 106.14028°W (38.295138, −106.140158) at an altitude of 9500 feet.
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