Golden Phoenix der Moly - Produzent
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Hallo Leute,
weil der andere Thread von mir nicht richtig auf Goldden Phoenix hinweist mache ich heute einen neuen Thread auf. Inhaltlich verweise ich auf die Vorarbeit im anderen Thread.
http://www.ariva.de/Die_Produktion_wurde_aufgenommen_t227230
Bei den Werten kann man nur noch strahlen und was das m.E. für die Kursentwicklung in den nächsten Jahren bedeutet habe ich hier schon mehrfach berichtet.
Hier weiter langfristig investiert zu bleiben wird sich meines erachtens nach mehr als lohnen, da ist eine Kursentwicklung in den nächsten zwei/drei Jahren von bis zu 3,00 Euro durchaus realistisch.
http://www.stockwatch.com/swnet/utilit/utilit_snapsh_result.aspx
http://www.golden-phoenix.com/
http://www.stockwatch.com/swnet/newsit/...mbol=GPXM&news_region=U
http://www.golden-phoenix.com/documents/2007_0320_XS2.pdf
More high-grade Moly samples from Sylvia Vein 
Moly Oxide (USD per lb) $28.75
GOLDEN PHOENIX REPORTS PROGRESS AT ASHDOWN
MOLYBDENUM MINE; MINING CREWS ENCOUNTER FURTHER HIGHGRADE
SPARKS, NV, March 21, 2007 - Golden Phoenix Minerals, Inc. (OTC
Bulletin Board: GPXM - News) is pleased to report continued progress in
the development and production of molybdenum concentrates at the
Ashdown Project LLC mine, located in Humboldt County, Nevada.
Underground crews continue to extract molybdenite along the southern
section of the Sylvia sill drift. The crews blasted south approximately 135
feet, increasing the daily volume of mineralized rock being removed and
delivered to the mill. As drifting continued, the grade abruptly increased
along the last 35 feet. In-house face assays have returned values of 3%-
to-7% Mo, equivalent of up to $4,000 per ton value, awaiting confirmation
by outside labs. This is an exploratory drift running south from the known
high-grade zone in an area defined by little previous data. The width of
the vein has also expanded from between four-and-five feet to an average
of approximately eight feet, with some sections reaching up to 14 feet in
total thickness.
Work progresses on the development of a second high-grade stope
located in the main Sylvia zone to the north of the current mining. This
stope is designed to open two new faces within the known high-grade
portions of the vein over the coming weeks, and will replace the
previously developed stope access due to superior efficiencies in working
geometry and rock quality.
Development crews are also making excellent progress on the southwest
crosscut that will open access to the down-dip extension of the high-grade
zone. (Updated site maps are available at http://www.goldenphoenix.
com) This area, which lies about 110 feet down-dip from the
current working level, will provide access to an estimated 15,000-ton
block of mineralization within the expected highest-grade segment of the
vein. This represents approximately six-months production in addition to
that accessed by the upper stope. Over 110 feet of crosscut has been
blasted and is nearing intercept with the vein. When completed, this
crosscut will allow the opening of a number of new working faces in the
high-grade zones, giving more miners access to the higher quality
mineralization. Six additional miners have been added to the staff,
bringing the current total to 24 underground personnel. This has
increased both production and development activity throughout the mine.
David A. Caldwell, CEO and Chief Geoscientist for Golden Phoenix,
commented, “The discovery of the additional mineralization in the south
extension of the Sylvia drift highlights the potential for Future discovery on
the Ashdown property. We are currently planning to utilize targeted
geologic and geophysical methods that we believe are uniquely suited to
unlocking the true magnitude of this largely unexplored property.”
The mill has also increased its staff levels and is now capable of roundthe-
clock operation. The mill has been running continuously during March,
except for a five-day scheduled maintenance and upgrade period during
which mill feed continued to be stockpiled. The mill resumed production
on March 13, 2007 and continues to produce and bag moly concentrate
for near-term sale and shipment. Recoveries at the mill have improved
rapidly through this ramp-up period and are now generally up to 90-to-
95%, with concentrate values averaging 54% Mo. Work continues on the
metallurgy of the deposit, with variances in the mineralogical composition
of the moly-bearing rock being addressed through bench-testing at the
mill.
The 350-foot surface hole, which was drilled two months ago, has now
been accessed underground. This 12-inch hole provides communication
and ventilation to the deepest portions of the workings. A refuge chamber
is being constructed adjacent to the hole to provide the mine crews
additional safety support. It will also allow for the delivery of sand to
backfill and stabilize the active stopes as they are mined, opening the way
for full-scale stope mining to proceed.
Spring weather has arrived at the mine, with milder temperatures
facilitating all aspects of production. Water intrusion into the mine, which
occurred two months ago, has abated and the working conditions are
currently ideal.
Visit the Golden Phoenix Web site at http://www.Golden-Phoenix.com/
Golden Phoenix Minerals, Inc. is a Nevada-based mining company committed to
deliver value to its shareholders by acquiring, developing and mining superior
precious and strategic metal deposits in North America using competitive
business practices balanced by principles of ethical stewardship. Golden Phoenix
owns the Mineral Ridge gold and silver property near Silver Peak, Nevada, the
Northern Champion molybdenum mine in Ontario, Canada, and is
manager/operator and majority owner of the Ashdown Project LLC gold and
molybdenum property held jointly by Golden Phoenix Minerals, Inc. and Win-
Eldrich Mines, Ltd. of Toronto, Canada through its US subsidiary, Win-Eldrich
Gold, Inc.
Forward-Looking Statements. Certain statements included herein may contain forward-looking information within the meaning of
Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe
harbor created by those rules. All statements, other than statements of fact, including, without limitation, statements regarding
potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There
can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially
from those anticipated in such statements. The Company's actual results could differ materially from those anticipated in such
forward-looking statements as a result of a number of factors. These risks and uncertainties, and certain other related factors,
are discussed in the Company's Form 10-KSB, Form 10-QSB and other filings with the Securities and Exchange Commission.
These forward-looking statements are made as of this date and the Company assumes no obligation to update such forwardlooking
statements as a result of a number of factors.
CONTACT:
Golden Phoenix Minerals, Inc.
Robert Martin
President
775/853-4919
E & E Communications
Paul Knopick
949/707-5365
pknopick@eandecommunications.com
Source: Golden Phoenix Minerals, Inc.
http://www.golden-phoenix.com/documents/GPXMPR32107.pdf
Zeitpunkt: 29.03.07 01:13
Aktion: Forumswechsel
Kommentar: Regelverstoß (falsches Board)
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Thursday July 17, 5:00 am ET
SPARKS, Nev., July 17 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM - News) announced today that it has retained Equiti- trend Advisors LLC to implement a comprehensive investor communications and financial markets awareness program for the Company, beginning immediately. A San Diego-based firm, Equiti-trend performs a variety of communications support activities for public companies seeking results-oriented services.
ADVERTISEMENT
Robert P. Martin, President of Golden Phoenix, stated, "Equiti-trend brings with it the complete Investor Relations package; we are confident that its team will perform expertly and that their program is ideally suited to meet our needs. We have heard the call from our shareholders for increasing our communications program and we are answering that challenge aggressively."
"We look forward to our relationship with Golden Phoenix," said Tom Mahoney, Managing Partner of Equiti-trend. "We have assembled a team of articulate market professionals for this program, and they have been preparing diligently. Everyone is eager to begin telling Golden Phoenix's unique story to our investor audience."
Equiti-trend maintains telephone communications with a number of investors that have devoted a percentage of their investment portfolio to emerging growth stocks such as GPXM. Equiti-trend's team is active and their toll-free line is available to investors during and after market hours on every open market day.
"All current shareholders are encouraged to call our toll-free number for information about our GPXM program, as well as for updates on the Company," added Mahoney. "Our program is designed to complement and build upon the excellent work that Paul Knopick and E & E Communications is doing for Golden Phoenix, and we feel that this association will be a good fit all around."
For more information about Equiti-trend Advisors LLC, please visit their corporate website: http://www.equititrend.com. In addition, investors are encouraged to call Equiti-trend toll-free at (800) 953-3350 and speak with one of the firm's Investor Communications Representatives about Golden Phoenix.
About Golden Phoenix Minerals
Golden Phoenix Minerals, Inc. is a Nevada-based mining company committed to deliver value to its shareholders by acquiring, developing and mining superior precious and strategic metal deposits in North America using competitive business practices balanced by principles of ethical stewardship. Golden Phoenix owns the Mineral Ridge gold and silver property near Silver Peak, Nevada, the Northern Champion molybdenum mine in Ontario, Canada, and is majority owner of the Ashdown Project LLC gold and molybdenum property held jointly by Golden Phoenix Minerals, Inc. and Win-Eldrich Mines, Ltd. of Toronto, Canada through its US subsidiary, Win-Eldrich Gold, Inc.
Forward-Looking Statements:
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: This news release may contain statements that could be considered forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Words such as expects, anticipates, intends, plans, believes, sees, estimates and variations of such words and similar expressions are examples of such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein, due to many factors, as listed and described from time to time in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward- looking statement to reflect events or circumstances after the date of this press release.
Investor Relations for Golden Phoenix Minerals:
Equiti-trend Advisors LLC
(800) 953-3350 Toll-Free U.S. and Canada
(858) 436-3350 Local
PRESS CONTACT:
PAUL KNOPICK
E&E COMMUNICATIONS
949/707-5365
pknopick@eandecommunications.com
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| Boardmail an "Caramelos" |
Wertpapier: Golden Phoenix Minerals |
warten fetzt
und die Hymne wenn nicht heute dann halt morgen
Da GrB
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| Boardmail an "buran" |
Wertpapier: Golden Phoenix Minerals |
Nun versucht Golden Phoenix sein eigentliches Ziel zu verfolgen und zum Goldproduzenten aufzusteigen.
Mit Scorpion Gold http://www.golden-phoenix.com/documents/GPXMPR031110.pdf und Mhakari Gold http://www.golden-phoenix.com/documents/GPXMPR042310B.pdf gibt es bereits Verträge. Ob es was am Ende was wird bleibt eine spannende Geschichte!
hast ja gute Arbeit getätigt
bin mit soeiner Klitsche vor gut drei vier Jahren
voll auf die Schnauze gefallen
glaube Ammex war es
will mal hoffen dass ich jetzt das grosse Los gezogen habe
also mein Gewinn würde mir jetzt schon ausreichen für ein par Jährchen
auf Schleichfahrt
Da GrB
Optionen
| Boardmail an "buran" |
Wertpapier: Golden Phoenix Minerals |
geht auch der Kurs runter
*g*
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| Boardmail an "buran" |
Wertpapier: Golden Phoenix Minerals |
Tuesday, October 12, 2010 Golden Phoenix Will Host Shareholder Conference Call; Appear at Chicago Resource Expo
Friday, October 8, 2010 Golden Phoenix Signs Definitive Acquisition Agreement to Acquire 100% Interest in Ra Resources; Geophysical Program Completed; Drilling Program to Begin
Friday, October 8, 2010 Golden Phoenix Signs Binding MOU to Acquire 80% Interest in 5 Peru Properties Totaling Over 25 Square Miles; Expands Into Central and South America
Monday, October 4, 2010 Golden Phoenix Completes Phase I Sampling of Vanderbilt Silver and Gold Project; Grades Average 2.1 g/t Gold; 58.6 g/t Silver
Tuesday, September 28, 2010 Golden Phoenix Announces Stock Buyback Program
Friday, September 24, 2010 Golden Phoenix Enters Into Option Agreement to Repurchase 20,000,000 Warrants From Crestview Capital
Tuesday, September 21, 2010 Golden Phoenix Appoints Don Gunn to Board of Directors; Advances Royalty Mining Growth Strategy
Friday, September 17, 2010 Golden Phoenix Expands Technical Advisory Committee (TAC); Announces Transition of Kent Aveson From Board of Directors to TAC
Thursday, August 26, 2010 Golden Phoenix Signs July 2010 Option Agreement to Acquire 80% Interest in Mhakari Gold and Silver Project - 24 Month Acquisition Plan Continues
Wednesday, August 25, 2010 Golden Phoenix Advances 24 Month Acquisition Plan With July 2010 Signing of Purchase Agreement to Acquire 80% Interest in Vanderbilt Silver & Gold Project
Tuesday, August 17, 2010 Golden Phoenix Pays Off Remaining $1 Million Debt To Crestview Capital - Successful Conclusion To Debt Restructuring
Optionen
| Boardmail an "Teras" |
Wertpapier: Golden Phoenix Minerals |
2010-11-01-strammer-angang-golden-phoenix.png (verkleinert auf 93%)
Phoenix (GPXM): Three-nation rise
SILVER PEAK, Nevada – It has taken two weeks, a trip to a Nevada mine, eight hours in a truck and a miner’s dozen hours on conference calls, Skype and e-mail. But I finally figured it out.
Golden Phoenix (OTC:BB: GPXM, Stock Forum), two years ago a rubber-band’s width from Chapter 11 insolvency, has engineered a strategy for gold production, footprints in three nations and royalties that one day could become an El Dorado annuity of income for shareholders.
Longtime director and investment banker Thomas Klein is the earth mover in Golden Phoenix’s rise from the ash-pit. Mr. Klein joined Golden Phoenix during the 2007-’08 credit crisis. Since then, the 50-year-old Montreal resident has erased nearly all debt, settled lawsuits, downsized, eliminated royalty obligations and sealed what looks like a potent joint venture at Scorpio Gold’s Mineral Ridge Gold Project in Nevada.
On the face of it, Golden Phoenix looks like a hornet’s nest of 80-20 and 70-30 partnerships, earn-ins and negotiating hurdles. Not to mention the usual nail-biting about milling permits, equipment and of course, adjacent exploratory drilling at Mineral Ridge on properties called Coyote Ridge and Vanderbilt. Blow-by-Blow of three-nation rollout and principal properties: See presentation.
Yet some investors, including those with stakes in Canada-traded Scorpio Gold (TSX: V.SGN, Stock Forum) and USA-traded Golden Phoenix, are recognizing that Mr. Klein’s stubbornness might lead to an 11,000-acre district of high-grade gold and silver.
“Tom gets credit for bringing everyone to the table,” says Peter J. Hawley, an Ottawa-based executive at Scorpio Mining (TSX: T.SPM, Stock Forum) and as of Jan. 1, CEO of sister company Scorpio Gold. Mr. Hawley’s Scorpio Gold is running the Nevada venture with Golden Phoenix at mothballed Mary Mine and now emerging Mineral Ridge properties and joint venture. The mine and surrounding area from the late 1800s until its closing, because of the 1942 USA War Act, produced about 550,000 ounces of gold, with plenty of high-grade silver.
Our tour of the property came under the stewardship of Paul Dockweiler, a geologist, consultant and someone who gets credit for recognizing the mineralized quartz and intruding granites of the region. Paul and several potent analysts, investors and writers joined us on the tour this week. (Photo: Bob Moriarty, left, Paul, center, Tom Klein, right)
Paul and his Silver Spartan LLC consulting firm of Las Vegas were early into this historic mining area, approximately 5,600 feet altitude and fours’ northwest of Vegas. The 32-year-old Mr. Dockweiler claimed many of the parcels around here and also at one time served as lead geologist for Golden Phoenix Minerals, which is still contracting his services.
“See these granite foot walls,” Paul Dockweiler tells a small group of us, including Thomas Klein and Mr. Moriarty of www.321gold.com. “Tremendous potential for an open pit.”
The rig (photo here) on site is already stockpiling ore for crushing. Part of the intricate link with Scorpio Gold and the Mineral Ridge joint venture is a requirement that Mr. Hawley be producing gold for delivery if he is to raise his interests’ stake t0 80 percent of the venture from 70 percent. (All photos – Thom Calandra)
He wants it all
Mr. Hawley, a 54-year-old engineer and McGill-trained geologist, says gold output is almost a certainty by mid-2011, even with heap leach recoveries of just 60 percent to 65 percent. Better recoveries will require an on-site mill.
“Look, it takes three to four years to permit for a milling facility in Nevada and we have started that process so before the pad expires we will have built and started a mill,” Mr. Hawley says. “My interest is getting the entire 100 percent of everything here and that would be cash for Golden Phoenix based on a third-party assay of reserves and resources.”
Peter Hawley says his 2011 goal is for one million old-equivalent ounces in a “proven and probable” resource category. “In our Drinkwater pit we already have 375,000 ounces proven and probable,” he says. “I had a theory that the primary mineralization was around the Mary Mine. It was these north-40-west stress faults and north-northeast wrenching faults and a secondary pulse with large dilation zones, my theory that is. We drilled a hole to test one of my theories and we hit 46 feet of 1.1 ounces per ton gold.” That was three miles to the west of the open pit on-site here at Silver Peak, Nevada.
Mr. Hawley tells me Mr. Klein has come a long way in several years of de-toxing Golden Phoenix’s debt load, sloppy strategy and deadwood employees and directors. “Tom Klein mentioned this project to me and (Canada asset manager) Eric Sprott was an investor because of a Golden Phoenix moly mine (this one in the USA). But the company was truly distressed and between Tom and Eric they said this is a rebuild. We’ve done a lot of boot and hammer work since then, 450 samples … and 78 percent came back ore grade. That’s half-an-ounce of gold or better per ton.”
For his part, Thomas Klein acknowledges he is burning the Golden Phoenix candle at three ends: Shining Tree in Ontario, Peru (five properties) and Nevada. His Nevada take: “It is in Peter’s (Hawley) interest to make this a $1 billion project and to pay us $200 million.”
And for my part, I believe we’ll see Peter Hawley and the joint venture ramp up steady gold (and silver) production from the 53 miles of drifts beneath Mineral Ridge as soon as January or February 2011.
Next week, if all goes as planned with an intended property purchase, tiny Golden Phoenix will become entrenched in what appears to be Ontario’s latest hot-button gold district, Shining Tree. It’s halfway between Sudbury and Timmins.
A geologist at a company working in Ontario, Trueclaim Exploration (TSX: V.TRM, Stock Forum), describes Shining Tree as an east-west trending greenstone belt composed of archean felsic-calaalkaline-intermediate-felsic volcanic and metasedimentary rocks with intrusions of mafic to ultramafic rocks as well as later feldspar porphyrys.
Trueclaim’s Bob Komarechka says, “Currently a number of juniors are working in the area such as Goldeye (TSX: V.GGY, Stock Forum), Creso (TSX: V.CXT, Stock Forum), Temex and others. Most of the activity has been for gold exploration although interest in silver is becoming more active.” Trelawney Mining (TSX: V.TRR, Stock Forum) is also in the area.
Note: Thom Calandra owns none of the stocks in this report. Next week, Thom heads back to Nevada to see something at the southern end of the Carlin Trend. Ticker Trax, the subscriber report, today (Friday) cites two publicly- traded Colombia prospects – neither of them in the news -- that appear to be ripe for acquisition. And no, Seafield Resources most certainly is not one of them. See: www.tickertrax.com.
Ticker Trax™ Please see tickertrax.com to learn more about the subscriber service. For an index of free Thom Calandra articles, please click here. For an explanation of our strategies, research methods and disclosure procedures regarding of Ticker Trax and our Stockhouse reports, please visit our readily available Stockhouse articles at Stockhouse.com. Please see: Stockhouse articles – Core Box Revealed. Companies whose site tours I attend for research purposes pay part or all of my airfare and hotel. For the password-protected Ticker Trax library, please see: www.tickertrax.com/Login.aspx.
HOLDINGS: Thom’s holdings are listed for Stockhouse members at www.Stockhouse.com under the “portfolio setting” for user TCALANDRA. It is public and free to view. He owns shares of about 30 companies.
THOM CALANDRA of Ticker Trax helps his audience find value in a quagmire of investment choices. Thom was founding editor of MarketWatch, CBS MarketWatch and FT MarketWatch. He was the voice of Thom Calandra's StockWatch and The Calandra Report. Thom has been covering life-sciences and natural resources since 1988.
http://www.stockhouse.com/columnists/2010/dec/10/...national-up-comer
Sparks, NV, January 07, 2011
Golden Phoenix Completes $2.4 Million Private Placement, Oversubscribes by 20%; Buys Back and Cancels 12 Million Warrants as Part of Stock Buyback Program
SPARKS, NV, JANUARY 7, 2011 - Golden Phoenix Minerals, Inc. (the "Company") (OTC Bulletin Board: GPXM) is pleased to announce it has completed a $2.4 million private placement. Proceeds of the private placement will be used for acquisition, exploration and general corporate purposes. In a separate transaction, the Company has bought back and cancelled 12 million Warrants as part of its previously announced stock buyback program.
On December 31, 2010, the Company completed a private placement of 24,000,000 units at $0.10 per unit (the "Offering") pursuant to the terms of a Securities Purchase Agreement, dated December 22, 2010, between the Company and a number of accredited investors (the "Purchase Agreement"). Each unit consists of 1 share of the Company's common stock and 1 warrant to purchase a share of the Company's common stock at an exercise price of $0.15 per warrant share, exercisable for a period of 2 years. Although the Company initially anticipated raising up to $2,000,000 in the Offering, pursuant to the consent of the Board of Directors of the Company, an overallotment was approved and gross proceeds from the Offering as of December 31, 2010 totaled $2,400,000.
The Company has the right to redeem the warrants for $0.001 per warrant share in the event that the closing bid price of a share of the Company's common stock, as quoted on the OTC Bulletin Board under the symbol "GPXM," equals or exceeds $0.30 per share for ten (10) consecutive trading days following the date of the Purchase Agreement. If all the warrants are exercised, the Company could realize up to $3.6 million of additional funds for acquisition, exploration and general corporate purposes. Further disclosure regarding this transaction can be found in the Company's Form 8-K filed with the SEC on January 6, 2011.
In a separate transaction, on December 15, 2010, the Company entered into an assignment agreement (the "Assignment Agreement") with a third party purchaser (the "Assignee"). Pursuant to the Assignment Agreement, the Company assigned its option to purchase warrants for 3,000,000 shares of the Company's common stock in consideration for the Assignee's cash payment to the Company of $375,000, or $0.125 per warrant share. The Company held such option pursuant to those certain letter agreements between Crestview Capital Master, LLC ("Crestview") and the Company, as previously disclosed in the Company's SEC filings. Under the terms of the letter agreement with Crestview, the Company had the option to repurchase 15,000,000 warrants of the 23,000,000 warrants held by Crestview for a purchase price of $0.0285 per warrant share on or before December 15, 2010 (the "Option"), such warrants initially issued to Crestview as of February 6, 2009 in connection with that certain Bridge Loan and Debt Restructuring Agreement, dated January 30, 2009. After executing the Assignment Agreement, the Company retained its Option with respect to 12,000,000 warrants and the Assignee held the Option with respect to 3,000,000 warrants.
Following the execution of the Assignment Agreement, both the Company and the Assignee provided Crestview with a notice of exercise, and the parties exercised their respective portion of the Option, such that the Company purchased 12,000,000 of the warrants from Crestview and the Assignee purchased 3,000,000 of the warrants from Crestview, each at a purchase price of $0.0285 per warrant share. The Company has cancelled the 12,000,000 warrants it purchased. Further disclosure regarding this transaction can be found in the Company's Form 8-K filed with the SEC on December 20, 2010.
Please visit the Golden Phoenix website at: http://www.golden-phoenix.com.
Golden Phoenix Minerals, Inc. is a Nevada-based mining company whose focus is Royalty Mining in the Americas. Golden Phoenix is committed to delivering shareholder value by identifying, acquiring, developing and mining superior precious and strategic metal deposits throughout North, Central, and South America using competitive business practices balanced by principles of ethical stewardship. Golden Phoenix is a 30% joint venture partner with Scorpio Gold on the Mineral Ridge gold and silver property near Silver Peak, Nevada, and owns the Adams Mine and Duff Claim Block near Denio, Nevada, and the Northern Champion molybdenum mine in Ontario, Canada. Golden Phoenix has an option to earn an 80% interest in the Vanderbilt Silver and Gold Project, and the Coyote Fault Gold and Silver Project, both of which are adjacent to the Mineral Ridge gold and silver property near Silver Peak, Nevada. Golden Phoenix has entered into a Memorandum of Understanding to acquire an 80% interest in five gold and molybdenum properties in Peru; two on the Pataz Gold Trend in the north, and three in the Porvenir area in the south. Golden Phoenix has entered into a Definitive Acquisition Agreement to acquire a 100% interest in four gold and base metal properties in the Shining Tree Mining District in Ontario, Canada.
Source:
Golden Phoenix Minerals, Inc.
For More Information Contact:
Robert Ian, Director of Corporate Communications (775) 453-4741
robertian@golden-phoenix.com
Sparks, NV, March 1, 2011
Golden Phoenix Joint Venture Partner Scorpio Gold Has Activated Leach Pad for Gold Recovery at Mineral Ridge
SPARKS, NV, MARCH 1, 2011 - Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM) joint venture partner Scorpio Gold Corp. has begun the application of solution to the leach pad for gold recovery at its 70-per-cent-owned, fully financed, fully permitted Mineral Ridge gold project in Nevada.
Scheduling remains on track to commence processing of pregnant solution through the ARD plant to initially produce gold later this month.
Crushing, agglomeration and stacking of gold-bearing material mined by previous owners are continuing, and the application of leaching solution will increase as the various cell pads are configured. There are presently approximately 280,000 tons of the previously mined material available to be treated on the pad, after which material for the balance of 2011 will be mined from the Drinkwater pit.
Gold production, which is completely unhedged, is expected to reach a steady state by June and then continue to track positively in the second half of 2011.
Scorpio Gold's interest in the Mineral Ridge project is expected to increase to 80 per cent before year-end based on Mineral Ridge achieving two quarters of commercial production pursuant to its agreement with Golden Phoenix Minerals.
Peter J. Hawley, PGeo, president and chief executive officer, is Scorpio Gold's qualified person for the Mineral Ridge project.
Tom Klein, CEO of Golden Phoenix, summarizes this achievement: "It has been just one year since we closed the Mineral Ridge joint venture with Scorpio Gold. The efficiency of this project is a credit to Scorpio's production expertise and our ability to make projects production-ready."
Please visit the Golden Phoenix website at: http://www.golden-phoenix.com.
Golden Phoenix Minerals, Inc. is a Nevada-based mining company whose focus is Royalty Mining in the Americas. Golden Phoenix is committed to delivering shareholder value by identifying, acquiring, developing and mining superior precious and strategic metal deposits throughout North, Central, and South America using competitive business practices balanced by principles of ethical stewardship. Golden Phoenix is a 30% joint venture partner with Scorpio Gold on the Mineral Ridge gold and silver property near Silver Peak, Nevada, and owns the Adams Mine and Duff Claim Block near Denio, Nevada, and the Northern Champion molybdenum mine in Ontario, Canada. Golden Phoenix has an option to earn an 80% interest in the Vanderbilt Silver and Gold Project, and the Coyote Fault Gold and Silver Project, both of which are adjacent to the Mineral Ridge gold and silver property near Silver Peak, Nevada. Golden Phoenix has entered into a Memorandum of Understanding to acquire an 80% interest in five gold and molybdenum properties in Peru; two on the Pataz Gold Trend in the north, and three in the Porvenir area in the south. Golden Phoenix has entered into a Definitive Acquisition Agreement to acquire a 100% interest in four gold and base metal properties in the Shining Tree Mining District in Ontario, Canada.
Source:
Golden Phoenix Minerals, Inc.
For More Information Contact:
Robert Ian, Director of Corporate Communications (775) 453-4741
robertian@golden-phoenix.com
WKN: A1C45R
ISIN: CA80918M1041
SPARKS, NV, MARCH 31, 2011 - Golden Phoenix Minerals, Inc. (the "Company") (OTC Bulletin Board: GPXM) is pleased to announce CEO Thomas Klein and his management team will discuss the Company's anticipated 2011 exploration and production milestones on Saturday morning, April 16th, 2011 at the Chicago Resource Expo. The event will take place at the Holiday Inn Convention Center in Rolling Meadows, IL. Registration is free and is open to the general public.
Earlier that week, Golden Phoenix is hosting a private event for institutional investors in the heart of Chicago's financial district with guest speaker and Golden Phoenix Board member, Clyde Harrison. Mr. Harrison is Carl Icahn's former General Partner and a veteran of 25 years on the Options Exchange Floor. His topic is "Raw Materials: Boom or Bust."
To register for the Chicago Resource Expo please visit: www.ChicagoResourceExpo.com.
Institutional investors who would like to hear Mr. Harrison speak and meet Golden Phoenix management are invited to contact Robert Ian, Director of Corporate Communications at (775) 453-4741 or by email: robertian@golden-phoenix.com.
Further details for both events can be found on the Golden Phoenix website at: www.golden-phoenix.com.
Golden Phoenix Engages Telesto Nevada to Prepare Vanderbilt Silver and Gold Project for Exploratory Drilling Program
SPARKS, NV, AUGUST 25, 2011 – Golden Phoenix Minerals, Inc. (the “Company”) (OTC Bulletin Board: GPXM) is pleased to announce it has engaged Telesto Nevada, Inc. (“Telesto”) to prepare a Notice of Intent to conduct mineral exploration on its Vanderbilt claim group near the town of Silver Peak and adjacent to the Mineral Ridge gold project in Esmeralda County, NV.
Telesto will assist Golden Phoenix in map generation and reclamation calculations for a final determination of the bonding required prior to commencement of exploratory drilling on the Company’s Vanderbilt Silver and Gold Project. The scope of exploration will use existing disturbance and any new disturbance that is planned will be less than five acres.
“Golden Phoenix is beginning to advance its multi-project drill program as discussed on our recent conference call,” stated Tom Klein, CEO of Golden Phoenix. “We expect to announce developments on other projects in the near future.”
Telesto provides full-service consulting in engineering and science including design, construction, and construction management services. Telesto has extensive experience in the fields of geotechnical and civil engineering, hydrology, geology and geochemistry.
Golden Phoenix has an option to earn an 80% interest in the Vanderbilt Silver and Gold Project, and the Coyote Fault Gold and Silver Project, both of which are adjacent to the Mineral Ridge gold project near Silver Peak, Nevada. Golden Phoenix currently maintains a thirty percent (30%) interest in the Mineral Ridge Gold Project via its membership interest in Mineral Ridge Gold LLC, the joint venture entity that owns and operates the Mineral Ridge property with Scorpio Gold.
Please visit the Golden Phoenix website at: www.goldenphoenix.us.
About Golden Phoenix: Golden Phoenix Minerals, Inc. is a Nevada-based mining company whose focus is Royalty Mining in the Americas. Golden Phoenix is committed to delivering shareholder value by identifying, acquiring, developing and joint venturing gold, silver and strategic metal deposits throughout North, South and Central America. Golden Phoenix owns, has an interest in, or has entered into agreements with respect to mineral properties located in the United States, Canada, Panama and Peru including its 30% interest in the Mineral Ridge gold project near Silver Peak, Nevada.
Forward Looking Statements: Information contained herein regarding optimism related to the business, expanding exploration, development activities and other such statements are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and are subject to the safe harbors created thereby. While Golden Phoenix believes such statements are reasonable, they are based on current expectations, estimates and projections about the Company’s business and are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many factors including continued market prices for the Company’s mineral products, domestic and international business and economic conditions, and other risk factors listed in the Company’s Securities and Exchange Commission (SEC) filings under “risk factors” and elsewhere. The Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
For More Information Contact:
Robert Ian, Director of Corporate Communications
(702) 983-0469
investor@goldenphoenix.us
http://goldenphoenix.us/press-release/...xploratory-drilling-program/
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AMERICAN FORK, Utah, June 08, 2015 (GLOBE NEWSWIRE) -- Golden Phoenix Minerals Inc. (OTC Bulletin Board:GPXM) (“Golden Phoenix” or the “Company”) announced today that arbitration proceedings involving the Company and Pinnacle Minerals Corporation (“Pinnacle”) have been completed, and on June 4, 2015, the arbitrator ruled in favor of the Company and denied the claims of Pinnacle.
The arbitrator found that Pinnacle committed fraud in the sale to the Company of Pinnacle’s membership interest relating to a Peruvian mining venture. The arbitrator awarded damages to the Company totaling $573,469, comprised of the return of cash payments previously paid by the Company to Pinnacle, certain expenses paid by the Company towards mineral production in Peru, and attorneys’ fees. In addition, notes payable to Pinnacle totaling $440,000 previously recorded by the Company were extinguished pursuant to the arbitration ruling.
On May 22, 2013, Pinnacle, a Florida corporation, sued the Company, seeking payments allegedly due on two promissory notes issued in connection with a membership interest purchase agreement entered into as of March 7, 2011 relating to a Peruvian mining venture. The case was filed in the United States District Court for the District of Nevada, and the Company filed a motion to stay the litigation and compel arbitration pursuant to a provision of the subject purchase agreement. Based on negotiations, and agreement and stipulation between the parties, this case was dismissed on July 22, 2013. The parties submitted the dispute to binding arbitration in Reno, Nevada.
About the Company: Golden Phoenix Minerals Inc. is a U.S. mining company with a current growth strategy focused on the expansion of operations through the development of gold and silver mineral properties into joint ventures or royalty mining projects. The Company’s current mineral properties consist of options to acquire interests in the Mhakari and North Springs properties in Nevada. More information on the Company can be found at www.goldenphoenix.us.
Forward-Looking Statements: Information contained herein regarding pending legal matters or strategy, optimism related to the business, expanding exploration, development activities and other such statements are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and are subject to the safe harbors created thereby. While the Company believes such statements are reasonable, they are based on current expectations, estimates and projections about the Company's business and are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description limited herein due to many factors including continued market prices for the Company’s mineral products, domestic and international business and economic conditions, and other risk factors listed in the Company's Securities and Exchange Commission (SEC) filings under “risk factors” and elsewhere. The Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.
For More Information, Contact:Golden Phoenix Investor RelationsTelephone (801) 418-9378Email: investors@goldenphoenix.us
http://www.goldseiten.de/artikel/...Pinnacle-Arbitration-Hearing.html
