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Golden Phoenix Minerals Inc GPXM

Golden Phoenix Minerals, Inc. is a mining and exploration company. The Company's business includes acquiring mineral properties with production through exploration discoveries. The Company has property holdings in the Silver Peak Mining District near Tonopah, Nevada. The Company is focused on its mining properties in Nevada. The Company has entered into an agreement to acquire an interest in the Mhakari Properties, which include the Vanderbilt Silver and Gold Project, the Coyote Fault Gold and Silver Project and Galena Flat Gold Project, and claims that are an extension to the Coyote Fault property, all located adjacent to the producing Mineral Ridge property near Silver Peak, Nevada. As of September 30, 2015, the Company had the rights to 16 unpatented lode mining claims in three claim blocks consisted of 320 acres on Bureau of Land Management (BLM) lands in Esmeralda County, Nevada, located near the operating Mineral Ridge gold project (the North Springs Properties).


GREY:GPXM - Post by User

Post by TakeoverWEXon Dec 19, 2011 6:27pm
362 Views
Post# 19336166

NEW 43-101 will based on 470K ft of drilling

NEW 43-101 will based on 470K ft of drilling

“…they have historically done 380,000 feet of drilling…. we took one of eight mineralized zones that were drilled off, called the Drinkwater area, and we took approximately 50,000 feet of that drilling ….to form NI 43-101 on that zone.

...since that point in time, we've taken the remaining 320,000 feet of historical drilling, which is all in 25-foot centers and has outlined another seven additional pits…. we expect to release a new NI 43-101 reserve/resource report, which will include all the historical drilling in addition to the 150,000 feet we have drilled since the 2010 Micon report..."

470,000(380K + 150K) additional feet of drilling will comprise the updated 43-101 this spring.

The Mary mine was one of the zones NOT included in the drill results for the 2010 43-101.


https://finance.yahoo.com/news/Interview-With-Founder-And-twst-4242043857.html;_ylt=AoyECum2u3nZ3JJ1zt5t0BeiuYdG;_ylu=X3oDMTIxOWpoNzgxBG1pdANXaWRlIFF1b3RlcyBNb2R1bGUEcG9zAzM0BHNlYwNNZWRpYVJlY2VudFF1b3Rlc1BvcnRmb2xpb3NXaWRl;_ylg=X3oDMTFvdnRqYzJoBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANob21lBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3?x=0

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