Golden Phoenix Minerals Inc GPXM

Metals & Mining Gold Industrial Metals & Minerals

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).

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Golden Phoenix Minerals Inc

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Post by tooclassyon Jan 06, 2007 11:23pm

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Post# 11968307

Ashdown operating agreement

See: https://www.sec.gov/Archives/edgar/data/1042784/000100127706000422/ex10-1.htm In particular, see article VII, pages 27,28,and 29 regarding remedies [including those which Golden Phoenix is using]. See Article 10.1 regarding the method of giving notices, and 7.1 that shows the requirement to give detailed monthly statements. Though Golden Phoenix has remedies, they needed to follow the procedures of 7.1 and 10.1 - in other words, Win-Eldrich has rights and protections here also.

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