justified through faith
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
ROCA-MAX Molybdenum Mine Development Update
NOVEMBER 29, 2006 - 19:35 ET
VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 29, 2006) - Roca Mines Inc. (TSX VENTURE:ROK) ("Roca" or the "Company") provides the following update on construction and development activities at the MAX Molybdenum Project, located 60 kilometres (36 miles) southeast of Revelstoke, British Columbia.
The Trout Lake area, like much of British Columbia, has suffered extreme weather conditions over the past month. Weather stations in Revelstoke reported more than twice the average monthly precipitation for November, causing many industrial, transportation and municipal operations throughout the region to be slowed or closed.
While November's weather conditions have marginally impacted construction at the MAX mill and plantsite facilities, underground development has been unaffected. The most challenging aspect of the recent weather on the project development has been the construction of the tailings facility and specifically, the earthfill dams. This component of the project has faced various unforeseen construction issues related to persistent precipitation since late October and the use of moisture-sensitive earthfill borrow sources.
The Company's engineers and contractors are now substituting quarried rockfill to allow for construction of the dams during weather events. As a result of these construction challenges and changes to the scope of work in the tailings area, the production startup for the MAX Molybdenum Project will be delayed by approximately three months and is now planned for late Q1 2007.
Roca is also concentrating on expanding underground mine production and accelerating assembly of the second 500 tpd mill circuit to a total mill capacity of approximately 1,000 tpd. Expansion of these two key elements of the project will provide tremendous surplus capacity and scheduling flexibility for the project. This will allow the MAX mine to meet its production target of two back-to-back production runs of 75,000 tonnes each by the end of calendar-2007.
The permitted Phase I mine plan for MAX will focus on the deposit's High-Grade Zone containing 280,000 measured and indicated tonnes grading 1.95 per cent MoS2 (refer to T.N. Macauley's 43-101 compliant technical report dated September, 2004). Molybdenum currently trades in the US$25-26 per pound range and is a key alloy in the manufacture of stainless and specialty steel, including pipelines and other energy-related steel infrastructure.
ROCA MINES INC.
Scott E. Broughton, P.Eng. - President & CEO
http://www.ccnmatthews.com/news/releases/show.jsp?action=showRelease&searchText=false&showTe....
WEB Update
LATEST ADDITIONS
•11/28 BLM issues bond approval; Ashdown mine and mill in compliance for full-scale operation
http://www.golden-phoenix.com/
Golden Phoenix Minerals
From the Nov. 1, 2006 PR
“Approval of the Plan of Operations makes Ashdown the first new U.S. molybdenum mine to come on line during the current commodity bull market. The mine’s reclamation plan has also been approved by BLM and $216,518 bond, posted on October 19, 2006, is awaiting processing for final acceptance. Prior to bond clearance, mining and milling activities are scaling up under a pre-existing bulk sample permit.”
Golden Phoenix Minerals Update
LATEST ADDITIONS
•11/28 BLM issues bond approval; Ashdown mine and mill in compliance for full-scale operation
http://www.golden-phoenix.com/
Ashdown Update
November 21, 2006
Johnny, Ed and Terry take a short break from their work in the Sylvia South Zone. This underground crew is blasting and slushing the moly vein, working up-dip to build out the initial raise. The raise is being split offf into left and right stopes, and miners will be scramming along the vein and slushing the material down chutes to the loading area below. The work is focused on staying within the high-grade structures, which are visually determined at the face. Note the mineralization in the upper left area of the photo. Much of the bue-gray coloration denotes molybdenite, of which similar samples have been assayed to show grades of 5-20% Mo. Also note the care with which the working area has been framed. The timber work is essential to stabilzing the workings. While the hanging wall and foot wall are generally competant and hard as a miners head, the ground can be blocky and requires support in select areas.
Earl is seen, below, sitting in front of a working face. Note the workmanship of the timbering, as the crews develop the raise and load out areas methodically. High-grade material, with which to feed the mill, is being stockpiled. Because this work week is shortened due to Thanksgiving, the crews have been concentrating on building up a supply of mill feed with which to fire up the mill next week. Mill crews continue to work with the metallurgists to adjust the mill chemistry and processing circuits in preparation for production runs.
http://www.golden-phoenix.com/
Web Update http://www.golden-phoenix.com/ashdown.htm
Ashdown Update
November 21, 2006
Johnny, Ed and Terry take a short break from their work in the Sylvia South Zone. This underground crew is blasting and slushing the moly vein, working up-dip to build out the initial raise. The raise is being split offf into left and right stopes, and miners will be scramming along the vein and slushing the material down chutes to the loading area below. The work is focused on staying within the high-grade structures, which are visually determined at the face. Note the mineralization in the upper left area of the photo. Much of the bue-gray coloration denotes molybdenite, of which similar samples have been assayed to show grades of 5-20% Mo. Also note the care with which the working area has been framed. The timber work is essential to stabilzing the workings. While the hanging wall and foot wall are generally competant and hard as a miners head, the ground can be blocky and requires support in select areas.
Earl is seen, below, sitting in front of a working face. Note the workmanship of the timbering, as the crews develop the raise and load out areas methodically. High-grade material, with which to feed the mill, is being stockpiled. Because this work week is shortened due to Thanksgiving, the crews have been concentrating on building up a supply of mill feed with which to fire up the mill next week. Mill crews continue to work with the metallurgists to adjust the mill chemistry and processing circuits in preparation for production runs.
S-8 out
http://www.secinfo.com/duhPy.vFx.htm
From EX-4:
GOLDEN PHOENIX MINERALS, INC.
2006 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN
1. PURPOSE. The purpose of this Plan is to provide incentives to attract, retain and motivate Non-Employee Directors whose present and potential contributions are important to the success of the Company, or a Subsidiary of the Company, by offering them an opportunity to participate in the Company’s future performance through awards of Options. This Plan is not intended to replace any current plan of, or awards issued by, the Company, nor will it limit the ability of the Company to create additional or new plans, or to issue additional or new awards. Capitalized terms not defined in the text are defined in Section 21.
2. ADOPTION AND STOCKHOLDER APPROVAL. This Plan will be approved by the shareholders of the Company, consistent with applicable laws, after the date this Plan is adopted by the Board. No Option will be granted after termination of this Plan but all Options granted prior to termination will remain in effect in accordance with their terms. The effective date of this Plan is October 23, 2006 (the “Effective Date”). So long as the Company is subject to Section 16(b) of the Exchange Act, the Company will comply with the requirements of Rule 16b-3 (or its successor), as amended.
3. TERM OF PLAN. Unless earlier terminated as provided herein, this Plan will terminate ten (10) years from the date this Plan is adopted by the Board.
4.
SHARES SUBJECT TO THIS PLAN.
4.1.
Number of Shares Available. Subject to Section 4.2, the total number of Shares reserved and available for awards of Options will be 2,000,000 Shares (the “Maximum Number”).
4.1.1. Future Options. Subject to Section 4.2 and to the fullest extent permissible under Rule 16b-3 under the Exchange Act and any other applicable laws, rules and regulations, (i) if an Option is canceled, terminates, expires, is forfeited or lapses for any reason without having been exercised or settled, any shares of Stock subject to the Option will be added back into the Maximum Number and will again be available for the grant of an Option under the Plan; and (ii) the number of shares of Stock withheld to satisfy a Participant’s minimum tax withholding obligations will be added back into the Maximum Number and will be available for the grant of an Option under the Plan. Also, only the net numbers of Shares that are issued pursuant to the exercise of an Option will be counted against the Maximum Number.
However, in the event that prior to the Option’s cancellation, termination, expiration, forfeiture or lapse, the holder of the Option at any time received one or more elements of “beneficial ownership” pursuant to such Option (as defined by the SEC, pursuant to any rule or interpretations promulgated under Section 16 of the Exchange Act), the Shares subject to such Option will not again be made available for re-grant under the Plan.
Last Friday, I received this reply to my Chat Shack question regarding the Northern Champion property status:
Hi Ernie,
Our Canadian friends in Northern Champion have encouraged us to put money into geological development, not repayment to them, at this time. They understand that GPXM is busy putting Ashdown into production and are happy to wait for their payments until that production is flowing. In the meantime, we are working with them to develop the property and keep the permits current. Best regards,
Rob
"The Mining Record" article on Ashdown Mill - Golden Phoenix web site
http://www.golden-phoenix.com/documents/Ashdown.pdf
Hi Belgie24, he responded to an e-mail I sent in Oct. Things may have changed since then, who knows. See attached:
Thu, 12 Oct 2006 20:52:57 -0700
"Seacoast Publishing" <consulting@seacoastpub.com>
At 06:49 AM 10/4/2006 -0700, you wrote:
I'm interested in the following article:
The Golden Phoenix Posse - Perceptions, Expectations, and Reality
Written by D. Stewart Armstrong
Monday, 24 April 2006
The second paragraph starts with:
"We’ve only Just Begun…to move! I’m going to renew my buy recommendation on Golden Phoenix. It is my opinion that it is going to be at $1.00 within the next six months and at $3.00 within the next two years."
Is this still your opinion?
Thank you,
Ernie
Yes, Ernie it still is and I hope to have a report out on GPXM in the near future--Stewart
GPXM.OB Golden Phoenix Minerals, Inc.
Table 1. LIST OF ASHDOWN PERMITS AND APPROVALS
As of November 12, 2006 - Permitting Completed
http://www.golden-phoenix.com/documents/111206AshdownPermitTable.pdf
GPXM.OB Golden Phoenix Minerals, Inc.
Ashdown Update
November 10, 2006
With the arrival to the mill of the first high-grade mineralization from the Sylvia South Zone, the Ashdown staff has turned its attention to the science and art of making a molybdenite concentrate that meets international industry specifications. The mill feed arriving from the crusher to the ball mill last Saturday was estimated to average 8-10% Mo. The result, as it was moved through the mill circuits was what you see in the photo, above. This froth contains a high concentration of moly together with a number of other constituents including lead, zinc, iron and copper. To meet spec, the final product will contain a minimum of 50% Mo, and certain other metals must be "depressed" to varying percentages. Specimens taken from last Saturday's concentrates are being analyzed by outside labs to determine the makeup and structure of the material in order to begin to design the most efficient methodologies to process and deliver a quality product. This requires a combination of scientific measurement and analysis together with the application of experienced "hands-on" mine and mill practices. The team's focus is on making saleable production happen as soon as possible, in an accountable and verifiable manner.
Inside the mine, crews are blasting a raise through the high-grade vein. Mineralized material is being stockpiled while the workings are being developed. Some timbering is involved, and once the raise has advanced, scrams can be run, left and right, along the vein structure.
http://www.golden-phoenix.com/ashdown.htm
Ashdown Update
November 10, 2006
With the arrival to the mill of the first high-grade mineralization from the Sylvia South Zone, the Ashdown staff has turned its attention to the science and art of making a molybdenite concentrate that meets international industry specifications. The mill feed arriving from the crusher to the ball mill last Saturday was estimated to average 8-10% Mo. The result, as it was moved through the mill circuits was what you see in the photo, above. This froth contains a high concentration of moly together with a number of other constituents including lead, zinc, iron and copper. To meet spec, the final product will contain a minimum of 50% Mo, and certain other metals must be "depressed" to varying percentages. Specimens taken from last Saturday's concentrates are being analyzed by outside labs to determine the makeup and structure of the material in order to begin to design the most efficient methodologies to process and deliver a quality product. This requires a combination of scientific measurement and analysis together with the application of experienced "hands-on" mine and mill practices. The team's focus is on making saleable production happen as soon as possible, in an accountable and verifiable manner.
Inside the mine, crews are blasting a raise through the high-grade vein. Mineralized material is being stockpiled while the workings are being developed. Some timbering is involved, and once the raise has advanced, scrams can be run, left and right, along the vein structure.
http://www.golden-phoenix.com/ashdown.htm
Web site updated......Drill rig at Ashdown putting in a 12-inch service hole to the South Zone Sylvia workings.
Ashdown Update
http://www.golden-phoenix.com/ashdown.htm
Can you SMELL what the ASHDOWN is cookin'???
North Zone raise completed: Earl Harrison next to moly vein exposed for start of sampling
http://www.golden-phoenix.com/
RE:<<Ray's Boathouse.... special guest scheduled, with the initials of RM>>
RM, eh? Let’s see……..
Rémy Martin
Raging Monster
Raspberry Martini
Red Malibu
Rigor Mortis
Russian Margarita
Give him my best, and “damn the torpedoes full speed ahead”.
Mav
Yes under LATEST ADDITIONS
* 4/5 'Whole rock assay' results are in, as new moly samples arrive (more)
http://www.golden-phoenix.com/
Rock assay grades 5.35% moly from Ashdown North Zone as new sample arrives for testing
Work at the mine continues with development of access to the strike and preparation of a temporary refuge chamber in accordance with MSHA requirements. Crews are extending utilities and expanding the infrastructure in order to support the bulk sampling to follow. The existing fabric air ducting which brings ambient air to the workings is being replaced with steel piping, which will reduce line loss and increase air flow to the miners and their diesel equipment. Electrical power and high pressure air is being upgraded as well. Crews are blasting and drifting toward the footwall in order to eventually establish the draw points and scrams. Mineralized material is being encountered in this process, and samples, such as the one above, continue to indicate positive showings for molybdenite along the North Zone.
The "whole rock assay" performed on the sample represented by the slabs in the photo (below) ran 5.35% for the competent vein material (marbleized pieces at top of photo) and 2.94% for the clay component (larger bottom piece).
http://www.golden-phoenix.com/
I did. Did you see the same yellow streaks? Wow!
3/24 Report: 'Moly to see strong growth and very tight supply'
http://www.golden-phoenix.com/documents/TheEconomicsofMolybdenum.pdf
Golden Phoenix Reaches Ashdown Molybdenum Zone, Stope Development Begins
1:18 PM EST March 16, 2006
Following a seven-month multi-million dollar effort to drive 425 feet of new workings and rehabilitate 380 feet of pre-existing decline, Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM) is proud to announce that its mining crews have reached the Sylvia molybdenum vein at the Ashdown Mine in Humboldt County, Nevada. Underground mining crews arrived at the North Zone molybdenum occurrence on Thursday morning, March 16, 2006, from where they will begin stope development for a bulk-sampling program in advance of full-scale molybdenum production.
The mineralization reached is part of a larger body of molybdenum disulfide running north-to-south along a 900-foot strike within the 4500-foot long Sylvia fault, which traverses the property. The mineral body is divided into the North and South Zones, connected by 650 feet of pre-existing decline. Its true dimensions are subject to extension as exploration and development work continues in order to define the resource and reserve potential of mineralization along the length of the Sylvia fault.
The North Zone is known from previously mapped vein intersections sampled by the original developer inside the old workings. Channel samples taken at four exposures range from 1.0 to 4.0 feet wide and grade between 0.7% and 5.0% elemental molybdenum (Mo). The true thickness and grade of the North Zone will be confirmed by driving sublevel development drifts to define tons and grade prior to initiating full scale mining. A portion of a 1000-ton bulk sample approved by the Bureau of Land Management will be removed from this Zone for metallurgical testing and mill optimization. The initial sample is expected to grade between 1.5% and 2% elemental molybdenum and will be used to fine-tune the Ashdown mill for future production.
The South Zone is known from past mapping to contain the high-grade Sylvia Shoot, which is the primary molybdenum target initially selected for full-scale mining. The Sylvia Shoot is approximately 200 feet long with recorded grades of between 1.2% and 15.6% Mo. As previously reported, the Sylvia Shoot is estimated to contain approximately 21,550 tons of mineralized material grading 5.8% Mo after accounting for 30% dilution expected during mining.
In the coming weeks, a crosscut will be driven across the mineralization into the footwall of the vein where a draw point will be excavated. A raise will then be driven about 20 feet vertically from the end of the draw point to intercept the vein. Miners will drift along the vein extracting the material for the flotation test. While these activities are proceeding, a separate crew will continue to refurbish the existing decline down to the high-grade South Zone. Once the Sylvia Shoot is reached, access to the vein will be developed prior to extracting a bulk sample from that area.
The bulk-sampling program is designed to define the economic parameters of the North and South Zones and prove economic viability prior to initiation of full-scale mining. Concurrent with this sampling effort, Golden Phoenix is completing a seven-month construction phase of its 100-ton flotation mill, located two miles from the mine. The mill is scheduled for commissioning upon the commencement of bulk sampling.
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, and is manager/operator of the Ashdown gold and molybdenum property in Humboldt County, Nevada.
Visit the Golden Phoenix Web site at http://www.Golden-Phoenix.com/
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 forward-looking statements as a result of a number of factors.
CONTACT: Golden Phoenix Minerals, Inc. Robert Martin Director of Corporate Development 775/853-4919 E & E Communications Paul Knopick 949/707-5365 pknopick@eandecommunications.com
SOURCE Golden Phoenix Minerals, Inc.
Robert Martin, Director of Corporate Development of Golden Phoenix Minerals, Inc., +1-775-853-4919; or Paul Knopick of E & E Communications, +1-949-707-5365, pknopick@eandecommunications.com, for Golden Phoenix Minerals, Inc.
http://www.prnewswire.com
Golden Phoenix Reaches Ashdown Molybdenum Zone, Stope Development Begins
1:18 PM EST March 16, 2006
Following a seven-month multi-million dollar effort to drive 425 feet of new workings and rehabilitate 380 feet of pre-existing decline, Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM) is proud to announce that its mining crews have reached the Sylvia molybdenum vein at the Ashdown Mine in Humboldt County, Nevada. Underground mining crews arrived at the North Zone molybdenum occurrence on Thursday morning, March 16, 2006, from where they will begin stope development for a bulk-sampling program in advance of full-scale molybdenum production.
The mineralization reached is part of a larger body of molybdenum disulfide running north-to-south along a 900-foot strike within the 4500-foot long Sylvia fault, which traverses the property. The mineral body is divided into the North and South Zones, connected by 650 feet of pre-existing decline. Its true dimensions are subject to extension as exploration and development work continues in order to define the resource and reserve potential of mineralization along the length of the Sylvia fault.
The North Zone is known from previously mapped vein intersections sampled by the original developer inside the old workings. Channel samples taken at four exposures range from 1.0 to 4.0 feet wide and grade between 0.7% and 5.0% elemental molybdenum (Mo). The true thickness and grade of the North Zone will be confirmed by driving sublevel development drifts to define tons and grade prior to initiating full scale mining. A portion of a 1000-ton bulk sample approved by the Bureau of Land Management will be removed from this Zone for metallurgical testing and mill optimization. The initial sample is expected to grade between 1.5% and 2% elemental molybdenum and will be used to fine-tune the Ashdown mill for future production.
The South Zone is known from past mapping to contain the high-grade Sylvia Shoot, which is the primary molybdenum target initially selected for full-scale mining. The Sylvia Shoot is approximately 200 feet long with recorded grades of between 1.2% and 15.6% Mo. As previously reported, the Sylvia Shoot is estimated to contain approximately 21,550 tons of mineralized material grading 5.8% Mo after accounting for 30% dilution expected during mining.
In the coming weeks, a crosscut will be driven across the mineralization into the footwall of the vein where a draw point will be excavated. A raise will then be driven about 20 feet vertically from the end of the draw point to intercept the vein. Miners will drift along the vein extracting the material for the flotation test. While these activities are proceeding, a separate crew will continue to refurbish the existing decline down to the high-grade South Zone. Once the Sylvia Shoot is reached, access to the vein will be developed prior to extracting a bulk sample from that area.
The bulk-sampling program is designed to define the economic parameters of the North and South Zones and prove economic viability prior to initiation of full-scale mining. Concurrent with this sampling effort, Golden Phoenix is completing a seven-month construction phase of its 100-ton flotation mill, located two miles from the mine. The mill is scheduled for commissioning upon the commencement of bulk sampling.
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, and is manager/operator of the Ashdown gold and molybdenum property in Humboldt County, Nevada.
Visit the Golden Phoenix Web site at http://www.Golden-Phoenix.com/
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 forward-looking statements as a result of a number of factors.
CONTACT: Golden Phoenix Minerals, Inc. Robert Martin Director of Corporate Development 775/853-4919 E & E Communications Paul Knopick 949/707-5365 pknopick@eandecommunications.com
SOURCE Golden Phoenix Minerals, Inc.
Robert Martin, Director of Corporate Development of Golden Phoenix Minerals, Inc., +1-775-853-4919; or Paul Knopick of E & E Communications, +1-949-707-5365, pknopick@eandecommunications.com, for Golden Phoenix Minerals, Inc.
http://www.prnewswire.com
THE EXPANDING ROLE OF MOLYBDENUM IN WORLD COMMERCE
http://www.golden-phoenix.com/documents/SingletonMolyArticle.pdf
Weeeeeeeee!
Borrowed from RB BC
World moly demand forecast to be strong through 2009
http://www.golden-phoenix.com/documents/InternationalMolybdenumProjections.pdf
Golden Phoenix to Introduce Its Ashdown Molybdenum Project at Precious Metals Conference in San Francisco
3:59 PM EST November 22, 2005
Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM) is pleased to announce that it will introduce its Ashdown Molybdenum Joint Venture at the upcoming Gold & Precious Metals Investment Conference in San Francisco, the largest resource investment conference in the U.S.
This year's conference is being held on November 27-28 at the San Francisco Marriott, 55 - 4th Street. Representatives from Golden Phoenix will be at Booth 104, titled "The Ashdown Moly Project." David A. Caldwell, Chief Geoscientist for Golden Phoenix, will be in attendance and said, "My staff and I welcome this opportunity to explain the emerging story of molybdenum to conference attendees."
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 the western United States using competitive business practices balanced by principles of ethical stewardship.
Visit the Golden Phoenix Web site at http://www.Golden-Phoenix.com/
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 forward- looking statements as a result of a number of factors.
CONTACT: Golden Phoenix Minerals, Inc. Robert Martin Director of Corporate Development 775/853-4919 E & E Communications Paul Knopick 949/707-5365 pknopick@eandecommunications.com
SOURCE Golden Phoenix Minerals, Inc.
Robert Martin, Director of Corporate Development of Golden Phoenix Minerals, Inc., +1-775-853-4919; or Paul Knopick of E & E Communications, +1-949-707-5365, pknopick@eandecommunications.com, for Golden Phoenix Minerals, Inc.
http://www.prnewswire.com
Golden Phoenix Applies for Full-Scale Gold Mill at Its Mineral Ridge Mine; Planned Idling of Heap Leach Nears
5:00 AM EDT August 19, 2005
Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM) has notified the Bureau of Land Management and the Nevada Division of Environmental Protection of its intent to modify the Mineral Ridge Plan of Operations (POO) to allow the addition of a full-scale milling facility at its 3800-acre gold property located near Silver Peak, Nevada. The plan calls for building an on-site mill to process the high-grade ores, supplemented by use of the heap-leach to process lower-grade material.
As part of its strategy to optimize production at the property, Golden Phoenix is preparing to place the current heap-leach operation on stand-by so as to preserve the mine's contained gold resource until it can be economically processed under the modified POO. The leach pad will be idled in the coming weeks as gold recovery drops below its economic threshold due to depletion. Personnel will remain on site to monitor and maintain the facilities and assist in development of the expanded mill and mine plans.
A comprehensive review of the past performance of selective underground mining at Mineral Ridge has lead Golden Phoenix to re-evaluate the one method of extraction that has proven to be economic: milling. Metallurgical testing by the Company and performance records from historic mill operations indicate that a gold recovery rate of 90% or greater is achievable. The Company's new three-tiered approach is to make modifications to the POO; preserve the existing gold resource until it can be economically extracted; and actively identify and explore the zones of mill-grade gold mineralization. A project timeline will be developed after additional engineering work has been completed.
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 the western United States using competitive business practices balanced by principles of ethical stewardship.
Visit the Golden Phoenix Web site at http://www.Golden-Phoenix.com/
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 forward-looking statements as a result of a number of factors.
SOURCE Golden Phoenix Minerals, Inc.
Robert Martin, Director of Corporate Development of Golden Phoenix Minerals, Inc., +1-775-853-4919; or Paul Knopick of E & E Communications, +1-949-707-5365, pknopick@eandecommunications.com, for Golden Phoenix Minerals, Inc.
http://www.prnewswire.com
Rattman cptc - I asked the following question on RB. Still waiting to see if anyone can answer....
http://ragingbull.lycos.com/mboard/boards.cgi?board=CPTC&read=23762
Question? – WORL (WORLD TRADE FINANCIAL CORPORATION) appears to be selling this morning. Looking at the Market Maker list for CPTC, it shows WORL is Withdrawn, instead of Active. If they are not an active player, how is it they are actively selling? TIA
http://www.otcbb.com/asp/tradeact_mml.asp?searchfor=cptc&searchby=i
Len, I couldn’t agree with you more!
Regarding your commitment: “There is nobody alive more committed than me to making sure that everyone gets held accountable for what they say.” Thank you!
goldrusher - thanks again for setting up the pre-shareholder party. Great to meet everyone, including your lovely wife!
Monkeybiz - DL (Drivers License), or some other form of ID (IDentification).
The SH meeting starts at 10:00AM PST, but get there early (9AM) to check in. Don't forget to bring your proxy and DL.
Southern California Edison to Upgrade Inland Empire Transmission Facilities
Feb 25, 2005 4:00 PM
To meet the growing demand for electricity in the Inland Empire, Southern California Edison (SCE) plans to strengthen its electrical grid by replacing high-voltage transmission lines there with new, higher-capacity power lines. The lines will be strung across State Highway 60, Interstate 15 (I-15) and Interstate 10 (I-10) freeways. Neil Derry, SCE's public affairs region manager, said the transmission-improvement projects will strengthen SCE's transmission infrastructure so that it can carry heavier electrical loads.
For the complete article -
http://tdworld.com/news/SCE-transmission-upgrade/
Tuesday March 1, 2005 @ 10:00AM PST