GOLDEN PHOENIX MINERALS (GPXM)

[maverick49er]

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).
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