GOLDEN PHOENIX MINERALS (GPXM)

[Belgie24]

To all my Golden Phoenix friends from the good old days, circa 2005-2010. You know who you are, we spent endless hours discussing the state of the bird, the posse, the moly, the tours, the JV with Scorpio, etc etc.

I'm going to give you information that may help recover the money stolen from us when fraud was committed by a certain CEO. A company I'm invested in, Mexus Gold(MXSG), has signed a JV agreement for their Santa Elena gold property in Sonora Mexico, with Argonaut Gold, a mid major with an excellent track record. I have been waiting 2 1/2 years to get this property going, several failed JV deals, and near bankruptcy. Now we have a deal and a good one. Argonaut pays all costs and gets 80% of a high grade, low cost operation when they spend $5 million and pay $950,00 in cash to Mexus by 2018, with many options along the way.

There is very little news released so far, this PR Monday:

http://pdf.reuters.com/htmlnews/8knews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20150713:nGNXLRMFOa

Mexus Gold US Signs Option/Joint Venture Agreement
CARSON CITY, Nev., July 13, 2015 (GLOBE NEWSWIRE) -- Mexus Gold US (OTCQB:MXSG) (“Mexus” or the “Company”) announced today that after months of negotiating with several mining companies an agreement has been reached. President Paul Thompson is proud to announce that Mexus has signed an option/joint venture agreement with Minera Real del Oro S.A. de C.V., a Mexican corporation, which is wholly owned by Argonaut Gold Inc. (TSE:AR). Argonaut has the knowledge and experience along with the necessary capital to plan, drill, and bring the Julio/Martha Elena project into production. Mexus believes that Argonaut is the best fit for this project. Mr. Thompson added, “For approximately three years, Mexus performed geology, mapping, and exploration work on the property along with limited drilling. Within the property there are extensive vein systems and evidence for several large flat-lying shear zones believed to be related to thrust faulting. Work by Mexus have confirmed that both the veins and shears host multi-gram per tonne gold and silver values. Mexus has drill results which show a high grade, multi vein system throughout the property. Multiple target areas have been identified on the property and Argonaut is currently conducting geologic mapping and sampling in anticipation of an aggressive drill program over the next several months. Adequate work was completed for Mexus to realize that this project was too big for us and needed an experienced mining company such as Argonaut Gold. We are excited about the partnership and look forward to seeing Argonaut drill and ultimately bring this property to production.”
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Started the week at .02, up 50% to .03 so far, much more to come when news gets out to wider audience. Take a look, I own significant shares at average .10, so underwater, but now the good stuff is coming. Hope you all are doing well, and surviving this gold bear market.

Special hellos to Jim, Robert, Dr. Hanser, Black Coffee, Jiffy, vin man, Bob, Rob Martin, BasserDan, Doug, choad, laskin, maverick and a host of others.

Dave