Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

*** Gold related post (GPXM) ***

"Hi Dan, it appears chartwise that gpxm will see .20-.21 before the end of march, I was filled on some before and have more bids in at .30 and will also put in a bid at .21 when it breaks .30. Outrageous I know but ............"
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G'morning opnion,
Some early GPXM drill results......


Golden Phoenix Minerals Announces Successful Completion of First Drilling Program at Mineral Ridge Gold Mine

Wednesday February 25, 7:03 am ET

- Further Testing Planned; Key Blast Holes Mined -

RENO, Nev., Feb. 25 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM - News), which specializes in the acquisition and development of deposits in the western United States containing gold, silver, copper and other strategic minerals, announced today it has completed its first drill program at the Mineral Ridge, Nevada, gold mine and assays of all intervals have been completed. Blast holes in the Brodie pit which returned significant gold values have been shot and mined with the ore being placed onto the leach pad.

The Company drilled 20 exploration holes with 3,825 feet drilled, and 76 in-pit blast holes with 1,355 feet drilled. The exploration holes tested seven areas including the Blue Light, Brodie, Oro Monte, Deep Springs, deep West Drinkwater, deep East Drinkwater, and the Mary LC.

The exploration area that returned the best results was Blue Light. The five holes drilled into this target returned ore grade values in all holes with the best reported being BL-1 with 25 feet of 0.15 ounces per ton (opt) beginning at 50 feet (high value of 0.348 opt) and BL-4 with 15 feet of 0.62 opt Au beginning at 65 feet (high value of 1.38 opt Au). Cutoff grade for these calculations is 0.02 opt Au.

Drilling only one hole to test a deeper zone in the West Drinkwater found low-grade mineralization in the target. However this hole did penetrate 55 feet of 0.144 opt Au beginning at 35 feet (highest value 0.403 opt Au). This mineralization is scheduled for mining this year as the pit is deepened during Golden Phoenix' planned mining operations.

In the Mary LC area, four holes tested the target to get better definition of an underground mineable ore zone. The best of these holes was LC-2 with 15 feet of 0.471 opt beginning at 155 feet (high value of 0.943 opt Au).

"Numerous drill targets remain to be tested on the Mineral Ridge property," said Steven Craig, Vice President of Golden Phoenix. "We still have the down dip extension of the Drinkwater and Mary deposits, which have either encouraging underground sampling or limited drilling in these open ended targets, the Deep Springs Hill target, step out drilling on the Oro Monte/Chieftain zone, and extensions of the Brodie/Blue Light zone. It is our intention to develop a much larger reserve over time on the property."

Golden Phoenix Minerals Inc. is a mineral-property development company headquartered in Reno, Nevada. It specializes in acquiring and consolidating large, advanced-stage properties with potential for near-term production and good resource development potential. Acquisition and development emphasis is on deposits containing gold, silver, copper and other strategic minerals that are located in Nevada and the western United States.

Visit the Golden Phoenix Web site at http://www.Golden-Phoenix.com /

http://biz.yahoo.com/prnews/040225/law034_1.html