Penny Gold Miners

[Captain Black Bob Blanco]

Like the board. GPXM worth a look @ .012

Golden Phoenix Joint Venture Partner Scorpio Gold Provides Gold Sale and Operations Update at the Mineral Ridge Gold Project, Nevada Marketwire "Press Releases"
SPARKS, NV -- (MARKET WIRE) -- 07/19/11 -- Golden Phoenix Minerals, Inc. (the "Company") (OTCBB: GPXM) joint venture partner Scorpio Gold is pleased to announce that since start-up of operations at the Mineral Ridge gold deposit, Nevada , precious metals sales from production of gold and silver in loaded carbon now totals 1,472 ounces of gold and 790 ounces of silver to Waterton Global Resource Management, as per the Waterton sales agreement. Production shipments of loaded carbon now total 28.67 tons containing an estimated 2,550 ounces of gold and 1,500 ounces of silver. Additional precious metals are available for sale and the gold and silver markets will continue to be monitored to take maximum advantage of rising metal prices.

During the month of June, the final 260,000 tons of mineralized material left on the leach pad by the previous operator was reprocessed and replaced on the leach pad and is currently under leach. Mineralized material mined from the Drinkwater pit during the month totaled 22,704 tons with an average grade of 0.066 ounces per ton (opt) gold. Waste material mined during the month totaled 309,000 tons. A large portion of the material delivered to the crusher was from pit cleanup of blasted material from previous operators.