Message #3 From:
NewsBot Date: December 9, 2005 12:33:31 PM
GPXM News
Golden Phoenix to Introduce Its Ashdown Molybdenum Project at Precious Metals Conference in San Francisco
SPARKS, Nev. and SAN FRANCISCO, Nov. 22 /PRNewswire-FirstCall/ -- 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 Granted Final Permits to Build and Operate Its Ashdown Molybdenum Mill
SPARKS, Nev., Oct. 14 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM) is pleased to announce it has received Notice of Final Decision from the Nevada Division of Environmental Protection (NDEP) granting Water Pollution Control Permit No. NEV-2005105 and Reclamation Permit No. 0244. With these final permits approved, the Morris Mill molybdenum processing facility, located near the Ashdown mine in Humboldt County, Nevada, can be constructed and placed into operation. The mill facility is scheduled for completion by the end of November 2005.
The Water Pollution Control Permit authorizes commercial operation of the 100-ton per day flotation mill. The mill is designed to process high-grade molybdenum-bearing material recovered from Ashdown's Sylvia vein and produce molybdenite concentrates for sale through the Company's broker. Initially, the mill will be used to process and market the 1000-ton bulk sample authorized by an Amended Notice of Intent filed with the Bureau of Land Management. Upon approval of the final Plan of Operation for the Ashdown mine, the mill will be placed into continuous service.
The Reclamation Permit authorizes future remediation of the mill site once milling activities have been discontinued. In accordance with the permit, Golden Phoenix is to leave the project site safe, stable, and capable of providing for a productive post-mining land use. The $114,000 bond guarantee for this reclamation obligation has been posted and accepted by NDEP.
Both permits become effective fifteen days after Notice, at which time Golden Phoenix will erect the millworks on the concrete foundation that was completed in September and complete the adjacent tailings impoundment.
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.
