Golden Phoenix Minerals Releases New Gold
Resource Figures for Borealis Gold-Silver Project
- 1.294 Million Ounces of Gold Identified -
RENO, Nev., April 4 /PRNewswire/ -- Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM - news) announced
today that it has completed its latest resource study over the East Ridge target, the fifth of seven target evaluations of its
Borealis, Nevada gold-silver project.
The cumulative results of these five resource studies (Polaris, Borealis, Freedom Flats, Graben, and East Ridge) have identified
a minimum of 26,807,000 tons averaging 0.048 ounces gold per ton containing 1,294,200 ounces of gold and 0.23 ounces of
silver per ton containing 6,141,800 ounces of silver. The Company plans to evaluate the Northeast Ridge target next followed
by the Cerro Duro target, which consists of three mineralized areas.
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