Maybe this is why there is buying in this stock. NEWS out Today.
biz.yahoo.com
Golden Phoenix Minerals Announces Approval of Revised Reclamation Plan
at Mineral Ridge Gold Mine in Nevada
RENO, Nev., March 14 /PRNewswire/ -- Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM - news) announced today
that its Mineral Ridge Revised Reclamation Plan and Permit has been approved by the U.S. Bureau of Land Management and the
Nevada Division of Environmental Protection.
Golden Phoenix has also requested transfer to it of all other key permits, including the Water Pollution Control Permit, the Storm
Water General Permit, the Industrial Artificial Pond Permit and the Air Quality Permit.
``The approval of these permits removes the uncertainty in scheduling the start up of mining at the Mineral Ridge Mine. The next
key step is to post the required bond for the Reclamation Plan and Permit, which will be completed in the near future,'' said
Michael Fitzsimonds, Golden Phoenix President.
The Mineral Ridge gold mine, located in Esmeralda County, has a mineable reserve of 2,658,000 tons averaging 0.079 ounces gold
per ton for a total of 209,200 ounces. Mining operations are scheduled to begin early to mid second quarter, subject to posting of
the reclamation bond, completion of the financing agreements, and finalizing an acceptable mining contract. |
