SPARKS, Nev., May 18 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM - News), announced today it has received approvals from the Humboldt County Commissioners and Planning Commission to operate the Ashdown Moly Mine and Mill Project, located near Denio, Nevada. Building permits have been issued to Golden Phoenix by the Humboldt County Building Department to erect the structure that will house the mill machinery. Concurrently, the Nevada Division of Environmental Protection has issued written approval authorizing the mill machinery to be moved from its staging area onto the mill site.
With receipt of these permits, Golden Phoenix starts construction of a 100-ton-per-day flotation mill to process molybdenite ore from the Ashdown mine, beginning with a targeted section of the Sylvia vein, which is detailed in the Golden Phoenix press release dated March 8, 2005. As soon as cash flow from the sale of molybdenum concentrates is established, Golden Phoenix will initiate an exploratory program to locate and define both existing and future moly targets, as well as prospective gold mineralization, using underground and surface step-out drilling. |
