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Gold/Mining/Energy : GOLDEN PHOENIX MINERALS, GPXM

GPXM 0.000001000

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May 28 1:24 PM EST

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From: bull_dozer	11/10/2009 1:55:30 AM
	of 811

Golden Phoenix Minerals Reports Assay Results from Scorpio Gold's Bulk Sampling of Oversized Leach Pad Material at Mineral Ridge Gold Deposit SPARKS, Nev., Nov. 9 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM - News) is pleased to report Scorpio Gold Corporation's preliminary bulk sample results from the Mineral Ridge gold deposit, Nevada. The samples were collected from oversized material remaining on the leach pad that was inadequately leached by previous operators. The average grade of bulk samples collected from the leach pad is 1.75 g/t gold (Table 1). The poor initial leach recovery by previous operators was due to inadequate crush size and leaching techniques. Additional column leach and flooded vat leach tests are being completed; however, Scorpio Gold anticipates a significant improvement in recovery can be realized by correctly crushing and re-leaching this material. finance.yahoo.com

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