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Gold/Mining/Energy : GOLDEN PHOENIX MINERALS, GPXM

GPXM 0.000001000

-99.0%

May 28 1:24 PM EST

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From: PayShhhhence	12/14/2010 7:09:20 PM
	of 811

"We drilled a hole to test one of my theories and we hit 46 feet of 1.1 ounces per ton gold.” That was three miles to the west of the open pit on-site here at Silver Peak, Nevada." stockhouse.com 1. IT's 7.5 miles from Vanderbuilt to the edge of the MR Claims to the NW. Measuring from Drinkwater three miles to the NW puts us on the backside of the peak (grid 34)in grid 27...... 2. It's roughly ANOTHER 2 miles from there to the 3 mile hole....and it's NOT on the drill hole map in the 43-101 3. The land package from Vanderbuilt to Coyote is a rectangular box 9.4 miles SE to NW, 4.7 miles SW to NE..... is that 44.8 square miles????? (help?) 4. The drill holes on the map run right down the ridge from Mary Mine following the power lines north easterly to the flats, that land package has been locked up by the company.... the cinder cone is roughly 1.5 miles due east of the NE edge of the MR property. 5. How far can we go???? I'd be looking for any news that includes holes drilled OUTSIDE the known area of mineralization to determine just how far the down dip goes...... and we are already at the BASE of the NE of the property with a few holes.... Coyote (representing the NW corner of the property) and Vanderbuilt (the SE) are virgin territories. WHAT is to the SW???????? IF we continue to garner similar results from the Coyote area and get some holes IN at Vanderbuilt, and something from the SW, THEN we will have proof that we have 44 sq miles of mineralization..... 6. The 3 to 4.7 mil ozs were based on WHAT again?????? "The 5 targets that were identified have potential for the discovery of 3.0 to 4.7 million ounces of gold. These targets are 1) the down dip extension of the Mary Drinkwater zone, 2) the up dip extension of the Mary Drinkwater zone under Deep Springs Hill, 3) The NNE structural zone trending through the Drinkwater deposit, 4) the Brodie NNE structural zone to Oro Monte, and 5) the Brodie-Missouri WNW structural zone. THIS is based on roughly 1/2 of our CURRENT land package...... Does the mineralization extend with the increase of the land package to 6 to 9.4 mil ozs???? Is that a reasonable extrapolation? Only time will tell...... images.investorshub.advfn.com images.investorshub.advfn.com[wjkkMR_Drill_Hole_location_map.jpg

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