Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : GOLDEN PHOENIX MINERALS, GPXM -- Ignore unavailable to you. Want to Upgrade?

To: Robert J Mullenbach who wrote (160)	9/26/2000 9:12:30 AM
From: Robert J Mullenbach	Read Replies (1) \| Respond to of 811

Golden Phoenix Minerals Reports Positive Results From Mining Reserve Study at Its Copper Property in Nevada RENO, Nev., Sept. 26 /PRNewswire/ -- Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM - news) announced today that it has completed a preliminary open-pit mining reserve evaluation on the Banner deposit at its Contact copper property in Elko County, Nevada. The Company reported that at a $0.90 per pound copper price and 0.20% Cu cutoff grade, the mine reserve is 13,802,000 tons of mineable ore grading 0.965% Cu for a total of 278,248,700 pounds of recoverable copper. The waste rock to ore ratio is calculated at 5.1 to 1. The per pound cost variables used are $0.32 each for mining and processing, and $0.10 for G&A, which are considered high when compared to current operations surveyed. biz.yahoo.com