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

To: zappy who wrote (523)	5/15/2007 8:57:39 AM
From: pogbull	Read Replies (1) \| Respond to of 811

Golden Phoenix Reports Molybdenum Sales Now Total $3.3 Million at Ashdown Project Tuesday May 15, 8:00 am ET SPARKS, Nev., May 15 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM - News), manager and majority owner of the Ashdown Project LLC, a Nevada-based molybdenum mine, reports that, as of May 10, 2007, six lots of molybdenum (Mo) concentrate, totaling approximately 267,900 pounds, have been produced and sold at a combined value of nearly $3.3 million. Each lot consists of 12 Supersacks with each Supersack containing approximately 3,950 pounds of concentrates averaging 54% elemental (Mo). Since product sales began in 2006, the Ashdown Project LLC has gross revenues of $177,000 in Q4 2006, $798,000 in Q1 2007 and $2.3 million thus far in Q2 2007, as the mine continues to ramp up toward full production capability. The mine is providing mineralized material to the mill at a rate of approximately 80 tons per day. However, there is daily variability in production tonnage resulting from the balance between mining of molybdenite within the vein structure versus development work occurring in the unmineralized footwall. Development crews have recently completed a second refuge chamber, powder magazine, water sump and load out area. Further development will be required, including driving a secondary escape way and installing a sand line and additional ventilation. This work will continue through the summer, and sustainable production at full capacity is expected only after further development has been completed. The Ashdown mill continues to refine its operational efficiencies, with bagging of in-spec concentrates at rates typically ranging between one and two Supersacks each 24-hour period. The rate of production directly correlates to the head-grades of molybdenite, which routinely range between 1% and 4% Mo, and have averaged 1.39% Mo to date due to inclusion of dilutionary rock from development work. April also saw a record 26 milling days resulting in the processing of more than 2000 tons of mill feed. This tonnage will continue to be variable until a sufficient number of stopes have been developed to achieve steady state production rates.

To: zappy who wrote (523)	6/12/2007 9:29:55 AM
From: pogbull	Respond to of 811

Golden Phoenix Reports Molybdenum Sales Top $5.4 Million, Geophysical Survey Completed and Geochemist Added at Ashdown Project Tuesday June 12, 9:00 am ET SPARKS, Nev., June 12 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM - News), manager and majority owner of the Ashdown Project LLC, a Nevada-based molybdenum mine, reports that Lot No. 8 containing 43,950 pounds of molybdenum concentrate has been shipped, bringing total sales to approximately 362,000 pounds of concentrate at a cumulative value of more than $5.4 million. Since product sales began in 2006, the Ashdown Project LLC had gross revenues of $177,000 in Q4 2006, $798,000 in Q1 2007 and $4.45 million thus far in Q2 2007, as the mine continues to ramp up toward full production. David A. Caldwell, CEO of Golden Phoenix, commented, "Following our participation in the Ryan's Notes Noble Alloy Conference in New York last week, the consensus was that molybdenum remains in tight supply and prices are currently stable. With molybdenum trading in the $33 range, market conditions appear ideal. Sales of moly concentrates at the Ashdown Project have been ramping up, as evidenced by a four-fold increase in quarterly income to date. Work continues on preparation of the 43-101 feasibility study for the mine, and an additional manager, David Tretbar, has been assigned to the project." Mr. Tretbar is a geochemist who will be responsible for milling and metallurgical processing at Ashdown. Mr. Tretbar has worked underground for Getchel Gold and Jerritt Caynon and served as a process mineralogist and mine geologist for Barrick Goldstrike Mines, Inc. Most recently, Mr. Tretbar was Senior Geologist for Alamos Gold, responsible for tunnel design, reserve modeling and metallurgical testing programs. Mr. Tretbar graduated magna cum laude from Northern Arizona University with a B.S. in Geology, and received his Masters in Geochemistry from the Mackay School of Mines. Gradient Geophysics, hired to perform an Induced Polarization (IP) survey of sections of the Ashdown property, has completed its collection of field data. The IP survey covers an area approximately 3000 feet long by 1200 feet wide, centered on the Sylvia vein currently being mined. The survey is made up of nine parallel lines, running east-to-west, that cross the known mineralization perpendicular to its strike. The survey has imaged to depths of 600 feet and returned data that is confirmed to define the Sylvia vein and adjacent structures. Over the coming weeks, the data will be compiled into a three dimensional model to be used for mine planning and exploration activities.