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: DELT1970 who wrote (70)	7/8/1998 9:29:00 AM
From: Sky High	Read Replies (1) \| Respond to of 811

A lot of action the last few days. Someone seems to be holding down the price. No matter what the volume, it seems to be stuck. How many shares are outstanding on this one? When do you think it will start to climb? An increase in the price of gold would be nice. Also, if they were to start producing something. I guess the closest we are to production is the Borealis find. Here's the latest press: Tuesday July 7, 9:01 am Eastern Time Company Press Release Golden Phoenix Minerals Reports Encouraging Drill Results from Cambior Borealis Mine Joint Venture RENO, Nev.--(BUSINESS WIRE)--July 7, 1998--Golden Phoenix Minerals Inc. (OTC BB:GPXM) is pleased to announce initial drill results from the Borealis Mine Joint Venture with Cambior Exploration USA. Cambior, the joint venture operating partner, has obtained results from drill hole Bc98006 in the Graben/Freedom Flats sulfide zone. The current drilling program with a 1998 budget of $500,000, is expected to be completed by late July. The projected underground target was intercepted and contains 229 feet with an average grade of 0.10 ounce per ton (opt) gold from 1,027 to 1,256.6 feet. Within this interval, from 1,122 to 1,165 feet is 43.1 feet with an average grade of 0.294 opt gold. A 21.4 feet interval from 1,138 to 1159.4 contains an average of 0.493 opt gold. A 7.4 foot interval from 1,152 to 1,159.4 contains 1.205 opt gold. An interval higher in the hole from 690 to 723.7 feet contains 33.7 feet with an average grade of 0.074 opt gold. This drill hole is located in a 200 foot extension north northeast of the known mineralization in the Graben area. The high grade sulfide zone is open for additional exploration along strike and dip. Additional drill holes are being completed to further expand and delineate the resource potential at the Borealis Mine. The Graben/Freedom Flats sulfide resource area is reported to contain an estimated 205,000 ounces of gold at an average grade of 0.22 opt with a cut off grade of 0.10 ounce per ton. Echo Bay Minerals Inc. produced greater than 600,000 ounces of oxide gold from the Borealis Mine in the early 1980s with an average grade of 0.059 ounce per ton gold. Golden Phoenix Minerals Inc. (GPXM) is an OTC Bulletin Board listed minerals exploration corporation dedicated to the discovery and development of precious and base metal deposits in the western United States and Alaska. Contact: Golden Phoenix Minerals Inc. Opal Adams, 702/853-4919 (Investor Relations) E-mail: Investor@golden-phoenix.com Web Site: golden-phoenix.com