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Phoenix Gold Resources Phoenix Gold Resources has a 70% (and increasing) interest in a high grade silver/gold property known as Coyote Knolls in the Delta Quadrangle area of Utah, USA. Historically, 300,000,000 ounces of silver and 3,000,000 ounces of gold have been mined from this general area of Utah. A pilot production plant is on site at Coyote Knolls and is processing stockpiled and near surface ore grading 22 opt (753 gpt) silver and 0.12 opt (4.11 gpt) gold. These grades add up to $200 a ton. The company has also acquired a 100% interest in a nearby (15 km) highly prospective silver/gold property. The Dome Hill property has returned rock grab samples assaying 145 to 3860 gpt (4.23 to 112.45 opt) of silver and 0.2 to 10.31 gpt (0.01 to 0.3 opt) of gold. It is anticipated that the cash proceeds from ore concentrate sales from stockpiled ore at both Coyote Knolls and Dome Hill wiil be used to finance exploration and deep drill programs at both properties. Shareholder value will be enhanced as the cost for continuing exploration will come from the cash proceeds of concentrate sales and not through frequent share placements as many companies have had to resort to in the current mining investment climate. Robert Matthews is IR as well as a Director of the Company and is receptive to calls from interested parties. Robert Matthews Phone: 604-732-8366 Fax: 604-732-4096 Toll Free: 888-732-8366 E-Mail: RMatthews@phoenixmining.com Web site: phoenixmining.com | ||||||||||||||
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