Golden Phoenix Minerals

Exploration & developmen properties located in North America that contain gold, silver, molybdenum & other strategic minerals.

Golden Phoenix Minerals Profile

Golden Phoenix Minerals, Inc. was formed in 1997 as a publicly traded for-profit corporation. It is headquartered in Sparks, Nevada and trades on the OTCBB under the symbol GPXM. The Company is focused on developing and mining superior high-grade deposits of precious and strategic metals to enhance profitability and return maximum value to its shareholders.

Corporate Strategy

Golden Phoenix specializes in the exploration and development of properties containing precious and strategic metals. Its primary focus is on properties located in North America that contain deposits of gold, silver, molybdenum and other strategic minerals. It seeks properties that are close to production and have the potential for additional discoveries through exploration. Acquisition by purchase or partnership is preferred, especially where advanced mining development and mineral production are contemplated.

Company Restructuring

In February of 2005, Golden Phoenix announced that President and CEO, Michael Fitzsimonds, was stepping down to pursue outside career opportunities. At that time, the Board of Directors assigned the Company’s executive duties to a three-person Interim Governing Board (or IGB) authorized to perform the executive leadership functions in accordance with Sarbanes-Oxley guidelines. The IGB was comprised of two outside directors, David A. Caldwell and Ronald L. Parratt, and was chaired by Advisory Board member, Kenneth S. Ripley. On behalf of the IGB, Mr. Ripley and Mr. Caldwell were on-site at the Sparks headquarters, charged with the day-to-day executive leadership of the Company.

The IGB has since been dissolved and David A. Caldwell is now CEO, Robert P. Martin is President and Donald R. Prahl is Chief Operating Officer.

Mining Properties

Mineral Ridge, a formerly producing gold and silver mine located near Silver Peak, Nevada. Historically, the mine is on record as producing over 680,000 ounces of gold, primarily from underground operations. It has both underground workings and open pits, and features a six-acre heap leach operation, ADR facility and high volume crusher plant. It is currently on a lay-up schedule while engineering work is being performed to streamline future operations.

Ashdown, a gold and molybdenum mine located near Denio, Nevada. Ashdown is owned jointly by Golden Phoenix and Win-Eldrich Mines, Ltd. of Toronto, for which Golden Phoenix serves as manager/operator through the Ashdown Project LLC. Ashdown hosts an estimated 65,000 ounce gold mineralization and a drilled-and-sampled high-grade molybdenum disulfide deposit. Commercial production of molybdenum concentrate began in December 2006 and has been suspended as of November 2008, pending the return of moly pricing.

Northern Champion, a molybdenum property located in Ontario, Canada. It was a formerly producing mine and is undergoing geological exploratory work to determine the scope of its resource and reserves.

Last changed at 06-Feb-2009 06:01AM by Highgrader