Golden Phoenix Minerals: The Shoot-Out at Mineral Ridge (OTCBB: GPXM)

Written by D. Stewart Armstrong

Tuesday, 17 January 2006

Currently the focus of GPXM is their Ashdown Property and what many consider to be the richest deposit of Molybdenum in the world. Remember, I said the richest, not the biggest.  The Ashdown mine is comprised of 101 unpatented lode mining claims covering four square miles in Humbolt Country near the town of Denio, in the northwestern corner of Nevada. The mine is owned by Win-Eldrich Mines, Ltd. (WEX), a publicly traded Canadian company based in Toronto. Golden Phoenix serves as Ashdown’s manager/operator under a Joint Venture Letter Agreement with Win-Eldrich.“ The Joint Venture split is along the lines of 60/40 with WEX receiving 40% and GPXM receiving 60%.  Read Report on GoldSeek.com

 

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