Golden Phoenix Minerals Inc. (GPXM) Takes Flight with Precious Metals
QualityStocks (September 23rd, 2008) Writes:
Founded in 1997, Golden Phoenix Minerals, Inc. is an OTCBB traded company headquartered in Sparks, Nevada. They acquire, develop, and mine superior precious and strategic metal deposits in North America. They focus their efforts on properties that contain deposits of gold, silver, molybdenum and other minerals. Their current market capitalization is $17.42 million.
The company owns the Mineral Ridge gold and silver property near Silver Peak, Nevada. They also own the Northern Champion molybdenum mine in Ontario, Canada. Golden Phoenix Minerals Inc. is also manager/operator and the majority owner of the Ashdown Project LLC gold and molybdenum property. The company and Win-Eldrich Mines Ltd. of Toronto hold this property jointly. Win-Eldrich owns their share through their U.S. subsidiary Win-Eldrich Gold Inc.
Golden Phoenix’s Mineral Ridge Gold & Silver Mine gold deposits are on the northeast portion of the Silver Peak Mountain Range in Esmeralda County, Nevada. Records show the mine historically produced
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