Golden Phoenix Evaluating Vanderbilt Property

 

 

AMERICAN FORK, UT - Golden Phoenix Minerals Inc. reported on activities at the Vanderbilt, Coyote Fault, and North Springs mineral properties located in Nevada. GPXM has contracted the professional mining services of Cardno MM&A, including professional geologists Steve Craig and Paul Dockweiler, who have direct experience with local metamorphic core complex geology, to perform the technical evaluation of GPXM's mineral properties.

The Company began first round evaluation on the Vanderbilt property, which is decidedly a viable gold and silver exploration project. Golden Phoenix is currently permitting an exploration drilling program including up to twenty (20) exploration drill holes using Reverse Circulation (RC). Other highlights include establishing survey control of the property's three patent claims from 1876, contracting heavy equipment for access road improvement and drill pad construction, and establishing a strong, positive relationship with the local lead regulator office. GPXM has also spent time evaluating the North Springs property, and has decided to defer future work.