Golden Phoenix Minerals Inc. is pleased to announce that it has renewed its exploration efforts in the Mineral Ridge District near Tonopah, Nevada. The Company’s technical team has conducted geological mapping and sampling in and around its extensive land position, much of which is on trend with the nearby Mineral Ridge Mine (70% Scorpio Gold [...]
Golden Phoenix Minerals Inc. announced today that it has reached a settlement and mutual release agreement dated September 24, 2015 with David A. Caldwell et al regarding litigation pertaining to a Peruvian mining venture. The parties have agreed to settle all disputes and a lawsuit originally filed by the Company in October 2013. Settlement terms [...]
Golden Phoenix Minerals Inc. announced today that Mr. Patrick Highsmith has been appointed to the Company’s Board of Directors, effective August 3, 2015. Patrick Highsmith is a 25-year veteran of the mining industry, having worked in mine operations, exploration, and business development for Rio Tinto, BHP Billiton, and Newmont Mining. Mr [...]
Golden Phoenix Minerals Inc. announced today that arbitration proceedings involving the Company and Pinnacle Minerals Corp have been completed, and on June 4, 2015, the arbitrator ruled in favor of the Company and denied the claims of Pinnacle. The arbitrator found that Pinnacle committed fraud in the sale to the Company of Pinnacle’s [...]
Golden Phoenix Minerals Inc. is pleased to announce an update of 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 [...]
Golden Phoenix Minerals Inc. announced today that successful efforts to reduce its liabilities have resulted in a year-to-date decrease in total liabilities of approximately $1,534,000. Included in the liabilities extinguished were four potentially dilutive notes payable to Asher Enterprises, Inc., an institutional investor. Donald Gunn, President [...]
Golden Phoenix Minerals Inc. announced today that Thomas Klein has resigned from the Company's Board of Directors. Mr. Klein has been a Director since December 2008 and previously served as Chief Executive Officer of the Company from February 2010 until that position was absorbed by the creation of the Company's Interim Governing Board in June [...]
Golden Phoenix Minerals Inc. is pleased to announce it has completed the sale of its 10% ownership interest in the Santa Rosa, Panama gold project for US$2.6 million. In February 2014, the Company received $260,000 of the sales proceeds, and received today the $2,340,000 balance. In September 2011, the Company and its partner formed a Panamanian [...]
Golden Phoenix Minerals Inc. (OTC Bulletin Board: GPXM) ("Golden Phoenix" or the "Company") is pleased to announce it has entered into a definitive agreement to sell its 10% ownership interest in the Santa Rosa, Panama gold project for US$2.6 million. In September 2011, the Company and its partner formed a Panamanian corporation, subsequently [...]
Golden Phoenix is pleased to announce it has increased its mineral property position in the Mineral Ridge Mining District, located in Esmeralda County, Nevada. Under the terms of an Exploration and Mining Lease with Options to Purchase Agreement, effective June 17, the Company acquired the rights to 16 unpatented lode mining claims on BLM lands [...]
Golden Phoenix Minerals, Inc. is pleased to announce it has received written confirmation from its Panamanian partners that their option price to purchase the Company's interest in the Santa Rosa gold project has increased from $3,000,000 USD to $3,750,000 USD. Under the terms of the agreement between the ownership parties, the Panamanian partners [...]
Golden Phoenix Minerals, Inc. announced today that it has entered into a mutual Rescission and Release Agreement, as subsequently amended with Silver Global, S.A., a Panamanian corporation and Golden Phoenix Panama, collectively, whereby Golden Phoenix will receive up to $4.1 Million for its 15% interest in the Santa Rosa Gold Mine, Panama.
