posted
Moly hitting all-time highs. GPXM has richest Moly deposit in the world. Price .19,,,,,,,,,Do your DD. Could be in breakout soon. Building new mill now. Breaks .25 look-out........
Posts: 2 | From: Idaho | Registered: Oct 2005
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Once the production starts this one will fly. Last chance here to get in under .20 IMHO - once the numbers are crunched this one will be over a buck. Their Canadian partner WEX ( owns 40%) is poised also for great gains as their O/S much lower( under 10 million)
-------------------- The Mouse Posts: 443 | From: Valemount | Registered: Dec 2003
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Golden Phoenix Granted Final Permits to Build and Operate Its Ashdown Molybdenum Mill
2005-10-14 12:25 ET - News Release
SPARKS, Nev., Oct. 14 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM) is pleased to announce it has received Notice of Final Decision from the Nevada Division of Environmental Protection (NDEP) granting Water Pollution Control Permit No. NEV-2005105 and Reclamation Permit No. 0244. With these final permits approved, the Morris Mill molybdenum processing facility, located near the Ashdown mine in Humboldt County, Nevada, can be constructed and placed into operation. The mill facility is scheduled for completion by the end of November 2005.
The Water Pollution Control Permit authorizes commercial operation of the 100-ton per day flotation mill. The mill is designed to process high-grade molybdenum-bearing material recovered from Ashdown's Sylvia vein and produce molybdenite concentrates for sale through the Company's broker. Initially, the mill will be used to process and market the 1000-ton bulk sample authorized by an Amended Notice of Intent filed with the Bureau of Land Management. Upon approval of the final Plan of Operation for the Ashdown mine, the mill will be placed into continuous service.
The Reclamation Permit authorizes future remediation of the mill site once milling activities have been discontinued. In accordance with the permit, Golden Phoenix is to leave the project site safe, stable, and capable of providing for a productive post-mining land use. The $114,000 bond guarantee for this reclamation obligation has been posted and accepted by NDEP.
Both permits become effective fifteen days after Notice, at which time Golden Phoenix will erect the millworks on the concrete foundation that was completed in September and complete the adjacent tailings impoundment.
Golden Phoenix Minerals, Inc. is a Nevada-based mining company committed to deliver value to its shareholders by acquiring, developing and mining superior precious and strategic metal deposits in the western United States using competitive business practices balanced by principles of ethical stewardship.
-------------------- The Mouse Posts: 443 | From: Valemount | Registered: Dec 2003
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