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Ashdown Gold & Molybdenum Mine
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., 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.
Our lead miner, John Rasmussen, is seen here pointing to the center of Sylvia's North Zone moly vein. The white lines superimposed on the photo give an approximate indication of the width and slope of the vein structure. The underground crews intersected this section of vein as they drifted around a caved portion of the orginal decline leading to the South Zone. Visual assessment of the vein suggests significantly higher moly grades than had been interpolated from pre-existing data. True assays shall be performed to verify grade and width, which may or may not be indicative of the average grade and width to be encountered along strike.
This is a close-up of the same section of vein. It features a remarkable concentration of what visually appears to be molybdenite in a high-grade lens. The lens structure is approximately 1.5 feet in width (white arrow) and appears to be of an exceptionally high-grade, to be determined by assay.
This is the new Aeroline 50HP mine fan and 30" steel vent line installed and complete. This system delivers 22,000 cubic feet of air per minute underground to the working face of the Sylvia Vein, 900 feet away. It will support the use of additional diesel powered heavy equipment and multiple crews, allowing for the development of several working faces at once. As the stopes, raises and scrams are developed over the coming months, it is critical to supply MSHA-mandated volumes of fresh air. This supply will be further enhanced once a secondary escape raise has been dug, later this year.