[posting]26312190[/posting]
Golden Phoenix's Ashdown Mill Produces Moly Concentrate To Market Standards
2006-12-20 08:32 ET - News Release
SPARKS, Nev., Dec. 20 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. today announced that its mill staff at the Ashdown Project LLC in Humboldt County, Nevada, has successfully generated molybdenite concentrates that meet and exceed minimum specifications for sale to world markets.
The Ashdown mine is a cooperative venture between Golden Phoenix, which serves as manager and operator, and Win-Eldrich Mines, Ltd. of Toronto, Canada. The newly constructed mine and mill are fully permitted and bonded for the commercial production and sale of molybdenum (Mo) in the form of molybdenite (MoS2) concentrate. The Ashdown team is working to produce the first shipment of molybdenite for sale to its London-based broker, Derek Raphael and Company. Ashdown is the first new primary molybdenum producer to come on line in the Western Hemisphere this commodity cycle.
During the past two weeks, underground crews stockpiled mineralized material taken from Ashdown's Sylvia vein, which is located in the mine's South Zone. The material is being crushed, ground and fed through the 100-ton per day flotation plant. The resulting concentrate is then filtered and dried into a product calculated by in-house assay to presently grade from 52% to 57% Mo. The industry's minimum grade for standardized molybdenum concentrate is 50% Mo per shipment.
Initial analysis using on-site X-ray florescence instrumentation and moisture analysis techniques indicates that the Ashdown concentrate as tested also meets or exceeds specifications regarding moisture, insoluble materials and other trace element content. All assays are taken in triplicate and will be verified by independent third-party analysis to insure proper governance. A final reconciliation will occur through settlement assays performed in conjunction with the molybdenum roaster representatives.
The milling team continues to fine tune the equipment and adjust the chemistry required to increase efficiencies and streamline production at the mill. The team is under the direction of Mine Manager Earl Harrison and has been working with metallurgical specialists, in house technical staff and outside consultants. To date, more than 10,000 pounds of saleable MoS2 concentrate have been dried and bagged. As optimization continues, the concentrate is packed into supersacks, each designed to hold from approximately 3,900 to 4,800 pounds of product, depending on the destination and end-user.
The mine and mill will operate through the remainder of December, except for Christmas, with the objective of completing the sale of an initial consignment of product to the broker.
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 North America using competitive business practices balanced by principles of ethical stewardship. Golden Phoenix owns the Mineral Ridge gold and silver property near Silver Peak, Nevada, the Northern Champion molybdenum mine in Ontario, Canada, and is manager/operator and 60% owner and partner of the Ashdown Project LLC gold and molybdenum property in Humboldt County, Nevada.
Visit the Golden Phoenix Web site at http://www.Golden-Phoenix.com/
Forward-Looking Statements. Certain statements included herein may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements, other than statements of fact, including, without limitation, statements regarding potential future plans and objectives of the company, are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company's actual results could differ materially from those anticipated in such forward-looking statements as a result of a number of factors. These risks and uncertainties, and certain other related factors, are discussed in the Company's Form 10-KSB, Form 10-QSB and other filings with the Securities and Exchange Commission. These forward-looking statements are made as of this date and the Company assumes no obligation to update such forward- looking statements as a result of a number of factors.
CONTACT:
Golden Phoenix Minerals, Inc.
Robert Martin
Executive Vice President for Strategic Development
775/853-4919
E & E Communications
Paul Knopick
949/707-5365
pknopick@eandecommunications.com
Golden Phoenix Minerals, Inc.
CONTACT: Robert Martin Executive Vice President for Strategic Development,
Golden Phoenix Minerals, Inc., +1-775-853-4919; or Paul Knopick, E & E
Communications, +1-949-707-5365, pknopick@eandecommunications.com
Web site: http://www.golden-phoenix.com/
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Bin mal gespannt wie sich der Kurs daraufhin bei Börseneröffnung in den USA entwickelt.
So kanns doch ganz in Ruhe weitergehen, Gruß JoJo