SPARKS, Nev., Nov. 25 /PRNewswire-FirstCall/ -- Golden Phoenix Minerals, Inc. (OTC Bulletin Board: GPXM) is pleased to report it has directed its Technical Services Group to commence a surface mapping and sampling program covering sections of the 4,400 acres of claims within the Duff claim block, located adjacent to the Ashdown Mine in the Pine Forest Range of northwestern Nevada.

The purpose of the field survey is to (a) collect rock chip and geochemical samples for assay, (b) identify and evaluate potential drill locations, and (c) map preexisting mine workings and surface disturbance for use in planning a possible drill campaign for 2010. The field survey is scheduled to launch in December, weather permitting. Wayne Colwell, manager of the Golden Phoenix Technical Services Group, and Ed Falk, exploration geologist, have been assigned to conduct the survey.

Golden Phoenix owns the Duff claim block comprised of 211 mineral claims located along the western flank of the Pine Forest Range, 20 miles south of Denio, Nevada. The claim block abuts the Ashdown Mine to the north, and extends south to the border of the Blue Lake Wilderness Study Area. The geology of the region is primarily tertiary cretaceous granites with quartz outcroppings. Metals historically mined in the general region include gold, molybdenum, copper, tungsten and antimony.

The major mine feature of the Duff claims is the Adams Mine which at one time produced silica. However, there are historical reports that substantial gold was also extracted from the quartz rock. Gold has also been mined in the Vicksburg, Ashdown and Cherry Gulch canyons to the north, and Leonard Canyon to the south of the Duff claims. Upon completion of the sampling and subsequent assay program, further recommendations for extent of drilling, including permitting and bonding requirements, are expected to follow.

For more information on Golden Phoenix Minerals, please visit their corporate website at http://www.Golden-Phoenix.com/.

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 and the Northern Champion molybdenum mine in Ontario, Canada.

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: The statements by officers of the Company, and other statements regarding optimism related to the business, expanding exploration and development activities and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company's business. Words such as expects, anticipates, intends, plans, believes, sees, estimates and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many factors including continued market prices for the Company's mineral products. In addition, actual results could vary materially based on changes or slower growth in the molybdenum and gold markets; the potential inability to realize expected benefits and synergies in the Company's mining operations; domestic and international business and economic conditions; changes in the mining industry for base and precious minerals, especially molybdenum; unexpected difficulties in expanding production at the Company's mines; the need for additional capital and other risk factors listed from time to time in the Company's Securities and Exchange Commission (SEC) filings under "risk factors" and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

CONTACT:
Golden Phoenix Minerals, Inc.
Robert P. Martin, President (775) 853-4919
investor@golden-phoenix.com

SOURCE Golden Phoenix Minerals, Inc.

Back to top

RELATED LINKS
http://www.Golden-Phoenix.com