Golden Phoenix Minerals Inc. (GPXM)

Overview

Golden Phoenix Minerals, Inc. is rooted in the focus on exploration and development of precious metal properties, specifically targeting gold and silver in the state of Nevada. Established in 1997, the company has laid its foundation on the rich mineral reserves found in this region, which is known for its prolific mining history. With its operations primarily guided towards identifying and developing valuable mineral deposits, Golden Phoenix Minerals embodies a strategic pursuit in the mining sector, leveraging opportunities within Nevada's mineral-rich landscapes. Based in American Fork, Utah, the company's strategic location serves as a conduit for its exploration endeavors in Nevada, fostering a connection between its operational pursuits and the heart of America's gold and silver mining industry.

Products and Services

Golden Phoenix Minerals, Inc. offers a focused suite of products and services centered on the exploration and development of gold and silver properties. The company's portfolio is structured around strategic mineral projects and exploration activities in Nevada:

• Mhakari Properties Acquisition Option: The company holds an option to acquire an 80% interest in the Mhakari properties, a strategic collection of mineral projects including:
  - The Vanderbilt silver and gold project: A promising exploration initiative targeting silver and gold reserves.
  - Coyote Fault gold and silver project: Focused on the exploration and potential development of gold and silver deposits along the Coyote Fault line.
  - Galena Flat gold project: An exploration venture aimed at gold mineralization in the Galena Flat area.
  - Additional claims extending the Coyote Fault property: These claims expand Golden Phoenix's exploratory footprint in the area surrounding the Coyote Fault project, potentially increasing the project's resource base. Located near Silver Peak, Nevada, these projects encapsulate the company's strategic focus on silver and gold within the state's mining sector.
• North Springs Properties Acquisition Option: This aspect of Golden Phoenix's portfolio includes the option to acquire interests in the North Springs properties, which consist of 16 unpatented lode mining claims. These claims are organized into three separate blocks on BLM (Bureau of Land Management) lands in Esmeralda County, Nevada. The strategic positioning of these claims in a known mineral-rich region further amplifies the company's aim to explore and develop significant gold and silver projects within the state.