Galena Flats - Nevada
80% - Golden Phoenix has an option to earn an 80% interest in the Galena Flats Property.
- Project size: 502 acres adjacent to Mineral Ridge Gold Project
- Borders Mineral Ridge Gold Project on East and Vanderbilt Silver and Gold Project on the North
- Development plans currently underway for exploration/drilling program
Cautionary Note: Although the early results of exploration on the adjacent Vanderbilt property look promising and may support the Company’s decision to continue expending its resources on further exploration, the test results set forth above are not yet sufficient to establish any proven or probable ore reserves under traditional mining standards, nor has there been sufficient exploration to determine if the extraction of precious metals on this property is feasible, from an economic point of view. Investors should not infer from these early assay results that there exists sufficient amounts of precious metals on this property to support profitable mining operations now, or in the immediate future.