Golden Phoenix Minerals (OTCBB: GPXM) JV partner Scorpio Gold (OTC Other: SRCRF; TSX-V: SGN) shipped its first batch of gold and silver in loaded gold carbon produced from the Mineral Ridge gold deposit in Nevada. Golden Phoenix has a 30% interest in the project while Scorpio has a 70% interest. This momentous shipment takes place just 13 months after Scorpio became involved.
Five tons of loaded wet carbon were shipped for processing into dore, with an estimated value of $100,000 per ton. This is a great start and Scorpio already believes that it will make a substantially larger second shipment in early May.