Golden Phoenix Joint Venture Partner Scorpio Gold Awards Mineral Ridge Mining Contract

Golden Phoenix Minerals (OTCBB: GPXM) join venture partner Scorpio Gold (OTC Other: SRCRF; TSX-V: SGN) has signed a mining contract with Ledcor CMI, Inc. for the Mineral Ridge Gold heap leach project. Golden Phoenix currently maintains a 30% interest in the Mineral Ridge Gold Project via its membership interest in Mineral Ridge Gold LLC; the joint venture entity that owns and operates the Mineral Ridge property with Scorpio Gold.

According to Tom Klein, CEO of Golden Phoenix, “The Mineral Ridge project continues to advance with a growing team of experts.  The recent addition of individuals and firms whose experience includes work with Barrick, Newmont and Fronteer Gold is creating a foundation for anticipated future growth.”

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