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Golden Phoenix Minerals Announces Agreement in Principle for Borealis Joint Venture With a Nevada Gold Company.

Publication: PR Newswire
Publication Date: 13-MAY-03 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Golden Phoenix Minerals, Inc. (BULLETIN BOARD: GPXM, GPXME) , a mineral-property development company, announced today that it has signed an Agreement in Principle to joint venture its Borealis gold project, located in Mineral County, Nevada, with Gryphon Gold Corporation, a Nevada incorporated company. Gryphon Gold is a private corporation headquartered in Denver, Colorado with a field office in Reno, Nevada.

Under the terms of the agreement Gryphon Gold has the right to acquire a 50% interest in the property after incurring qualified expenditures on work programs or making payments to Golden Phoenix in the aggregate of five...

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