Golden Phoenix gives up on Ashdown moly, to focus on gold

摘要

Golden Phoenix Minerals Inc. is selling its interest in the Ashdown Project LLC to partner Win-Eldrich Mines Ltd., giving that firm total ownership.The deal announced Feb. 27 gives Golden Phoenix $5.3 million and the opportunity to focus on its Mineral Ridge gold/silver mine in Esmeralda County, Nevada, "at a time when the gold market is seeking fully permitted near term production gold assets," the company said.It also ends litigation between the firms.