Golden Phoenix Minerals is focused on developing and mining superior high-grade deposits of precious and strategic metals. The company specializes in the exploration and development of properties in Nevada and surrounding areas that contain deposits of gold, silver, molybdenum and other strategic minerals. It seeks properties that are close to production and have the potential for additional discoveries through exploration. Golden Phoenix was formed in 1997 to capitalize on the decline in precious metals prices and the resulting availability of undervalued mining properties. The company quickly acquired four mining properties, which form the backbone of the company, including Mineral Ridge, a mine that has yielded more than 680,000 ounces of gold; Ashdown, a gold and molybdenum mine located near Denio, Nev.; and Borealis, a gold mine located in Hawthorn, Nev. Golden Phoenix Minerals maintains its corporate offices in Sparks, Nev.