Golden Phoenix Minerals has contracted Telesto Nevada for preparing a Notice of Intent to perform mineral exploration at its Vanderbilt claim group, which is located near the Silver Peak town and besides the Mineral Ridge gold project.
Telesto will support Golden Phoenix in creating the map and reclamation estimations for a final bonding determination needed previous to the start of the exploratory drilling at the Vanderbilt gold and silver project. The extent of this exploration will employ the present disturbance and any later disturbance that is proposed will be below five acres.
Golden Phoenix’s CEO has commented that the company is commencing to develop its multi-project drilling campaign. The company is expecting to pronounce the expansions of additional projects in the near future.
Telesto offers complete service consultation in science and engineering, which includes construction, design and construction management services. It has wide knowledge in the civil engineering, geotechnical, geology, hydrology, and geochemistry fields.
The company has received an option to get an 80% interest in the Coyote Fault project and Vanderbilt project, which are located contiguous to the Mineral Ridge gold project. At present, Golden Phoenix continues to have a 30% interest in the Mineral Ridge gold project.