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Mineral Ridge Gold Project

Discovered

1864

Mine Closed

2005

Leach Pad Operations Began

February 2011

Reserves

Measured and indicated resources: 4.6mt graded at 1.462g/t Au; Inferred resources: 3.7mt graded at 1.120g/t Au

Geology Type

An altered core sequence hosting unaltered and unfolded Precambrian aged strata in detachment fault contact with underlying deformed granitoids and metamorphic rocks of the Precambrian age

Developers

Mineral Ridge Gold, a joint venture of Golden Phoenix (30%) and Scorpio Gold US (70%)

Ownership

Golden Phoenix (30%) and Scorpio Gold US (70%)

Mining Services Contractor

Ledcor CMI

Crushing Contract for Restacking of Leach Pad

Canyon Construction Company
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