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Current News
Silver Phoenix Update SILVER PHOENIX RESOURCES INC. COMPLETED AIRBORNE SURVEY AT THE RIVER JORDAN PROPERTY AND THE BIG SHOWING/BIG MAMMOTH PROPERTIES Mr. William Murray reports that Silver Phoenix Resources Inc. has completed the airborne geophysical survey of its River Jordan and the Big Showing/Mammoth properties, located in the Revelstoke area of British Columbia. The Company is in the process of plotting the old historical drill holes, the trends and the exposed sulphide layer onto the PDF maps. We will be inserting a geological map showing rock types, faults, sample locations, etc, upon compilation of data. Silver Phoenix Resources Inc. will be offering Flow Thru Shares in the near future and anyone interest, please contact our office for further details. With respect to the Waverley-Tangier Silver/Zinc/Lead Property, Armadillo Resources Ltd. has started its 1,000 metre (3,300 foot) diamond drilling program at its flagship Waverley-Tangier, silver/lead/zinc property located approximately 50 kilometres north of Revelstoke, BC. The company has planned 10 to 12 short holes to be completed on the Tangier workings. For further details, visit Armadillo’s website @ HYPERLINK "http://www.armadilloresources.com" www.armadilloresources.com In September, Mr. Murray attended the Silver Show in Spokane and the expectations look good for the silver market. About Silver Phoenix Resources Inc.: The company is looking for properties for acquisition. The company’s mandate is to acquire and develop gold and silver properties. Silver Phoenix Resources Inc. is listed on the CNSX, the Canadian National Stock Exchange under the symbol SP. William J. Murray, President and CEO
Armadillo starts drilling at Waverley-Tangier 2009-09-28 10:20 ET - News Release Shares issued 8,707,500 ARO Close 2009-09-25 C$ 0.215 Mr. Les Kjosness reports ARMADILLO RESOURCES LTD. ANNOUNCES DRILLING START AT WAVERLEY-TANGIER SILVER/ZINC/LEAD PROPERTY Armadillo Resources Ltd. will start today its 1,000-metre (3,300-foot) diamond drilling program at its flagship Waverley-Tangier, silver/lead/zinc property, located approximately 50 kilometres north of Revelstoke, B.C. The company has planned 10 to 12 short holes to be completed on the Tangier workings. According to an NI 43-101 technical report prepared by James Turner, PGeo, in February, 2009 (posted on Armadillo's website), the Tangier workings contain veins and replacement bodies of high-grade gold, silver, lead and zinc mineralization. Historical production from the property includes a GSC report dated 1928 which stated "that 15 tons of sulphide ore, shipped to Wales in early days, contained 50 grams per tonne (1.50 ounces per ton) gold, 4,290 grams per tonne (130 ounces per ton) silver and 25 per cent lead per ton." Part of the company's 2009 $620,000 exploration and development program includes compilation of data, including detailed mapping and sampling, ground geophysics and an airborne EM-Mag survey. The company's exploration program is under the supervision of David W. Rennie, PEng, and a qualified person under National Instrument 43-101. Mr. Rennie is a director of Armadillo Resources.
SILVER PHOENIX TO START AIRBORNE SURVEY AT THE RIVER JORDAN NEWS RELEASE
June 15, 2009
SILVER PHOENIX TO START AIRBORNE SURVEY AT THE RIVER JORDAN PROPERTY AND THE BIG SHOWING PROPERTIES
Mr. William Murray reports that Silver Phoenix Resources Inc. will conduct an airborne geophysical survey of its River Jordan and the Big Showing properties, both located in the Revelstoke area of British Columbia.
At page 48 of the Silver Phoenix’s final Prospectus dated November 26, 2008 (which is filed in SEDAR.com) it was stated that the Company would use $56,650. of its prospectus proceeds to conduct the recommended Phase 1 exploration program on the River Jordan Property and no funds were allocated to explore any other property of the Company.
It was also stated at Page 48 that:
“The Company intends to spend the funds available to us as stated in this prospectus. There may be circumstances, however, where, for sound business reasons, a reallocation of funds may be necessary.”
On Page 18 of Silver Phoenix’s Resources final prospectus it stated that the Phase 1 work program on the River Jordan Property will include Geological Mapping, rock sampling and magnetometer and VLM – EM surveys at a cost of $56,650.00.
Management of Silver Phoenix Resources has decided that it is prudent, more cost effective and more informative to be doing an airborne survey of the entire River Jordan Property and at the same time to do an airborne survey of the Big Showing property as the two properties are in the same area. The approximate cost of the airborne survey on the River Jordan Property will be $25,000. and the approximate cost of the airborne survey on the Big Showing Property will be $10,000.
More information is available on our properties at the company’s web site, http://silverphoenixresources.com
About Silver Phoenix:
The company’s mandate is to acquire and develop gold and silver properties. Silver Phoenix Resources Inc. is listed on the CNSX, the Canadian National Stock Exchange under the symbol SP.
ON BEHALF OF THE BOARD OF DIRECTORS OF SILVER PHOENIX
William J. Murray, President and CEO
ARMADILLO COMMENCES SPRING EXPLORATION AT PROGRAM AT WAVERLY News Release
ARMADILLO COMMENCES SPRING EXPLORATION AT PROGRAM AT WAVERLY
TANGIER ZINC/SILVER/LEAD PROPERTY
April 23, 2009, Vancouver, BC -- (TSX.V-ARO) Les Kjosness, President & CEO is pleased toannounce the signing of the first contract for the work to be completed on its Waverly/Tangier property, which is located approximately 50 kms north of Revelstoke, BC. The contract with Precision GeoSurveys Inc. is to conduct an airborne geophysical survey providing data to the Company for assistance in determining the depth, length and width of the silver deposit as recorded in the N.I. 43-101 Technical Report produced by Mr. James Turner, P.Geo. for Silver Phoenix Resources Ltd. The electromagnetic survey will be completed in May 2009 giving assistance on determining the location for the proposed summer drilling program. Information about the Company and the N.I. 43-101 Technical Report on Waverly-Tangier is available on our website at www.armadilloresources.com.
Armadillo Resources completed its qualifying transaction with regard to its option to earn a 60% interest in the Waverly-Tangier silver/zinc/lead property in March 2009. Our mandate is to acquire, explore and develop base and precious metals properties throughout North America and we continue to seek out other properties to add to our portfolio.
On behalf of the Board,
‘Les Kjosness’
President and Director
For further information::
Les Kjosness: 604-681-8222
Kirsti Mattson: 604-202-2484 media
Silver Phoenix lists on the CNSX Silver Phoenix Resources Inc. Announces Listing on CNSX, stock symbol is SP
CLOSING OF GRANT OF OPTION TO THE WAVERLY TANGIER PROPERTY
NEWS RELEASE April 02, 2009 CLOSING OF GRANT OF OPTION TO THE WAVERLY TANGIER PROPERTY Silver Phoenix Resources Inc. announces that the Waverley Tangier Property Option Agreement with Armadillo Resources Ltd. closed effective March 30, 2009. Silver Phoenix previously announced by news releases dated January 9 and 26, 2009 and February 25, 2009 that it had granted an option to Armadillo to acquire on interest in the Waverly Tangier Property. Details of the agreement can be found by reviewing those news releases and by also reviewing the Silver Phoenix Resources Inc. website: silverphoenixresources.com. About Silver Phoenix: Silver Phoenix is a mineral exploration company with a focus of exploring silver properties in the Province of British Columbia. ON BEHALF OF THE BOARD OF DIRECTORS OF SILVER PHOENIX William J. Murray, President & CEO
Property Agreement Update SILVER PHOENIX RESOURCES INC.
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