Telesto will assist Golden Phoenix in map generation and reclamation calculations for a final determination of the bonding required prior to commencement of exploratory drilling on the Vanderbilt silver and gold project.

The scope of exploration will use existing disturbance and any new disturbance that is planned will be less than five acres.

Golden Phoenix has an option to earn an 80% interest in the Vanderbilt project and the Coyote Fault gold and silver project, both are near Silver Peak, Nevada.

Telesto provides full-service consulting in engineering and science including design, construction and construction management services.