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Gryphon Gold Corp GYPHQ

Gryphon Gold Corporation is a mine development company. The Company's principal asset is Borealis property. The Borealis Property is 27.5 square miles located in the Walker Lane gold belt of western Nevada. The Company's land position covers approximately 17,600 acres for the Borealis property and over 60 Nevada exploration properties, which cover approximately 70 square miles in the state's gold trends. The Borealis property has approximately 1.4 million ounces of measured and indicated gold resources, and approximately 1.1 million ounces of inferred gold resources have been accredited to the one square mile Central Borealis zone. Its Borealis property has over five other prospective zones that are being explored, which have the potential to host significant gold resources. The Company continued drilling on the Borealis property in the Graben resource, and in the central and western pediment areas.


GREY:GYPHQ - Post by User

Bullboard Posts
Post by red911on Mar 21, 2012 2:13pm
173 Views
Post# 19701219

Surprised...

Surprised...

Same old meaningless low volume trading again today.  Surprised after yesterday's release but I guess building confidence can take some time.  IMO either we see a delayed reaction to this news or market will wait for positive production confirmation/outlook.  Can't blame them really.  As per Feb 24th conference call that could/should come at any time.  We'll see.

J. O'Neil:... "So with the heap leach material being loaded on the pad and the solution being moved up to the pad, we’re now subject to the chemistry of what occurs on the pad in the leaching process, as it
produces a pregnant leach solution to process through the carbon columns and, ultimately, the refinery.

This brings me to the ADR (adsorption desorption refinery) construction. The ADR construction is moving along well. We have all the major components onsite and we expect construction to be completed early in March, so we can begin to run solution, troubleshoot, and complete the startup testing by the end of March and begin the process of producing dore."

Bullboard Posts