Gryphon Gold Corp GYPHQ

Metals & Mining Gold

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

Gryphon Gold Corp

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Comment by red911on Apr 19, 2012 2:07pm

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Post# 19813266

RE: RE: RE: NEWS!...

Financing now formally a non-issue going forward. The only other outstanding 'issue' is production. As per last test pour NR: "Our heap leach process is operating significantly better and the leaching cycle continues to advance, which we believe bodes well for future production". IMO next we need definitive confirmation production has improved to at or near cash flow positive levels and is projected (or there are plans) to expand going forward. This combined with some drilling should put us back to a more reasonable range re: share price IMO.

This Waterton deal removes a huge amount on uncertainty... land owners on side, noteholder covenants eliminated, financing to expand and/or take advantage of other opportunities, etc... production details should remove even more uncertainty.

red911

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