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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
Bullboard Posts
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Comment by red911on Apr 25, 2012 10:51pm
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Post# 19837102

RE: RE: RE: RE: RE: Gryphongold.com

RE: RE: RE: RE: RE: Gryphongold.comThe 8K clearly states the "80% of the gold spot price as the value of gold" only concerns the $15M credit facility. The gold and silver supply agreement is completely separate where Waterton will buy any and all gold and silver not required to pay credit facility at market rates. This is a good deal and can work out favorably for all parties. It all comes down to production. Like I said before, if GGN is ramping up to rates anywhere near December estimates they will be flush with cash. We are due.>
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