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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 Jul 09, 2012 9:17pm
156 Views
Post# 20096595

RE: RE: Mine Plan etc...

RE: RE: Mine Plan etc...PB... Yes I think that is the plan for the next few months with the ultimate goals of achieving up to 30K oz Au annual rate at cash costs of between $500-$600 per oz Au. But that is about all the detail we know for the next 6 months. What happens beyond that? Where will they be mining? How/when will debt be paid? Will they expand again next year? We used to have a 'plan' for 6 years (?) as per prefeasibility. That is obviously no longer valid and that's fine but let's hear about what replaces it. Let's hear about what the drilling confirmed and what it means for the bottom line. IMO all this will be welcome news. This time when we see a 'plan' it is comong from a company that is already cash flow positive... not a company that is hoping to be... big change.>
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