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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Post by red911on Oct 16, 2012 12:07pm

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Post# 20488879

Going Forward...

Over the next 2-3 MONTHS... not years.... months/weeks...

- Leach pad capacity has been increased by 3x (from 4M to 12M tons)... Crushing and hauling capacity also increased accordingly.

- Carbon column capacity (and I assume pump/fluid capacity/rate) will be increased by 2x (from 5 to 9, I believe).

- AND Virgin ore will begin which should increase recoveries by at least 2x (from 40% to 80%).

Individually each action would increase production rate by some margin... Combined what will be that margin? 2x? 3x? More? Given they are producing more than 1K oz per month (we'll find out exactly how much more on Nov 15th)... Wouldn't it seem possible their target rate of 2-2.5K oz Au per month may be a little low? That is if all goes as planned. Thoughts?

red911

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How a junior advances one of the largest undeveloped diamond projects