BUSINESS OBJECTIVES
Gryphon Gold continues to develop its Borealis project.
PRINCIPAL ASSETS
The Borealis Property, 27.5-square-miles located in the Walker Lane gold belt of western Nevada.
- 1.4 million ounces of measured and indicated gold resources and 1.1 million ounces of inferred gold resources have been accredited to the one-square-mile Central Borealis zone.
- Previous operators mined and heap leached over 600,000 ounces from this zone during their collective 10-year tenure.
- There are at least five other highly prospective zones that are currently being explored that have the potential to host significant gold resources
HIGHLIGHTS
To date, Gryphon Gold has:
- Continued drilling on the Borealis property, in the Graben resource and in the central and western pediment areas. Exploration results: Within the Graben resource drill holes:
|
Drill Hole
|
Interval
|
OZS/T
|
G/T
|
|
|
G-7
|
169 m
|
0.10
|
3.4
|
|
|
(including)
|
52 m
|
0.21
|
7.2
|
|
|
FF-229
|
76 m
|
0.44
|
15.1
|
|
|
(including)
|
26 m
|
1.02
|
35.0
|
|
|
CBO- 028
|
60 m
|
0.23
|
7.9
|
|
|
(including)
|
12 m
|
0.74
|
25.4
|
|
|
Recent Holes
|
|
|
|
|
|
G-51
|
39 m
|
0.15
|
5
|
In the north Graben Zone The hole includes 174m interval of quartz-pyrite gold mineralization
|
|
G-52
|
46 m
|
0.7
|
2.3
|
150' north of G-51 a 172 m interval of quartz-pyrite gold mineralization
|
|
And
|
67 m
|
0.62
|
2.1
|
|
- Completed a comprehensive technical review
- Digitized 150,000+ pages of historical analysis
- Re-logged the cores and cuttings new geophysical surveys (CSAMT, IP, Gradient array) and re-interpreted pervious geological and geophysical data.
CORPORATE STRENGTHS
Gryphon Gold's business strengths enable us to achieve our objectives:
- The management team - significant mining industry experience, ranging from exploration to finance and operation.
- The asset - 2.5 million ounces
Gryphon Gold Corporation (GGN:TSX/ GYPH:OTC.BB) is a U.S.-based mine development company. Our land position is extensive, covering approximately 17,600 acres for the borealis property plus the 60 Nevada exploration properties cover 70 square miles in the state's most desirable gold trends.
STRATEGY
Gryphon Gold Corporation seeks to:
- Develop the Gold resources it has
- Find more Gold resources on it current properties
Part of the strategy for the companies focus on Nevada is for the following reasons:
- Nevada has a good geological history for finding Gold
- Nevada is a mining-friendly state
- USA mining assets are a good hedge against a declining U.S. dollar
- Nevada is a politically stable part of the world.
- Its highly experienced and successful finance and exploration team is known for:
- Recognizing hidden value and opportunistically acquiring undervalued exploration projects
- Effectively adding value to the asset base by finding more resources and improving the economic viability of the resources.
- Capitalizing on these increased values to create enhanced liquidity for the shareholders; employing optimal investment tactics and executing an exit strategy through merger and acquisition.