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 Feb 19, 2013 8:57pm

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Post# 21013475

Production Update?...

Did we really just have a conference call a month after a 'sudden' and 'severe' equipment failure and NOT get an update on production results, ounces produced, etc.? Nothing. Did that really just happen? Although building the infrastructure is more important, I forgot. New ore? Who needs it!? We are building infrastructure! WGV basically just 'bought' a 60% interest in this entire property in exchange for 60% of the debt incurred to build the infrastructure on the property... also known as its replacement cost. +2M oz Au and potential apparently worth $0... WGV interested in being a partner but assets and ounces and potential not worth more than infrastructure on property? Not right IMO.

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