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 Mar 02, 2013 7:49pm

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Post# 21068542

Time...

The convenient emergency boiler failure didn't give our precious Board of Directors enough time to find any alternatives to the Waterton JV which places GGN in just as vulnerable position as before. With some $9M debt due between now and July 31 and JTO admitting production will not meet these obligations, surely they now have enough TIME to refinance ALL remaining Waterton debt? And I would hope this does not mean issuing 200M shares to Waterton at 4 cents. >

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