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.

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Gryphon Gold Corp

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Comment by red911on May 30, 2013 4:51pm

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Post# 21463078

RE: RE: 12000 tons per day...

The 12,000 ton per day processing capacity was mentioned since at least October 15 2012. On as recently as December 5 2012 it was slated to be finished by 'year-end'. Lead to believe this was Dec 31 but ended up being fiscal year end I guess. Point is... many such deadlines were never met throughout 2012 IMO. Here's a FUN FACT... In May 2012 they produced almost 1500 oz Au processing releach at just 2500 tons per day... How high will/should production be this May assuming they are now mining new ore and processing 12000 tons per day with increased fluid flow and (presumably additional carbon colums)? All speculation on my part as we don't even know if any of these improvements promised many times before are actually finally finished. Fiasco. No plan. No results. >

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