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Gryphon Gold Corp GYPHQ

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

Bullboard Posts
Post by red911on Jun 05, 2013 1:49pm
84 Views
Post# 21487927

Positive Production News?...

Positive Production News?...

Here's a few questions to consider...

When was the last time GGN released some positive news about actual production?

Go through the past years NRs... lots of news re: production capacity improvements... all very optimistic and positive... but lots of 'construction delays' and missed deadlines... IMO even though many improvements were described as nearing completion or completion was imminent, months later we often found out that it was not yet complete... found myself scratching my head more than once... Also, little to know news or details about actual production... They adopted the 'Quarterly-only' policy for production results in mid-2012 and even in the reports/financials details were minimal IMO... All said, recoveries never seemed to be the issue... the amount of material processed was always lower than anticipated... Why?... Who was responsible for that?

Now go to GGNs website...

Try and find something current re: actual production, recoveries, exploration, mine site photos, etc.... Not much there hugh?

Isn't all this just a little odd for an emerging producer in Nevada?  Compare to SGNs website.  GGNs is beyond pathetic and has been for months. 

As far as I can tell shareholders are supposed to accept that a boiler failure led to the catastrophic destruction of this company and subsequent share price collapse.  Go back and find something that would make you believe or says otherwise.  We were never told recoveries were an issue, we were never told chemistry was an issue, we were never told the resource was an issue, etc.  'Construction delays', 'no permit' and 'boiler failure'.  Really?

 

Bullboard Posts