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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
Comment by red911on Aug 15, 2013 10:27am
131 Views
Post# 21672841

RE:'next milestone'...

RE:'next milestone'...Repost...

red911 - (12/17/2012 11:09:21 AM)
'next milestone'...

From last update...

""Increasing our solution throughput is the next milestone. Once the additional carbon columns are installed, we expect production and sales to increase."

The company anticipates approval of its application to update its existing water flow permit, which is currently under review with United States Forest Service and the Nevada Department of Environmental Protection, by year-end. The updated permit will allow for an additional set of carbon columns and higher pumping capacity. The carbon columns have been ordered and are being manufactured. Once operational, and pending the closing of the bonding requirement, the operation will have the capacity to handle solution throughput more than double the current solution flow of approximately 1,000 gallons per minute to 2,500 gallons per minute."

With pad expansion complate, conveyors operational, and larger crusher being assembled, it would seem increased fluid flow and increased carbon capacity (extraction) are the final pieces to be added.  Both set to be operational by end of December (on conference call we were told permit could come as early as mid-December, i.e. now).  Then we start to see increased production and sales.  IMO we should see some immediate production impact of adding the 2x fluid flow and carbon column capacity (combined with other expansion efforts).  Have often wondered if the fluid flow and carbon capacity may have been a significant limiting factor here re: production.  Either way things should continue to get better from here.  All we need is confirmation all of these pieces are finally in place.


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