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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
Bullboard Posts
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Comment by red911on Jun 05, 2014 1:58pm
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Post# 22634242

RE:$51,004...

RE:$51,004...Here's another example of a company with little to no financial resource who has managed to complete and file annual audited financial statements.IRONICALLY James T. O'Neil Jr. is a director of this company and signed AUDITED annual financial statements dated Apr 30 2014. 

Josephine Mining Corp. had cash and equivalents of just $14,147 as at Dec 31 2013 and $4,596 as at Dec 31 2013.... YET THEY WERE ABLE TO FILE AUDITED FINANCIALS...

Why was GGN not able to complete its audited financials to March 31 2013?  Did not even complete the quarterlies to that date.  Juniors with no cash flow and no producing properties are able to complete their financials yet GGN did not do so just a few months after signing a JV with Waterton that was presumably entered into so the company could continue to thrive and succeed.  6 months later CHapter 11 filed.  Unbelieveable really.
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