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 Nov 01, 2014 8:13am

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Post# 23084686

RE:RE:Settlement...

Ha. No idea. Just trying to make light of the fact there seems to be no end to this. Although I am not complaining as it probably means progress is being made. What makes no sense to me is the simple fact that audited financials to Mar 31 2013 would have validated many if not all of GGNs actions. Certainly would have helped clear the air with shareholders who felt justifiably 'ripped off'. Simple inexpensive and the only truly independent assessment (in an ideal world) of a public company that was seemingly not a priority. Why? Every week I see companies with little to no cash in the bank still managing to file audited financials. GGN should have had ample resources to complete their financials in the first half of 2013, but didn't. Signed an agreement in Jan 2013 that lead to near complete loss of Borealis within 7 months, filed Chapter 11 in July 2013, all in the absence of audited financials post-Mar 2011 to back any of it up. Why would the Board of Directors (ironically consisting of experienced accountants) not insist audited financials be completed? They seemingly did not. Why are shareholders expected to be 'OK' with this? Why are regulators 'OK' with this? Not good enough. All in my humble opinion of course.

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