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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 poservon Nov 27, 2006 11:55pm
360 Views
Post# 11761104

RE: Big Disappointment

RE: Big Disappointmentexactly, we all kind of put this stock on the HOLD/BACKBURNER to me this was a low risk investment one that could not fail. This is such a shocker i'm still pinching myself! I limped out at 1.02 and am fascinated to see how this will turn out. If the precious metal reserves were reduced by a third , then we can surely reduce the mining costs by a third. The sp has already been chopped by a third. Still seems feasible to be! I think an oncoming market correction will occur too sending this project into the mid 50's. Way too many over inflated mining stocks out there. Gryphon only have one play and no others to fall back on. This is seriously catastrophic news everyone. I know my stockbroker is crapping his pants right now!
Bullboard Posts
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