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

Comment by poservon Dec 06, 2007 3:10pm

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Post# 13927315

RE: RE: RE: RE: Help me out here

A number of investors were burned last year on this play and i think that some find it hard to believe the board of ggn when it comes to news releases/ general credibility of the board is the issue. It's the term to production factor that really lets us down here, remember we are fully permitted. But are still 3 years away from production! Why i hear you ask........the answer is the resource cost estimate; too expensive at borealis for 700,000 ounces. The plus side is that we're extending the mineralized zone and have most recently acquired a vast amount of new prospects which could in the future be leased to smaller venture co's or used by us. This new change in direction away from production at borealis has totally changed the game plan for many who thought they were on board for near term production.

Bullboard Posts

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