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

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Post by darwindon Oct 12, 2011 2:29pm

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Post# 19142232

Yup

John's top notch team have been slogging it out for years with very little cash. Times were very lean indeed and as was pointed out they were making sacrifices to keep the operation going. Insiders do own quite a bit and the of total shares but it probably looked like alot more before the financing came in and diluted them all. I believe they have options to buy in at lower prices so no hurries for them. You could look at it another way too. Alot of junior mining companies pay themselves with shares and dilute the hell out of the common holders so it's not always a good sign. John and his team will be rewarded in time and they know it. I would not read to much into it at this point.

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