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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 Nov 01, 2011 12:57pm
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Post# 19198882

RE: Next Week!

RE: Next Week!The drill program started Sept 27th. I wouldn't be surprised if they had at least some results now. Maybe all from the initial 3600 ft program. Remember they also expanded it immediately by more than double with an additional 4000 ft planned. This phrase is key IMO... "Gryphon made an initial shipment in September of 150 dry pounds of partially loaded carbon in September. This initial shipment allowed for the confirmation in procedures concerning shipment, receiving, sampling, assaying, security and settlement."... i.e. they knew the ballpark for recoveries just before they decided to embark on a drill program not previously expected to commence until after revenue stream established. Coincidence? Maybe but it does make for good speculation while we wait LOL. Either way... IMO the writing is one the wall here... I don't think we have anything to worry about. red911
Bullboard Posts
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