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Gryphon Gold Corp GYPHQ

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

Bullboard Posts
Comment by red911on Nov 01, 2011 1:36pm
173 Views
Post# 19199002

RE: RE: RE: Next Week!

RE: RE: RE: Next Week!In the orignial drill program annoucement... last paragraph... 4000 ft program really a 7600 ft program.Gryphon Gold starts drill program on Borealis property2011-09-28 10:51 NT - News ReleaseMr. John Key reportsGRYPHON GOLD COMMENCES DRILLING PROGRAMGryphon Gold Corp. has commenced an exploration drill program on the Borealis property. Gryphon Gold mobilized one reverse-circulation drill on Sept. 27, 2011, to begin a 3,600-foot drill program.The program will complete a series of holes that is designed to obtain additional mine planning data in the Borealis pit for reserves defined in the technical report dated April 25, 2011, the "NI 43-101 Prefeasibility Study Update of the Mineral Resources of the Borealis Gold Project Located in Mineral County, Nevada, USA" prepared in accordance with National Instrument 43-101 of the Canadian Securities Administrators. Additionally this drill campaign will obtain mine planning data from the Deep Ore Flats deposit plus additional holes will be drilled to expand the known reserves of the Northeast Ridge deposit. Drilling will also be conducted over the northeast ridge run of mine heap which was a run-of-mine heap leach that is believed to contain minable gold and silver ounces based on past drilling that was conducted on wide spacing. The ROM heap is not presently included within the reserves defined by the NI 43-101 technical report.Plans are currently in place to expand the program by an additional 4,000 feet to drill areas of inferred resources, and if successful, upgrade their category to measured and indicated and analyze them for inclusion into the minable reserves.We seek Safe Harbor.
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