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.

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Gryphon Gold Corp

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Post by red911on Jan 05, 2012 9:14am

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Post# 19371844

SGN...

For those new to GGN, SGN is very similar to GGN. Not posting to pump SGN as I don't own any but I do follow them given their similarity to GGN. Almost everything about the two companies current operations is identical except SGN is a few months ahead because they started a few months before. Heap leach, previous producing mine, expansion potential, Nevada, etc., etc. SGN has no royalty oblogations but they only own 80% of property. The similarities are many IMO.

Anyhow, SGN has been producing and drilling to expand resources. They have been releasing results for months now. See NR today. Market seems happy with these results given pre-bids.

SGN market cap is about $100M. IMO GGN market cap would be that now (
.50) had there not been start-up production issues. If these are now on their way to being resolved we will get there sooner than later IMO. Optimal production combined with ADR plant completion (this month or next) and we will be there easily. Factor in frequent release of promising drill results and we could/should be at least
.70-
.80. Based on using our twin, SGN, market cap as a guide. BTW... SGN does not have a defined resource anywhere near GGNs oxide resource let alone massive sulphide resource and potential.

red911

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