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 red911on Jan 05, 2012 8:23pm

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Post# 19374577

New Presentation on website...

Revenue and cost estimates are good. Lower 2011 production of 3700 oz Au which we knew. Cash costs per ounce reiterated at under $400 per oz. That's fantastic. Even at $1600 per oz Au that's a solid $4M in net revenue for our first 2 months or so of production. +$50M next year. Again glad to see cash costs of just $400 per oz. No mention of what $4M PP is for or drill results although much talk of potential. Anxious to see some news.red911

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