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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Comment by red911on Feb 06, 2012 11:27am

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Post# 19494719

RE: 1.5 million per month. 1000 ounces/month

"They state they need 1000*1500(Gold price) 1.5million per month to cover costs."

Yes exactly... and they produced 1000 oz Au in January 2012 with the wrong crusher for most of the month and the wrong pump... and gold is not at 1500. The crusher problem is now fixed (drastically increasing tonnage on the pad) and hopefully the pump is on order. February will provide a better picture of where we are headed... and March should be even better IMO.

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