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 Feb 06, 2012 9:48pm

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Post# 19497718

All things considered...

A good day. Likely less than 2 months behind. Still expected to be self funded thru to full production rate of 43K oz Au per year. How many other juniors are doing that AND have property like Borealis to explore? Really glad to finally know what has been going on and to hear it straight from Company. Well done. IMO the selling has been way over done and will be interesting to see if we get a little short covering rally in the week ahead. Anyone else notice some big firms asking questions? These guys could move us back up fast if they liked what they heard.

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