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 paperboy222on Feb 24, 2012 8:19am

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Post# 19578156

RE: Interim Financing...

Red.

As mentioned before, they need to raise the cash via private investment from another major who see's the big picture. Issue the shares & warrants directly to ABC Gold Company and be done with it.. Allowing a major to hold a certain % of this company, would not be a bad deal for any party especially the share holders. Not to mention this industry needs to be financed from the industry and not always going to Bay / or Wall street.

This would also add some lacking credibility to the current BOD, having a big GOLD CO. name would fix this issue and add value in the current share price., It would also help the company and shareholders directly in that it might deflect thoughts of others from trying to take over.

Plenty of big name Gold players in Nevada that could sit with a 10%+ ownership..

I'm not done with the thought process that a Gold Company hasn't started the process. There no way TD is buying all this discounted shares for themselves. Its being accumulated for a 2nd party.

Cheers

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