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Gryphon Gold Corp GYPHQ

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

Bullboard Posts
Comment by metcoalfanon Feb 27, 2012 1:35pm
163 Views
Post# 19592257

RE: GMP...

RE: GMP...

I was a bit disappointed on the call.  Not that I heard anything I didn't like - there were no suprises (and I guess maybe I was disappointed but not surprised there weren't any).  Didn't have the impression that O'Neill prepared much of a presentation in advance - seemed a teeny bid unorganized.  Was most suprised at lack of participation on the Q&A as compared to the last one where there was abudandant institutional participation.  I'd have to guess we won't hear much over next month or so - they will need time for the pregnant leach solution to work whatever magic it can now that they are doing 1200 gpm of solution flow.  I'd have to guess 1 to 2 months at full irrigation capacity before they truly know what they are getting out on the backend.  One has to wonder if proper irrigation produces linear or geometric recoveries - ie are recovered ounces 1/2 at 1/2 full flow, or perhaps less given that processes within the heap are not internally optimized.  Honestly, I have no idea and can't find much of an answer googling around.  Anybody have a trained opinion?  I'm hoping for the latter as that would imply nice improvements in the pipeline with the booster pump installed.  I will give them credit for getting that fixed quickly, as promised, from the prior call.

Bullboard Posts

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