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 Mar 20, 2012 8:52pm

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Post# 19697521

Gold Stream...

$15M gold stream with Waterton. All previous debt now a non-issue. 15M warrants issued to keep noteholders and likely PO holders happy is a small price to pay (heck for those worried 5M warrants recently expired worthless). This new financing arrangement will give GGN a lot of flexibility. Pre-selling our gold at market prices. What's not to like? Anxioous to hear of production, ADR, refinery, pad expansion, drilling... all now possible sooner rather than later. Great news IMO. Just buy. Great job Gryphon Gold. red911

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