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

Bullboard Posts

Comment by red911on Mar 21, 2012 12:29pm

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Post# 19700449

RE: RE: pumping

The 15% is only on the $1.5 bridge which is only expected to be in place for maximum of 2 months (May 19) until $15M gold stream is in place. We could see gold stream finalized sooner IMO.

What now stands between +40,000 oz Au per year and drilling the heck out of Borealis with no further dilution as was the original plan? Not very much as far as I can see.

I am long and have every right to be bullish now that the cloud of uncertainty that has surrounded GGN 'money situation' for weeks has been positively lifted. Next up... production update.

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