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 darwindon Mar 21, 2012 1:52pm

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Post# 19701089

Bridge

12 to 15% is standard for a bridge loan. Albiet we are at the high end. The term is short and it is only meant for some breathing room until full production. Red is quite right in his assesments. Scorpio was in our shoes at one point as well. This is the beginning of the GGN story not the end. In my opinion. Time will tell.

Cheers,

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