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 red911on Mar 29, 2012 10:32am

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Post# 19732867

RE: The good news!

Feb 24th CC... "This brings me to the ADR (adsorption desorption refinery) construction. The ADR construction is moving along well. We have all the major components onsite and we expect construction to be completed early in March, so we can begin to run solution, troubleshoot, and complete the startup testing by the end of March and begin the process of producing dore."

If everything is still on schedule as per this Feb 24th CC.... Without a doubt refinery construction should now be complete and testing should now be well underway. Anxious to hear how testing is progressing. If everything going well GGN could/should be doing some real gold pouring soon?

Need some NRs to bring back momentum we had in the Fall. GGN will very likely be a cash flow positive dore producer with +2M oz Au deposit that has huge expansion potential located in Nevada with a market cap of $29M. Upside is huge.

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