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.

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Gryphon Gold Corp

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Comment by red911on Mar 30, 2012 5:36pm

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Post# 19741314

RE: RE: RE: ADR NEWS!!

My guess would be they are finalizing financing details and nothing tends to get released while that work is ongoing. They have already told us in great detail where they expect to be and what they plan to do going forward. IMO unless that schedule and those plans have changed significantly there is nothing really 'material' to report and an update will come when the time is right. Also IMO, but with the time they have had to 'get it right' there is no reason to think they aren't now producing some very profitable gold.>

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