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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 Apr 10, 2012 10:07am
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Post# 19775231

Waterton Global Website... GGN...

Waterton Global Website... GGN...

IMO there is a more concise and more timely summary about what GGN has been doing and plans to do on Waterton website than we have seen/heard communicated directly from Company. Something wrong with that IMO. GGN is now producing and pouring gold but you'd never know it. When are they going to start getting the message out?

https://watertonglobalresource.com/gryphon-gold-2/

Gryphon Gold Corporation (TSX: GGN): a US gold and silver producer, approached Waterton Global to provide a lending facility to:

  • Refinance existing debt on the company’s balance sheet
  • Complete a push back to access the defined resources in the nearby pits
  • Complete the ADR plant on site
  • Additional working capital facility
  • Build out additional heap leach pads to expand the leach recovery process

....

Effective Results:

  • Given the balance sheet strength provided by Waterton Global and management’s operational progress, Gryphon Gold was able to ramp up their production at the Borealis Mine while continuing with their drill program to expand their resources.
  • The company is able to raise additional equity capital, as required, with the removal of the limitations contained in the previous debt facility.
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