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 Apr 26, 2012 9:40am

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Post# 19838017

RE: RE: Mineral Ridge

Maybe a SGN-GGN partnership bids for this interest?... Hey now that would make more sense... and would seem completely possible given both companies have the cash. Now you have me thinking LOL. Of course such a partnership would probably lead to SGN-GGN consolidation which could be a very good thing for us IMO. Monday is auction day. Either way will be interesing to see what happens to this 30% interest in Mineral Ridge. Whatever it sells for could help us determine value for Borealis with some certainty.

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