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 May 01, 2012 10:16am

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Post# 19856045

Cash flow positive...

Cash flow positive, pouring gold, expanding capacity, and drilling. Fantastic. Good job GGN... keep it up.

Still a relatively bare bones NR but I am not complaining don't get me wrong. Would have liked some more detail re: drill plans. Also, dore gold content could be a little better but I am sure they are working on this. A few surprises to the upside re: production assays and drill results could really put us back on track in the weeks/months ahead. Again... not complaining... just traded at 19 cents and finally we have some volume. Exciting times.

At 20 cents GGN still only valued at ~$40M.

red911

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