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 May 01, 2012 3:02pm

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Post# 19857912

RE: RE: RE: RE: Very interesting truthbesold

I am sure first priority is to expand near-surface oxide resources but I agree they should also start compiling sulphide resource in preparation for inevitable development down the road. A few holes into the Graben would quickly remind the market of the true potential here. IMO some new and expanded near-surface oxide discoveries would also turn a few heads. RC drilling is very quick and inexpensive. Depending on when this program actually started they should be able to produce initial results within a few weeks. Of course this also depends on how they choose to release results... i.e. wait for program to be complete or release as they progress. Given the news vacuum of late I would hope they release as program progresses to finally generate some intrerest.

In 2010 they started a program on May 3rd and has results releases by the 25th (18.3 metres at 2.13g/t Au Oxide Borealis).

red911

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Futures Flat Amid Key Data in Canada and US