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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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Comment by red911on May 14, 2012 7:46pm
129 Views
Post# 19908183

RE: 10% more

RE: 10% moreEverything getting slaughtered because of Eurozone uncertainty. Greece deal tomorrow? IMO there is no way the IMF and ECB will let Greece go down road to default, yet anyway. The immediate fallout for Spain and Italy would be too much to handle. Ther will likely be some kind of deal tomorrow, the Euro will rally and so will markets. POG should move back to at least 1600. The IMF announced recently they would be buying more gold because global losses higher than expected, normally POG would be up today. SGN had favourable earnings report today. First quarter of commercial production following 8 months of startup last year. They made $4.8M on just 7200 oz Au in the quarer... $672 per oz cash cost. GGN was at a quarterly rate of about 5000 oz Au in just their first month of startup production. Very similar operations. What we have to look forward to I guess. >
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