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 Kiwi3on Jun 25, 2012 9:22pm

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Post# 20053474

RE: RE: RE: Comment and Questions...

unh. The people are out there and there are a number of them in Nevada that can do it and even know the property better than the current management so they can hire the talent. Waterton would support progress in this direction.

The longer time line is normal. If you target the high grade and are treating a concentrate you do not need an expensive project to get good returns. As a matter of fact precision targeting of the pure oxides will get high recoveries on the cyanide leach. Allied is doing a parallel oxide leach and sulphide float-they know what they are doing. While it is my opinion as well that is what an Australian told me and he knows a lot more than I do. He is also funding them.

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