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 9:36pm

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Post# 20053506

RE: June 9 2011...

Red. They are treating releach which would only be feasible at these Au prices. To get into the other potential they have to extend the leach pad, get a crusher and get the permits which means cash deposits. I am assuming Friday they will explain how they have this all under control including the permits. Hopefully they have a strategic plan that they can share because if they do not we may have a bunch of short term(CPA, CMA,etc) cowboys with no vision - just buying into retirement. We will know shortly.

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