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 28, 2012 4:27pm

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Post# 20065901

RE: Gryphon Gold Announces Financial Results for 2

This is a lot better than expected and they are just doing releach for the time being. There are oxides out there with twice the grades once they are permitted and have the extended pad, crusher and mining equipment (contractor and leasing is always an alternative).

Now a strategic plan would be a nice touch.

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