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 Aug 06, 2012 6:53pm

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Post# 20188389

RE: RE: RE: RE: RE: RE: Where's update?

It is an awful coincidence Waterton chose to finance Jipangu, Scorpio and Gryphon. All financings were done one after the other. All Nevada heap leach producers. Waterton and Scorpio manage to push Golden Phoenix out of the picture all together. GGN hires O'Neil as CFO from Jipangu and within weeks John Key is turfed and he is CEO. Then voila financing with Waterton. All a coincidence? Maybe.>

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