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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Post by red911on Aug 15, 2012 12:41pm

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Post# 20220564

How?...

How do we go from projected production of 46K oz Au per year, internally financed post $10M PO, all expected in 6-7 months... TO... 11 months in and... 12K oz Au per year production rate, unknown financing requirements, no drilling, very little outlook, etc. Would love to know what really went on here and why production is STILL dismally low... averaged just over 1000 oz Au per month in Q12013... pathetic... is there any gold on this property?

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Futures Flat Amid Key Data in Canada and US