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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Comment by red911on Sep 12, 2012 10:00am

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Post# 20351488

RE: Gryphon

Never too late to start communicating. Given the startup issues, maybe they are just waiting for this to be a 'sure thing'? Not making excuses for them but that's the only reason that would seem to make any sense. That said, they now have the A/S increase approved, have a detailed mine plan incl. detailed expansion plans, have achieved operational profitability (albeit marginally), have hired in COO, have issued options at all-time low prices, hired an IR firm months ago, etc. What could they now possibly be waiting for? Is the low in and share price finally going to start showing signs of strength to reflect progress and potential here? >

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