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 Sep 19, 2012 10:08pm

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Post# 20388788

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: Jipang

This was only done to commission ADR plant. GGN had to continuously sell their own loaded carbon as it was produced and didn't have enough at the time to properly run through ADR when initially completed back in April. This was discussed in conference call at the time. No surprises here and was a 1 time thing. Was more of a loan of material really. That was 5 months ago as well. I will be interested in Jul-Sep production and beyond to get price moving back north.>

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