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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
Bullboard Posts
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Comment by red911on Sep 20, 2012 3:34pm
194 Views
Post# 20392404

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE

RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE

Belgie...

SGN produced ~8K oz Au in its first year of production (2011).  This included reprocessing material left on pad and some new material.   They have worked through startup year and are only recently doing better.

GGN produced 3K oz Au in its first real quarter of production (albeit after 6 months of startup issues and delays that effectively paralyzed production).  They did this in the most recent quarter exclusively processing existing heaps and dumps and working through normal startup tweaking.  They are expanding pad from 4M tons to 12M tons as we speak.  This will/should have the potential to increase production rate from 3K oz Au/Q to ~9K oz Au/Q.  Remember this is still only processing heaps and dumps.  When they get into virgin ore mining sometime around EOY 2012 (i.e. 3 months from now) recoveries increase from 40% to ~80% and then production has the potential to really takeoff.  By mid-2013... annual rate of at least 50-60K oz Au would be my guess... maybe sooner.  But all this JMHO.

But we'll see.

red911

Bullboard Posts
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