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 29, 2012 9:06am

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Post# 20427411

RE: RE: Will this trend break?

They announced the target of 25K-30K oz Au pr year target months ago and they reiterated it about a month ago at AGM. They just got access to $5M to complete expansion no ifs and or buts about it. This will hopefully allow them to start virgin ore mining asap. They are also now loading material definitely defined by very recent drilling. It's all coming together but just taking longer than we thought IMO. A cliche I know but If you believe now is the time to buy. Who knows... there are obviously risks... but there are riske everywhere.>

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