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 Oct 15, 2012 3:24pm

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Post# 20485457

RE: RE: RE: RE: Operational Update

Re-reading this I realize there is likely a very distinct difference between 'production' and 'sales'... they may have sold 3300 oz Au in Q1 but production may well have been higher... considering in May they 'produced' 1400 oz Au... would indicate a quarterly production rate of 4200 oz Au... Maybe they did produce closer to this number in Q1but only 'sold' 3300 oz Au? Is this possible? I see in today's SGN release they distinguish explicitly between Au produced and sold and there are differences... a similar 'production update' for GGN would answer all questions... they have said they will only release production numbers in quarterlies... so I guess we wait another month... c'est la vie.

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Futures Flat Amid Key Data in Canada and US