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 Kiwi3on Nov 02, 2012 7:02pm

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Post# 20557381

RE: RE: RE: RE: RE: RE: RE: RE: How low will ggn g

spec. We will know if they are a winner in two weeks. It is a question of whether or not this management has dealt with the problems. I think they have but it will take a bit (a few months) to hit the bottom line. Remember they only figured they could get 10,000 ozs at 40 % recoveries out of the releach. They seem to be on track.

Standard start up issues.

Remember this is releach right now and they are actually getting good results on this stuff. Imagine what they can do on fresh ore. If they cannot do it there are people right here in Nevada who can. I think they can do it on the oxides and there are a lot more oxides on the property.

The sulphides are something else.

I am in for another million shares or so over the next few months once I clear another asset. It is a choice between Ontario property and Nevada gold. Nevada gold wins.

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