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 Nov 06, 2012 9:57am

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Post# 20566754

RE: RE: Laboratory...

In the immediate term... SGN (Nevada heap leach producer) is producing about 2K oz Au per month at costs of about $900/oz Au (if my memory serves), has no where near the resource as GGN Borealis, yet has a market cap of +$60M... GGNs market cap is a mere $18M. Therefore, if GGN shows increasing production towards goal of 2-2.5K oz Au per month (at a cost of less than $700/oz Au) GGN share price should increase by a factor of at least x3.5... or +30 cents... near previous highs. IMO eventually they will quiet all naysayers... their actions prove it.

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