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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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(10)
•••
Comment by red911on Nov 14, 2012 3:04pm
146 Views
Post# 20600171

RE: RE: Drilling...

RE: RE: Drilling...

Good eyes Kiwi3.  Did not notice that.  Another great question for CC.  He was an insider for about 1 year, since Sep 2011.  Funny I don't remember 1 exploration hole being drilled in that time period.  He didn't get any options in the latest issuance so the writing was on the wall I guess.

According to sedi.ca (below) appears he ceased to be insider as of Oct 15th.  Coincidentially the same day they released:

Additional efforts to improve operational efficiency

  • Laboratory facility: Equipment has been ordered to develop a fully functional analytical laboratory, which will allow the company to prepare on-site testing of ore samples within a 24-hour period. The facility is expected to be operational by year-end.

Which is presumably because they will be doing a lot of drilling.

What is going on here?  Talk about skeleton crew. 

Former Jipangu executives are GGNs CEO/CFO and COO.  Coincidence?  If not, get on with it. 

red911

View insider profile

Individual information

Family name Jones
Given names (in full) Steven K
Municipality (city, town, etc.) Carson City
Province, territory or state Nevada
Country United States
   

Issuer information


Issuer number 00022554
Issuer name Gryphon Gold Corporation
Insider's relationship to issuer
Senior Officer of Issuer
Date the insider became an insider of this issuer 2011-09-08
Opening balance date  
Date the insider ceased being an insider of this issuer 2012-10-15
 

 

Bullboard Posts
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