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 Dec 13, 2012 12:21pm

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Post# 20725480

RE: RE: RE: RE: Cashflow needed to repay Waterton!

The 50% increase in pad capacity, increased pumping capacity and fuid flow, increased crushing and conveyor capacity, increased carbon column capacity, and the addition of high grade virgin material will have a rather dramatic positive impact on production capacity. All of these production capacity improvements are scheduled to be complete THIS MONTH. Also these capacity improvements WILL eventually translate into sales. GGN has set the bar at 2-2.5K oz Au per month at ~$700/oz Au. If they reach this within the next 2-3 months GGN will not have a $15M market cap. $2-$2.5M per month is more than enough to pay debt and finance a rather large continuous drilling program to FINALLY DRILL THIS PROPERTY and hopefully get some market recognition for the +2.5M oz Au resource here.

IMO was can hopefully anticipate a NR confirming all of these capacity improvements are complete in the next couple of weeks, if not early in the New Year. JMHO.

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