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 red911on Dec 20, 2012 7:19pm

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Post# 20758456

RE: RE: RE: permitting

Spec... Great find. That is the first time I have seen that stated in print. If they are now confident they will reach 25-30K oz Au per year at $700/oz Au WITHOUT ANY FURTHER DEBT OR DILUTION then that is a huge revelation. Cash flow potential going forward is significant. Current market cap of just $14M. 2.5M oz Au resource in Nevada. Cash flow positive producer. Internally funded exploration is what I am looking forward to. HoHoHo.>

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