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Gryphon Gold Corp GYPHQ

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

Bullboard Posts
Comment by red911on Dec 21, 2012 3:27pm
198 Views
Post# 20762650

RE: RE: RE: RE: RE: RE: RE: 074 GMP...

RE: RE: RE: RE: RE: RE: RE: 074 GMP...

Thanks Belgie24. It is about time but I guess things take time.

High grade at Borealis? Absolutely.

https://www.gryphongold.com/about_us/profile/

There has been speculation for years another Graben-type deposit is lurking beneath highly prospective surface expressions. Not to mention already defined 2.5M oz Au resource.

HIGHLIGHTS

To date, Gryphon Gold has:

  • Continued drilling on the Borealis property, in the Graben resource and in the central and western pediment areas. Exploration results: Within the Graben resource drill holes:

Drill Hole

Interval

OZS/T

G/T

G-7

169 m

0.10

3.4

(including)

52 m

0.21

7.2

FF-229

76 m

0.44

15.1

(including)

26 m

1.02

35.0

CBO- 028

60 m

0.23

7.9

(including)

12 m

0.74

25.4

Recent Holes

G-51

39 m

0.15

5

In the north Graben Zone The hole includes 174m interval of quartz-pyrite gold mineralization

G-52

46 m

0.7

2.3

150' north of G-51 a 172 m interval of quartz-pyrite gold mineralization

And

67 m

0.62

2.1

  • Completed a comprehensive technical review
    • Digitized 150,000+ pages of historical analysis
    • Re-logged the cores and cuttings new geophysical surveys (CSAMT, IP, Gradient array) and re-interpreted pervious geological and geophysical data.
Bullboard Posts