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 Kiwi3on Feb 02, 2013 10:51am

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Post# 20928762

RE: RE: RE: What's the incentive?

You are right. Gryphon will not hire anything and all Waterton did was let them hand them 60% of the asset. In December the permit was coming by the end of the month and they believed they had the cash required; In January the pump was replaced and operational and they would catch up;at the end of January they give up 60% of the asset. No prior disclosure and misleading progress reports on how everything was under control and 40% recoveries.

So based on these reports, as transcribed and on the website, people continued to invest.

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