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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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(5)
•••
Comment by TomyHHon Feb 03, 2013 2:31pm
119 Views
Post# 20931181

RE: RE: Alternatives...

RE: RE: Alternatives...

You haven't read then news release from September that I referenced in my last post.

The had restructured the deb repayments with $900.000 monthly rate starting by March.

Now they have a higher rate on their 40% + the $5.6Mio to pay back in July

If they still have $4Mio why it was a problem to get production ramped up until March ?

Bullboard Posts
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