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 03, 2013 3:50pm

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Post# 20931381

RE: RE: RE: Alternatives...

And it will be taken back.

Read the PR carefully. They have signed an operating agreement and have " entered into agreements to" . It is not done yet. A lot of hurdles to get over. Should take about a year or so considering investigative requests for information, consents, Waterton and the Gryphon directors establishing that they are authorized to do a transaction of this nature in the US. Being a foreigner taking a control position in a US asset of course requires a review of registrations and detailed company background. Waterton will be opening everything up for public review. This should be interesting.

The embarassment cost of this to Waterton is very very high.

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