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 metcoalfanon Feb 03, 2013 5:43pm

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Post# 20931587

RE: RE: An at large question

Now we are talking. The 35 came from the roughly 25 million debt referenced in the p/r, plus the 4 mm in payables I was assuming in an earlier post, plus the 4 mm capital call which was also in the p/r - I rounded up a little bit - maybe there are several millions that could be shaved off. You absolutely get to pick slate of directors and should be CEO if you bring that to the table. The directors and CEO have not performed over the last year - my lack of disdain for the Waterton deal should not be confused with any remote sense of satisfaction with lack of real progress at the Borealis over the last 18 months. I only like this Waterton deal in the absence of a viable alternative. I for sure as shoot didn't buy in for this deal on the table.

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