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 7:59pm

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Post# 20931770

RE: RE: RE: RE: RE: RE: An at large question

Well the property lease and mining rights were granted to a US corporation under US control. Now that is attempted to be changed and there are not a lot of details as to exactly who this group is and the source of their funding. The precedent for review comes from a recent case in Nevada, First Gold (I think), who brought in a chinese investor and it was disallowed by homeland security.

So I think the change of control will precipitate some reviews. Probably will have to because of the precedent set before.

So I guess all the details of who is funding this group here and abroad will be investigated. US assets and a foothold can be very strategic which is why there are reviews.

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