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 red911on Feb 05, 2013 8:30pm

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Post# 20943502

RE: RE: RE: Questions

Spec... the senior facility $20m was repayable in gold at 20% discount to spot or cash equivalent plus 5% interest rate. Amount including cost of borrowing becomes $25m. Predatory terms. The exploration and expansion potential is well documented in previous technical reports etc. Has never been a priority for current mgmt to even dicuss it. This property has been studied to death at surface but little to no exploration in recent years. Yet everyone seems to still want property. >

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