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

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Comment by Kiwi3on Feb 22, 2013 10:59am

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Post# 21028648

RE: RE: RE: RE: Some questions answered

Spec. That was basically what was told to me. All we can do now is try to preserve the 40%. We all got caught by surprise and now are being told that equity will likely be required to preserve it. The board that organized this management had known Mr O'Neil back to Florida Canyon before it was sold to Jipangu.

At the end of the day all we can do is hang onto the rollercoaster and pray Waterton are good operators with all the Barrick staff they have.

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