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 red911on Jul 31, 2013 2:14pm

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Post# 21641885

RE:Yesterdays Hearing

Stayed.

https://www.ccwashoe.com/public/ck_public_qry_doct.cp_dktrpt_docket_report?backto=D&case_id=CV13-01610&begin_date=&end_date=

GYPHE voluntarily filed Ch. 11 petition therefore negating yesterday's shareholder inspired 'application for appointment of receiver'.

Affairs of GYPHE will now be directed by court appointed receiver under protection of Ch. 11 laws. Creditor meeting Aug 26 2013. Should be interesting.

Still surprised existing GYPHE directors have not resigned given this news. JMHO.

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