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 Feb 13, 2014 9:06am

217 Views

Post# 22203875

RE:RE:Experts...

"Monthly Operating Report for Filing Period Ending December 2013 (LOVATO, CHRISTINA)"

December 2013 operating report filed in court this week... Anyone have access?

If now profitable I guess that means GGN will keep 36% interest as that is the point of Chapter 11 is it not? Kiwi... What overhead? There should be no more overhead in this relatively small heap leach operation than any other comparable profitable operation. Also... WHO is compiling this operating report on behalf of GGN? In terms of costs related to operation of Borealis production... Who is providing the day-to-day oversite normally provided by CEO or other management (employed by Company)? Waterton? If so not surprised costs are 'high'. Shareholders need an independent expert onsite every day charged with ensuring site is being run efficiently and in the interest of profit maximization. Is there anyone doing this?

Things seem to be moving forward.

Shareholders DESERVE answers.

red911

https://chapter11cases.com/2014/02/12/gryphon-gold-corporation-bankruptcy-new-filing-alert-required-bankruptcy-reporting-regarding-schedules-of-assets-and-liabilities-statement-of-financial-affairs-monthly-operating-report-or-other-per/

Posted on February 12, 2014 by Randall Reese—No Comments ↓

On February 11, 2014, a required bankruptcy reporting regarding schedules of assets and liabilities, statement of financial affairs, monthly operating report or other periodic report was filed in the bankruptcy case of Gryphon Gold Corporation and its affiliates. The filing was assigned docket number 111 and is described on the court’s official docket as follows:

Monthly Operating Report for Filing Period Ending December 2013 (LOVATO, CHRISTINA)

Gryphon Gold Corporation filed for bankruptcy protection, or had an involuntary bankruptcy petition filed against it, on July 29, 2013. The bankruptcy case is pending before the United States Bankruptcy Court for the District of Nevada. The case number for the lead bankruptcy case is 13-51496. The bankruptcy case is currently assigned to United States Bankruptcy Judge Mike Nakagawa. The law firm of Harris Law Practice LLC is acting as lead bankruptcy counsel to Gryphon Gold Corporation in the bankruptcy case.

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