OTCPicks.com, announced today that it has initiated Profile Coverage of Gryphon Gold Corporation (TSX: GGN)(OTCBB: GYPH) on its exclusive penny stock alert service. Gryphon Gold is a Nevada-focused gold exploration and development company. Gryphon Gold Corporation recently announced that the Board of Directors has developed a strategy to expedite the Borealis Heap Leach Project production timeline, assuming adequate financing and regulatory approval. Visit http://www.otcpicks.com today to learn more about Gryphon Gold Corporation (TSX: GGN)(OTCBB: GYPH).
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Company Overview
Gryphon Gold is a Nevada-focused gold exploration and development company. Its principal gold resource, the 1.4 million ounce (measured and indicated) and 1.1 million ounce (inferred) Borealis deposit, is located in the Walker Lane gold belt of western Nevada. The Borealis gold system is one of the largest known volcanic-hosted high-sulphidation gold bearing mineralized systems in Nevada.
The principal asset of Gryphon Gold Corporation is the Borealis Property, 27.5 square miles located in the Walker Lane gold belt of western Nevada. The one square mile Central Borealis zone is accredited with 1.4 million ounces of measured and indicated gold resources and 1.1 million ounces of inferred gold resources. Previous operators have mined and heap leached over 500,000 ounces of gold from this zone during their collective 10-year tenure. There are at least five other highly prospective zones that are currently being explored that have the potential to host significant gold resources.
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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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