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About Gryphon Gold Corporation (TSX: GGN) (OTCBB: GYPH)
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.
October 28 - AXcess News: Gryphon Gold Unveils Mine Development Plan
Gryphon Gold Corp. (TSX:GGN - News) (OTC.BB:GYPH - News) revealed its long-awaited mine development plan that will put its Mineral County Nevada Borealis Property on a fast-track pace of production, reaching positive cash flow four months after construction of its heap leach pad. The Company also gave its first-ever Outlook towards revenue that would rank the Nevada mining company sixth against its peers in annual ounces mined, once the mine was in full production.
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