Gryphon Gold Corp. Stock Analysis GYPHQ

Gryphon Gold Corp. engages in the business of acquiring, exploring and developing gold properties. The company is headquartered in Carson City, Nevada and currently employs 4 full-time employees. The company went IPO on 2006-03-08. The firm'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 firm'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 firm continued drilling on the Borealis property in the Graben resource, and in the central and western pediment areas.