Gryphon Gold Corporation

GRYPHON GOLD CORP CIK#: 0001262751 (see all company filings)
SIC: 1040 - GOLD & SILVER ORES
State location: NV | State of Inc.: NV | Fiscal Year End: 0331
(Assistant Director Office: 9)
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Mailing Address: 611 N Nevada Street
Carson City, Nevada
89703
Head Office Address: Gryphon Gold
611 N Nevada Street
Carson City, Nevada
89703
Contact Name: Lisanna Lewis Principal Regulator: British Columbia
Business e-mail address: llewis@gryphongold.com Short Form Prospectus Issuer: Yes
Telephone Number: 604 261-2229 Reporting Jurisdictions: British Columbia, Alberta, Saskatchewan, Manitoba, Ontario
Fax Number: 604 608-3262 Stock Exchange: OTCBB
Date of Formation: Apr 24 2003 Stock Symbol: GYPH
Jurisdiction Where Formed: Nevada Auditor: decoria-maichel-teague
Industry Classification: junior natural resource - mining General Partner: xxxxxx
CUSIP Number: 40052G Transfer Agent: Computershare Trust Company Inc.
Financial Year-End: Mar 31 Size of Issuer (Assets): $5,000,001 to $25,000,000http://www.sedar.com/...ng=EN&issuerType=03&issuerNo=00022554  

http://www.sec.gov/cgi-bin/...amp;owner=include&action=getcompany GrB  

Sat Mar 31, 2012
Fiscal 2012 Annual Report
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Thur Mar 31, 2011
Fiscal 2011 Annual Report
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Tues Mar 31, 2010
Fiscal 2010 Annual Report
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Tues Mar 31, 2009
Fiscal 2009 Annual Report
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Mon Mar 31, 2008
Fiscal 2008 Annual Report
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Fri Nov 30, 2007
Fiscal 2007 Annual Report
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Fri Mar 31, 2006
Fiscal 2006 Annual Report
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Thu Mar 31, 2005
Fiscal 2005 Annual Report
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http://www.gryphongold.com/financial_info/annual/  

February 14, 2013
3rd Quarter Report for the period ended Dec 31, 2012
XBRL Filing

August 14, 2012
1st Quarter Report for the period ended Jun 30,2012
XBRL Filing

February 17, 2012
3rd Quarter Report for the period ended Dec 31,2011
XBRL Filing

Thurs Aug 18, 2011
1st Quarter Report for the period ended June 30,2011
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Fri Feb 12, 2011
3rd Quarter Report for the period ended Dec 31,2010
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Fri Nov 13, 2010
2nd Quarter Report for the period ended Sept 30,2010
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Fri Aug 14, 2010
1st Quarter Report for the period ended June 30, 2010
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Fri Feb 12, 2010
3rd Quarter Report for the period ended Dec 31,2009
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Fri Nov 13, 2009
2nd Quarter Report for the period ended Sept 30,2009
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Fri Aug 14, 2009
1st Quarter Report for the period ended June 30, 2009
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Fri Feb 13, 2009
3rd Quarter Report for the period ended Dec 31, 2008
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Thurs Nov 14, 2008
2nd Quarter Report for the period ended Sept 30, 2008
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Wed Aug 13, 2008
1st Quarter Report for the period ended June 30, 2008
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Mon Dec 31, 2007

3rd Quarter Report for the period ended December 31, 2007
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Fri Nov 30, 2007

2nd Quarter Report for the period ended September 30, 2007
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Tue Aug 14, 2007
1st Quarter Report for the period ended June 30, 2007
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Wed Feb 14, 2007
3rd Quarter Report for the period ended December 31, 2006
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Tue Nov 14, 2006
2nd Quarter Report for the period ended September 30, 2006
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Fri Jun 30, 2006
1st Quarter Report for the period ended June 30, 2006
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Fri Dec 30, 2005
3rd Quarter Report for the period ended December 30, 2005
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Fri Sep 30, 2005
2nd Quarter Report for the period ended September 30, 2005
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http://www.gryphongold.com/financial_info/quarterly/  

by S. W. Ivosevic (1979), a Houston International Minerals Company geologist (a subsidiary of Houston Oil and Minerals Corporation). The property was acquired through a lease agreement with the Whitney Partnership, which later became the Borealis Partnership, following Houston’s examination of the submitted property. Initial discovery of ore-grade gold mineralization in the Borealis district and subsequent rapid development resulted in production beginning in October 1981 as an open-pit mining and heap leaching operation. Tenneco Minerals, Inc. (“Tenneco”) acquired the assets of Houston International Minerals in late 1981 and continued production from the Borealis open-pit mine. Subsequently, several other gold deposits were discovered along the generally northeast-striking Borealis trend and mined by open-pit methods. Also, several small deposits were discovered further to the west in the outlying area known as Orion’s Belt (encompassing the Cerro Duro, Jaimes Ridge, and Purdy Peak deposits). Tenneco’s exploration in early 1986 discovered the Freedom Flats deposit and then in October 1986, Echo Bay Mines (“Echo Bay”) acquired the Nevada assets of Tenneco Minerals.
http://www.gryphongold.com/about_us/history/  

available oxide ore in the Freedom Flats deposit and other deposits in the district, active mining was terminated in January 1990, and leaching operations ended in late 1990. All eight open-pit operations are reported to have produced 10.7 million tons of ore averaging 0.059 opt Au (Golden Phoenix Minerals, 2000). Gold recovered from the material placed on heaps was approximately 500,000 ounces plus an estimated 1.5 million ounces of silver. Reclamation of the closed mine began immediately and continued for several years. Echo Bay decided not to continue with its own exploration, and the property was farmed out as a joint venture in 1990-91 to Billiton Minerals, which drilled 28 reverse circulation (“RC”) exploration drill holes totaling 8,120 feet on outlying targets. Billiton dropped the property with no retained interest. Santa Fe Pacific Mining, Inc. (“Santa Fe Pacific”) then entered into a joint venture with Echo Bay in 1992-93 (Kortemeier, 1993), compiled data, constructed a digital drill hole database, and drilled 32 deep RC and core holes, including a number of holes into the Graben deposit. Santa Fe Pacific had success in identifying new sulfide-zone gold mineralization but terminated the joint venture because of reduced exploration budgets. Echo Bay completed all reclamation requirements in 1994, and then terminated its lease agreement with the Borealis Partnership in 1996.http://www.gryphongold.com/about_us/history/
 

(“Welsh”) negotiated an option-to-lease agreement for the Borealis property from the Borealis Partnership and immediately joint-ventured the project with Cambior Exploration U.S.A., Inc. (“Cambior”). During 1996, Welsh drilled 11 auger holes (totaling 760 feet) into Heap 1 to determine if there was sufficient remaining gold to consider reprocessing the heap. During 1997, Cambior performed a major data compilation program and several gradient Induced Polarization (“IP”) surveys. In 1998, Cambior drilled ten holes, which succeeded in extending the Graben deposit and in identifying new zones of gold mineralization near Sunset Wash. Cambior terminated the joint venture in late 1998 because of severe budget constraints.http://www.gryphongold.com/about_us/history/
 

1997, Golden Phoenix entered into an agreement to purchase a portion of the Welsh interest in the property. Welsh sold its remaining interest in the property to a third party, who in turn sold it to Golden Phoenix; therefore, in 2000 the company controlled 100 percent interest in the lease (Golden Phoenix Minerals, 2000). Golden Phoenix maintained the property during the years of low gold prices, compiled a database, validated the drill hole data, and developed new mineral resource estimates for the entire property.
http://www.gryphongold.com/about_us/history/  

joint-ventured by Golden Phoenix with BMC, which is a wholly owned subsidiary of Gryphon Gold Corporation. BMC, the operator of the joint venture, originally controlled the property through an option agreement with Golden Phoenix whereby BMC could earn a 70 percent joint-venture interest in the property. BMC had the right to acquire its interest in the Borealis property with a combination of qualified expenditures on work programs, and/or making payments to Golden Phoenix, and/or delivering a feasibility study over a period of 5½ years beginning July 2003. In January 2005, BMC purchased 100 percent interest in the lease agreement, and Golden Phoenix surrendered its interest in the property.http://www.gryphongold.com/about_us/history/
 

copper/silver prospect with 26 unpatented lode claims. These claims surround 10 patented, privately owned, lode claims that formed the center of the historic Copper Basin mining district. Gryphon’s claims cover all obvious copper mineralization outside of the patented claims.http://www.gryphongold.com/about_us/history/
 

and about 20 miles west of the town of Mackay. The district is known for high grade copper and silver mineralization from wide quartz veins. The property hosts both high-grade underground copper silver deposits and open pit low-grade copper oxide.http://www.gryphongold.com/about_us/history/
 

received very little modern exploration. The only recent work was done by Phelps Dodge Exploration in 1997 where they performed geologic mapping and sampling and drilled two holes. Highlights include a 25 foot serious of chip samples across several prospect pits and an adit portal, which averaged 5.7% copper and 10.3 opt silver. A 20 foot serious of chip samples perpendicular to the previous line averaged 1.86% copper. These assay results confirm the same underground mining production of the structures.http://www.gryphongold.com/about_us/history/
 

anomalies, which were tested by four drill holes. Hole 1 intersected 225 feet (50 to 275’) of 0.20% copper. Hole 2 intersected 235 feet (70 to 305’) of 0.23% copper and 35 feet (315 to 350’) of 1.79 ppm gold. Preliminary testing of surface samples showed a 95% leach recovery of the copper, with only moderate acid consumption.http://www.gryphongold.com/about_us/history/
 

Gryphon Gold Corporation seeks to:

Develop the Gold resources it has
Find more Gold resources on it current properties
Part of the strategy for the companies focus on Nevada is for the following reasons:

Nevada has a good geological history for finding Gold
Nevada is a mining-friendly state
USA mining assets are a good hedge against a declining U.S. dollar
Nevada is a politically stable part of the world.
Its highly experienced and successful finance and exploration team is known for:
Recognizing hidden value and opportunistically acquiring undervalued exploration projects
Effectively adding value to the asset base by finding more resources and improving the economic viability of the resources.
Capitalizing on these increased values to create enhanced liquidity for the shareholders; employing optimal investment tactics and executing an exit strategy through merger and acquisition.http://www.gryphongold.com/about_us/profile/  

Gryphon Gold's business strengths enable us to achieve our objectives:

The management team - significant mining industry experience, ranging from exploration to finance and operation.
The asset - 2.5 million ounces
Gryphon Gold Corporation (GGN:TSX/ GYPH:OTC.BB) is a U.S.-based mine development company. Our land position is extensive, covering approximately 17,600 acres for the borealis property plus the 60 Nevada exploration properties cover 70 square miles in the state's most desirable gold trends.http://www.gryphongold.com/about_us/profile/  

To date, Gryphon Gold has:

Continued drilling on the Borealis property, in the Graben resource and in the central and western pediment areas. Exploration results: Within the Graben resource drill holes:
Drill Hole

Interval

OZS/T

G/T

G-7

169 m

0.10

3.4

(including)

52 m

0.21

7.2

FF-229

76 m

0.44

15.1

(including)

26 m

1.02

35.0

CBO- 028

60 m

0.23

7.9

(including)

12 m

0.74

25.4

Recent Holes

G-51

39 m

0.15

5

In the north Graben Zone The hole includes 174m interval of quartz-pyrite gold mineralization

G-52

46 m

0.7

2.3

150' north of G-51 a 172 m interval of quartz-pyrite gold mineralization

And

67 m

0.62

2.1

Completed a comprehensive technical review
Digitized 150,000+ pages of historical analysis
Re-logged the cores and cuttings new geophysical surveys (CSAMT, IP, Gradient array) and re-interpreted pervious geological and geophysical data.http://www.gryphongold.com/about_us/profile/
 

The Borealis Property, 27.5-square-miles located in the Walker Lane gold belt of western Nevada.

1.4 million ounces of measured and indicated gold resources and 1.1 million ounces of inferred gold resources have been accredited to the one-square-mile Central Borealis zone.
Previous operators mined and heap leached over 600,000 ounces 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 resourceshttp://www.gryphongold.com/about_us/profile/  

Gryphon Gold continues to develop its Borealis project.
http://www.gryphongold.com/about_us/profile/  

Datum Erster Hoch Tief Schluss     Stücke Volumen
  24.01.14    0,0235    0,0235§0,022 0,022 $ 69.500 1.589
  23.01.14     0,022     0,022§0,022 0,022 $ 3.100 68
  22.01.14     0,022     0,022§0,022 0,022 $ 7.500 165
  17.01.14      0,02     0,025§0,02 0,022 $ 19.000 391
  16.01.14      0,02     0,025§0,02 0,025 $ 146.500 3.261
  14.01.14     0,022     0,025§0,02 0,025 $ 16.000 365
  13.01.14     0,025     0,025§0,025 0,025 $ 10.000 250
  10.01.14     0,012     0,025§0,012 0,025 $ 64.000 794
  09.01.14    0,0292    0,0292§0,0292 0,0292 $ 5.000 146
  08.01.14    0,0295    0,0295§0,0295 0,0295 $ 30.000 885
  06.01.14    0,0295    0,0295§0,0295 0,0295 $ 9.930 293

GrB  

Datum Erster Hoch Tief Schluss     Stücke Volumen
28.02.14 0,0251 0,0299 0,0251  0,0299 $ 13.100 334
27.02.14 0,035 0,035 0,03  0,03 $ 255.000 8.381
25.02.14 0,031 0,031 0,03  0,03 $ 530.000 15.920
21.02.14 0,027 0,0349 0,025  0,0349 $ 95.500 2.519
19.02.14 0,03 0,03 0,03  0,03 $ 10.000 300
18.02.14 0,03 0,03 0,03  0,03 $ 5.000 150
13.02.14 0,028 0,028 0,0262  0,0262 $ 11.000 306
12.02.14 0,028 0,028 0,028  0,028 $ 222 6
11.02.14 0,025 0,03 0,025  0,03 $ 260.000 6.510
10.02.14 0,027 0,03 0,02  0,023 $ 1.220.270 29.689
07.02.14 0,029 0,029 0,025  0,025 $ 70.000 500
06.02.14 0,025 0,025 0,025  0,025 $ 55.000 1.375
03.02.14 0,023 0,023 0,023  0,023 $ 2.100 48

GrB  

Datum Erster Hoch Tief Schluss     Stücke Volumen
  24.04.14    0,0615     0,065§0,0615 0,065 $ 3.000 192

GrB  

Zeit    Kurs Stück
  18:24:36§ 0,07 $ 1.000
__________________
GRATULATION  

Operating Cash Flow (ttm): -4.23M
Levered Free Cash Flow (ttm): -3.85M
http://finance.yahoo.com/q/ks?s=GYPHQ+Key+Statistics  

Total Cash (mrq): 576.04K
Total Cash Per Share (mrq): 0.00
Total Debt (mrq): 25.85M
Total Debt/Equity (mrq): 312.20
Current Ratio (mrq): 0.79
Book Value Per Share (mrq): 0.04
http://finance.yahoo.com/q/ks?s=GYPHQ+Key+Statistics