Close X Cookies are necessary for the proper functioning of By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
Gold & Silver Prices in
Gryphon Gold Completes Expansion of Heap Leach Pad
Published : December 05, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
Keywords :   Gold | Recovery | Silver | Water |

CARSON CITY, NEVADA--(Marketwire - Dec. 5, 2012) - Gryphon Gold Corporation (the "Company" or "Gryphon Gold") (News - Market indicators)(OTCQB:GYPH), a gold exploration, development, and production company focused on its Borealis Oxide Heap Leach Project in Nevada (the "Borealis Property"), announced today that it has completed the heap leach pad expansion, increasing the total stacking capacity 50%, from 4 million tons to 6 million tons. Solution flow has commenced on the expanded pad with solution break through expected by late-December.

Recently, two 500-foot conveyor systems were put into operation, which has allowed the Company to process between 5,000 and 6,000 tons of ore per day, more than doubling the previous rate of 2,500 tons per day that was achieved in October and November. Installation of an additional jaw crusher is anticipated to be completed by year-end and, once finished, Gryphon Gold will have the capability to process more than 12,000 tons of ore per day.

Donald B. Tschabrun, Chief Operating Officer of Gryphon Gold, commented, "We continue to pour and ship gold weekly from our ADR facility cycle, while concurrently making significant progress with our Phase 1B initiatives that will increase our operational capacity. The completed expansion of our leach pad and the additional ore handling capability are two important Company objectives that have been achieved. Increasing our solution throughput is the next milestone. Once the additional carbon columns are installed, we expect production and sales to increase."

The Company anticipates approval of its application to update its existing water flow permit, which is currently under review with U.S. Forest Service and the Nevada Department of Environmental Protection, by year-end. The updated permit will allow for an additional set of carbon columns and higher pumping capacity. The carbon columns have been ordered and are being manufactured. Once operational, and pending the closing of the bonding requirement, the operation will have the capacity to handle solution throughput more than double the current solution flow of approximately 1,000 gallons per minute to 2,500 gallons per minute.


Gryphon Gold produces gold from its Borealis Property, which is located in Nevada's Walker Lane Gold Belt. The Company is expanding its production capacity and advancing the development of the oxide heap leachable gold and silver historically identified that includes both pre-processed and unprocessed ore. Gryphon Gold also plans to further expand and develop the significant sulphide resource available through exploration, metallurgical design and sulphide project permitting and development. The Borealis Property contains unpatented mining claims (including claims leased to the Company's wholly owned subsidiary) of approximately 20 acres each, totaling about 15,020 acres, which has successful past production.

Gryphon Gold routinely posts news and other important information on its website:

Safe Harbor Statement

This press release contains "forward-looking statements" and "forward-looking information" within the meaning of United States and Canadian securities laws, which may include, but are not limited to, statements relating to operating results; expansion of production capacity, improve recovery rates, pending permit application, development of resources, and plans to advance the development of the Borealis Property. Such forward-looking statements and forward-looking information reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including risks associated with mining operations, risks associated with the oxide heap, risks associated with exploration, metallurgical design and project permitting and development and the risks and uncertainties outlined under the section headings "Forward-Looking Statements" and "Risks Factors and Uncertainties" in the Annual and Quarterly Reports, as filed with the SEC and Canadian securities administrators and in the Company's other reports, documents, and registration statements filed with the SEC (available at and with Canadian securities administrators (available at Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, believed, estimated or expected. The Company does not undertake to update forward-looking statements or forward-looking information, except as may be required by law. Full financial statements and securities filings are available on the Company's website: and or

Gryphon Gold Corporation
James T. O'Neil Jr., CEO and Interim CFO
Gryphon Gold Corporation
Deborah K. Pawlowski, Kei Advisors LLC
Companies Mentionned : Gryphon Gold | Total | X-ore |
Data and Statistics for these countries :
Gold and Silver Prices for these countries :

Gryphon Gold Corp.

Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
Projects & res.
Asset profile
Contact Cpy
Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
In the News and Medias of Gryphon Gold Corp.
4/26/2010Gryphon Gold hires exploration VP
Annual reports of Gryphon Gold Corp.
2008 Annual report
Financings of Gryphon Gold Corp.
3/20/2012Announces $1,500,000 Bridge Loan Facility, as the First Stag...
5/25/2011Announces US$382,500 Over-Allotment Option Exercise
5/18/2011Announces Closing of US$10,000,000 Equity Financing
5/13/2011Announces Terms of $10,000,000 Equity Financing
2/7/2011Announces Filing of Registration Statement and Preliminary S...
1/21/2011Closes C$1.3M Private Placement
1/5/2011Announces Proposed C$800,000 Private Placement
11/29/2007Closes Second Tranche of C$5.44M Private Placement
11/23/2007 Closes First Tranche of C$5.44M Private Placement
11/15/2007 Announces Increase in Size of Private Placement
8/7/2007Closes C$4.0 Million Private Placement
Nominations of Gryphon Gold Corp.
7/30/2012Announces Resignation of Chief Financial Officer
2/3/2012Announces Management Changes; Appoints James T. O'Neil Jr. a...
1/3/2012Appoints James T. O'Neil Jr. as CFO
7/22/2008Appoints Mining Engineer John Key as CEO & Director
Financials of Gryphon Gold Corp.
11/14/2011Announces Financial Results for 2nd Quarter Ended September ...
8/15/2011Announces Financial Results for 1st Quarter Ended June 30, 2...
2/11/2011Announces Financial Results for 3rd Quarter Ended December 3...
11/12/2010Announces Financial Results for 2nd Quarter Ended September ...
8/14/2008 Announces Financial Results for 1st Quarter Ended June 30, ...
6/27/2008Reports Annual Financial Results for March 31, 2008
2/12/2008Announces Financial Results for December 31, 2007
Project news of Gryphon Gold Corp.
6/26/2012Provides Production Update
5/1/2012Provides Production Update for April 2012
4/3/2012Successfully Completes First Test Production Pour at ADR Pla...
11/9/2011Provides Update on Production
10/14/2011Begins Production, Ships Loaded Carbon
9/26/2011(Borealis)Begins Heap Leaching at Borealis Mine
8/24/2011(Borealis)s Progress on Borealis Mine Development
8/2/2011(Borealis)s Progress on Borealis Mine Development
6/30/2011(Borealis)s Progress on Borealis Mine Development
6/9/2011(Borealis)Begins Construction of Borealis Heap Leach Project
4/26/2011(Borealis)Updated NI 43-101 Pre-Feasibility Filed for Borealis Oxide H...
3/3/2011(Borealis)to Issue Updated Pre-Feasibility Study and Clarifies Mineral...
2/22/2011(Borealis)Announces Extends Option to Fix NSR Royalty
12/2/2010(Borealis)Advances Critical Data Analysis
6/4/2009(Borealis)Pre-Feasibility Study for Gryphon Gold's Borealis Oxide Reso
3/10/2009(Argentite)Signs Letter of Intent on Argentite Property, Nevada
1/9/2008Summary of the Borealis Exploration Program
1/18/2007(Borealis)Gold Resource Model Update
Corporate news of Gryphon Gold Corp.
3/1/2013Provides Operational Update
2/13/2013to Discuss Joint Venture Agreement with Waterton on Third Qu...
1/31/2013Announces Joint Venture With Waterton Global Value L.P.
1/15/2013(Ace)Announces Installation of Replacement ADR Refining Facility ...
1/7/2013Provides Operational Update
12/5/2012Completes Expansion of Heap Leach Pad
11/14/2012Reports $3.5 Million in Revenue for the Second Quarter of Fi...
10/31/2012Announces Second Quarter Fiscal Year 2013 Financial Results ...
10/15/2012Provides Operational Update
9/25/2012and Waterton Agree to Increase Senior Secured Credit Facilit...
8/28/2012Announces Filing of Supplement to Proxy Statement
8/14/2012Reports $5.9 Million in Revenue in the First Quarter Fiscal ...
8/7/2012Provides Operational Update
7/5/2012Mourns the Loss of Director
6/18/2012Announces Fiscal Year End 2012 Financial Results Conference ...
5/29/2012Sets Record Date and Meeting Date For Annual General Meeting
4/19/2012Secures $15,000,000 Senior Secured Credit Facility with Wate...
2/24/2012(Borealis)Provides Third Quarter Fiscal 2012 Financial Results and an ...
2/18/2012Announces Third Quarter FY2012 Financial Results Conference ...
12/5/2011Reports Gold Sales
11/22/2011(Ace)Closes $4.479 Million Private Placement of Units
9/8/2011(Ace)Announces Heap Placement at Borealis Mine
7/27/2011(Ace)Closes $3 million Private Placement of Units
3/14/2011States That Its Policy Is Not to Comment on Unusual Market A...
7/13/2009 signs lease with Newmont
6/12/2009Annual Meeting
4/8/2009Sells Blue Mountain Project to Nevada Geothermal
1/7/2009Employs Cash Conservation While Continuing Plans for Mine Co...
9/3/2008Preliminary Assessment Supports Initial 46,000 ozs/yr Gold P...
8/22/2008Signs Option to Cap Borealis Royalty
8/5/2008Signs Option to Restructure its $5 Million Debt
7/16/2008Retains AGORACOM
5/22/2008Enters Option Agreement with Silver Reserve Corp.
4/29/20082008 Resource Model Update
3/27/2008Report New Resource Calculation End of April 2008
3/5/2008Reports that Blackrock Project, Nevada is to be Drilled by N...
2/28/2008and American Bonanza Terminate Merger Negotiations
2/12/2008Announces Planned Merger With American Bonanza
2/5/2008Smartstox Spotlights Gryphon Gold Corporation
2/5/2008Announces New COO ? Mining Engineer John L. Key
11/7/2007Provides Drill Program Update
11/2/2007CSAMT Geophysical Survey Improves Drill Targeting
10/23/2007 Announces Agreement With Agnex Exploration For Regent Gold-...
10/15/2007Announces an Amendment to Lease With AuEx Ventures Inc. to A...
9/8/2007Reports on Annual General Meeting : Continues to increase ou...
8/23/2007Reports 174 meter (570 ft.) gold mineralized zone
8/22/2007Closes Nevada Properties Acquisition
7/6/2007acquires Nevada Eagle Resources LLC
6/27/2007reports on exploration progress
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
CA$ 0.010
06/27 15:40 -
Prev close Open
0.010 0.010
Low High
0.005 0.010
Year l/h YTD var.
 -  -
52 week l/h 52 week var.
- -  0.010 -%
Volume 1 month var.
236,700 -%
24hGold TrendPower© : -44
Explores for Gold - Silver - Zinc
Interactive chart Add to compare
Print Compare Export
Last updated on : 12/4/2010
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
5 years chart
3 months chart
3 months volume chart
Subscribe to 24hGold’s daily market briefing
  • Prices and data of precious metals in 119 currencies and world mining companies
  • Daily analysis of the economy, markets and more
  • Free, daily and indispensable
Stay informed, subscribe now !
* Your email will never be shared.