Gryphon Gold Begins Heap Leaching at Borealis Mine
September 26, 2011 - Gryphon Gold Corporation (GGN:TSX; GYPH:OTC.BB) is pleased to
provide an update of the onsite construction work for the Borealis Oxide Heap Leach Operation as of September 23, 2011. The project remains below budget. The Borealis Oxide Heap Leach Project began cyanide leaching of the first production heap leach pad on September 23, 2011. John Key, Chief Executive Officer of Gryphon, commented “The commencement of cyanide solution onto the first heap keeps us in line with our aggressive production schedule. The heap construction is designed for quick saturation and return of pregnant solution to the processing plant. Taking Borealis from ground breaking to fluid flow to the heaps in 110 days is a significant accomplishment that is expected to yield shipment of loaded carbon.” With the completion of the first heap pad, the second panel of heap construction began on September 20, 2011. The project is on target for delivery of loaded carbon (loaded carbon will be shipped to a refinery for custom processing into doré) in September and cash flow in October.
A construction update with pictures will be posted on www.gryphongold.com.
For further information please contact:
John L. Key, CEO and President
1-775-883-1456 [email protected]
Lisanna M. Lewis, Vice President, Treasurer, Investor Relations
1-604-261-2229 [email protected]