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8-K - CURRENT REPORT - GRYPHON GOLD CORP | form8k.htm |
NEWS RELEASE | |
Gryphon Gold Corporation, 611 N Nevada Street, Carson City, NV 89703 |
Gryphon Gold Names Donald B. Tschabrun Chief Operating Officer
Broadens management depth with over 35 years of mining experience
CARSON CITY, NV, August 27, 2012 - Gryphon Gold Corporation (the Company or Gryphon Gold) (GGN: TSX; GYPH: OTCBB), a gold exploration, development, and production company currently producing at its Borealis Oxide Heap Leach Project in Nevada (the Borealis Property), announced today that it has appointed Donald B. Tschabrun as Chief Operating Officer effective with his joining the Company on September 3, 2012. Mr. Tschabrun has over 35 years of international experience in operations and project evaluation in base metal, precious metal and industrial mineral projects.
James T. ONeil Jr., Chief Executive Officer and Interim CFO of Gryphon Gold, commented, Don brings a tremendous amount of leadership and industry experience to Gryphon Gold that is relevant to our objectives of increasing production and reducing operating costs. He has a wealth of knowledge and capability to help us in the further development of the Borealis property given his significant involvement in a wide variety of projects to include the Jipangu oxide heap leach operation. We believe Don, along with our Project Manager, Bob Cassinelli, will be instrumental in the continued advancement of our production capabilities and the extension of our mine life at Borealis. He was most recently Principle Mining Engineer at AMEC plc, a global consultancy providing engineering and project management services for the minerals and metals industry among others. Prior to that, he was the Director of Engineering and COO at Jipangu International. He has also served in a variety of roles for many well known global projects such as the Florida Canyon Mine (USA), Natalka Gold Project (Russia), Tintay Copper Project (Peru), and the Brisas Gold Project (Venezuela). Mr. Tschabrun earned both his Masters of Science in Mineral Economics and Finance and his undergraduate degree in Geological Engineering from the Colorado School of Mines.
ABOUT GRYPHON GOLD:
Gryphon Gold produces gold from
its Borealis Property, which is located in Nevadas 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 Companys 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: www.gryphongold.com.
For further information please contact: | |
James T. ONeil Jr., CEO and Interim CFO | Deborah K. Pawlowski, Kei Advisors LLC |
775.883.1456 | 716.843.3908 |
joneil@gryphongold.com | dpawlowski@keiadvisors.com |
- MORE-
Gryphon Gold Names Donald B. Tschabrun Chief Operating
Officer
August 27, 2012
Page 2 of 2
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, development of oxide 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 disclosed in the Companys periodic reports filed with the SEC
and Canadian securities administrators and in the Companys other reports,
documents, and registration statements filed with the SEC (available at
www.sec.gov) and with Canadian securities administrators (available at
www.sedar.com ). 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 Companys website: www.gryphongold.com
and www.sec.gov or www.sedar.com
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