Gryphon Gold Announces Financial Results for 1st Quarter Ended June 30, 2009
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 14, 2009) - Gryphon Gold Corporation (TSX:GGN)(OTCBB:GYPH) (the "Company") reported a net loss of $395,716 or $0.01 per share for the three months ended June 30, 2009 compared to a net loss of $1,438,906 or $0.02 per share during the same period in the prior year, on greater shares outstanding. Exploration costs decreased by $409,215 as there was no exploration drilling done on the Borealis property during the current quarter. The Company continued to focus on completing the Pre-Feasibility Study while conserving cash.
