VANCOUVER, BRITISH COLUMBIA — (Marketwire) — 07/18/11 — Gryphon Gold Corporation (TSX: GGN)(OTCBB: GYPH) is pleased to announce that on site construction work for the Borealis Oxide Heap Leach Operation as of July 18, 2011 is on schedule and below budget. Gryphon anticipates first revenue from gold sales in October, 2011.John Key, Chief Executive Officer of Gryphon Gold, commented, "Construction progress has been impressive. We set a very aggressive schedule that goes from groundbreaki