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Additional information
Additional Information
Market: ASX
Sector: General Mining
Epic: ASX:GRY
News: Latest news
Web Site: Gryphon Minerals
Other Articles: 26-11-200921-09-200921-08-2009

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Thursday March 18, 08:01SmartFocus, Amphion Innovations and National Milk Records confirmed for March 18 Forum

The presentations will start at 6:00pm and finish at approx 7:30pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.

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Thursday March 18, 01:14Cisco remains at the forefront of internet infrastructure

The stock has recently managed to breakout above the long term resistance found at the $25 level which should now provide support for any pullback before the share price drives higher

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Monday March 15, 08:01China's growth boosting commodity prices

The latest economic figures from China have put pressure on the dollar and boosted a number of high-yielding currencies, including the Australian dollar and the South African rand.

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Gryphon Minerals

Gryphon Minerals

Gryphon Minerals (ASX: GRY) is a Perth-based mineral exploration company established with the express purpose of exploring and developing gold deposits in West Africa.  At the company's flagship Banfora Gold Project an aggressive drilling and regional exploration programme is being carried out to assist in unlocking the full potential of the project. Gryphon considers the results to date to be extremely significant, reinforcing the potential for the Banfora Gold Project to host large scale gold mineralisation.
 

Friday, July 03, 2009

Gryphon Minerals reveals high grade rock chips found at Banfora Gold Project, Africa

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West African focussed gold developer Gryphon Minerals (ASX:GRY) has reported stunning rock chip sample grades up to 53.1 g/t at its Banfora Gold Project.

Interestingly, these were found along strike of the current resource. A new parallel structure was also identified where rock chips found graded 7.5g/t and 6.5g/t gold.

An ongoing drilling programme will test these new mineralised extensions over the coming weeks as well as along strike from the previously released drill intercept in BNRC823 of 24m @ 4.75g/t gold.

The current drilling programme will continue to target shallow high grade gold mineralisation (≈100 meters vertical depth) outside of the current inferred resources of 10.6Mt @ 2.4g/t for 820,000oz gold resource estimate. 

Gryphon will release a new resource estimate in the second half of 2009 at the Banfora Gold Project.

Investors may recall the Banfora Gold Project is located in the south‐west of Burkina Faso, West Africa in a major gold producing district.

This is host to such world class gold deposits as Tongon (4.2Moz) Syama (5 Million oz Au mined & 6.5 Million oz Au in resources) and Morila (6.5Moz).

Gryphon's project is owned 100% by Gryphon Minerals and contains contiguous exploration licenses covering approximately 1150km2 of a major gold district. The project is easily accessible by road and in close proximity to the town of Banfora and the major city of Bobo Diolasso. Grid power is located approximately 30km from the eastern boundary of the project.

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