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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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Monday February 08, 08:40Alliance Pharma gains 18 new prescription products in acquisition

The company is paying up to £17.8m for privately owned Cambridge Laboratories and expects the deal to be significantly earnings enhancing in the current full year.

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Monday February 08, 09:33Tethys Petroleum achieves flow rates of over 5,400 bopd at AKD01 discovery in Kazakhstan

Current mapping indicates that the AKD01 well is in a downdip location on the prospect Doris with approximately 56 metres of elevation updip of the well, potentially bringing the entire lower reservoir into the oil zone.

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Tuesday February 09, 01:53Chindex International reports increasing medical and healthcare revenues

Healthcare products and services group Chindex International (NASDAQ: CHDX) reported increasing revenues as it continued to expand its operations in the People’s Republic of China (PRC).

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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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