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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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Monday March 15, 10:21Diamondcorp: a big cash injection and a lot of work to do

70% of the new money was raised from current shareholders, reflecting a hefty amount of faith in the management to deliver.

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Monday March 15, 11:38Calvin Klein owner buys Tommy Hilfiger for US$3 billion from Apax Partners

The New York listed shirt and neckwear company is paying €1.924 billion in cash and issuing €276 million in PVH common stock (approximately 8.7 million shares) to fund the transaction.

 

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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, August 21, 2009

Gryphon Minerals has more high grade gold hits at Banfora Gold Project

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Investors watching news from Gryphon Minerals (ASX: GRY) could be excused for thinking that high grade drill results are the norm each time the company puts a hole in the ground at the Banfora Gold Project in Burkina Faso.

With these results, it appears to be so.

Recent diamond and Reverse Circulation resource drilling from the Nangolo target at Banfora, has intersected high grade gold mineralisation, within and outside of the current defined resource at the Nogbele gold deposit.

A new zone 800 metres further to the east of the current defined resource where results include 8m @ 4.43g/t & 24m @ 2.75g/t gold. Significant rock chip’s of up to 90g/t gold were found in this immediate area also highlight the potential for further mineralised zones and demand immediate follow up drilling

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

Gryphon expects a new resource estimate in the second half of 2009 after the completion of this drilling campaign.

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