bleeding, page-14

Hi Gooch

Have visited the site in the last week.

Some very interesting mineralisation now being more fully exposed by artisinals. They are all over the River Crossing prospect, and not just for a physical work out. What is obvious is that the there are 2 (at least) directions of gold mineralisation, and these are at approx at right angles. What this means simply is that if you drill at right angles to one, you are drilling parallel to the other. So life can be a little complex! Which is what I have said before in posts. It means that for these systems where this exists

a. you will not get winners everytime, until you work out which is the better direction in particular prospect.
b. need to be very careful in the opening drill rounds and establish tight control (or get the artisinals to open up the site so you can see the mineralisation controls).

How I read the report is

1. They are trying to develop sites like River Crossing (Intrusion related/hosted) as a priority (Amimbiri and Wadaradoo are 2 others in this category), as they are oxide, deeply weathered and have the potential to be very big, but probably low grade in a bulk tonnage sense. (Gryphons Nogbele is an example of what might be there, but Ampella has 3 such sites now. but all at early stage, but these take a little geological nouse and some patient drilling coupled with good turn around from labs..Gryphon has been working on Nogbele since July 2005 and only recently appreciated the potential of the bulk tonnage mineralisation). If you look at Volta Resources ground immediately north you see they have over 1 m ozs in Jorc Resource in their Porphyry Cu-Au system, so no one could be surprised to see some serious bulk tonnage ounces merge from the intrusion related mineralisation style

2. They have completed stage 1 drilling at 2 new sites (Torkera and Konkera South), and so this is very early stage, and results are very encouraging for this stage.

More results to come for sure.

Prep lab is working excellently.

The assay labs in Burkina need to get a rev up, and mngt in these labs these is not good (setting priorities, communicating etc), or Ampella needs to rev out of them. One apparently took the AMX samples and then signed up on a contract to do all of the grade control work for a new mine, without telling other customers....Essakane...so throughput performance was pathetic. All of the Australian Companies in Burkina need to take the labs in Burkina to task, or simply send there samples elsewhere (this means you have to go through some paper work for every sample batch, bit more cost), but they need to get the results back, (especially in complex ore systems). I am sending samples elsewhere. Life too short.

All for now, but there is plenty of gold in them thar hills, and some of the prospects are yet to get drilled.