The West Australian recently reported that frustration with assay backlogs were driving West Africa's gold juniors, including Gryphon Minerals, to build their own on-site laboratories in a bid to speed up processing times.
Apparently, the aim is to fast-track assay results, making it easier to plan drilling programs and quicker to upgrade resources and keep investors happy (including myself, I must say!).
Slow assay processing turnaround times have made it hard for GRY to respond to the surge of activity.
It was reported that Steve Parsons had said that the turnaround for assays had jumped from two weeks to eight, and that there's so much going on in Burkina Faso/West Africa that "it's booming". He added that Gryphon was waiting on about 35,000 samples and that Gryphon was therefore in the process of setting up its own "prep lab", where it could grind and crush samples before sending them to an external laboratory.
We all look forward to hearing further about Gryphon's share of the so-called "boom".
GRY Price at posting:
$1.26 Sentiment: LT Buy Disclosure: Held
