drilling announcement---

Could do an Adamus and prove up 1m + oz



Gryphon Minerals Limited
ACN 107 690 657
________________________________________________
PO Box 536 Ground Floor, 45 Richardson Street
WEST PERTH WA 6872 WEST PERTH WA 6005
Telephone: + 61 8 9322 1330 Facsimile: +61 8 9322 1331
3rd November 2005
Australian Stock Exchange
Exchange Place
2 The Esplanade
PERTH WA 6000
Commencement of RC Drilling - West Africa
Gryphon Minerals Ltd (GRY) is pleased to announce the commencement of the
Company’s first drill program at the Banfora Gold Project, located in Burkina Faso, West
Africa.
This initial Reverse Circulation (RC) drill program is designed to target two well defined,
laterally extensive (+2km’s), high order magnitude geochemical (+250ppb Au) and
coincident geophysical anomalies at the Nogbele Prospect. The prospect contains
historical drilling with multiple gold intercepts including up to 24 metres @ 4.46g/t gold
from 4 metres depth.
Previous drilling at the Banfora Gold Project was successful but limited in scope
(shallow), with holes drilled to a maximum of 50 metres below surface and of open-hole
and wide-spaced reconnaissance style. The current drill program of approximately
2000 metres, will aim at infilling as well as extending gold mineralisation down dip and
along strike from previous drill intersections at the highly prospective Nogbele Prospect.
Gryphon Minerals is exploring the Banfora Gold Project through an “earn-in” Joint
Venture agreement which can grant Gryphon Minerals the right to acquire 90%
(Government 10%) of the Project.
The Banfora Gold Project is located in the south-west of Burkina Faso, West Africa in a
major gold producing district host to such world class gold deposits as Tongon (2.9 Moz)
Syama (5.2 Moz) and Morila (5.6 Moz). The project area contains two granted
exploration licenses and three exploration license applications covering a total of
1150km2 and entirely encapsulating the highly prospective “Loumana” Birimian
geological belt within Burkina Faso.
The Project area is easily accessible by road and in close proximity to the town of
Banfora. A 100km sealed road connects the project to the city of Bobo Diolasso, the
second largest in Burkina Faso, and a further 350km to the country’s capital city
Ouagadougou. Grid power is located only 30km from the eastern boundary of the
project.
________________________________________________

Highlights of the Banfora Gold Project include:
A substantial landholding of 1150km2 entirely encapsulating the highly prospective
“Loumana” Birimian geological belt within Burkina Faso.
Located within a major gold producing district along strike and in close proximity to the 2.9 Moz
Tongon (30km), 5.2 Moz Syama (90km) and 5.6 Moz Morila (140km) gold mines.
Plethora of highly prospective exploration gold targets including the “Nogbele Prospect”
containing immediate drill targets.
Numerous well defined, high-order magnitude geochemical soil anomalies (+250ppb gold) that
extend for a combined strike length in excess of 10 kilometres.
Previous historical drill results include:
BFLR126 – 28m @ 4.46g/t gold from 4m.
BFLR286 – 9m @ 4.43g/t gold from 21m.
BFLR201 - 6m @ 6.16g/t gold from 8m.
BFLR013 - 2m @ 35.00g/t gold from 8m.
Historical drilling is limited, maximum hole depth is 60 metres (inclined) with the average hole
depth of just 30 metres. All previous drilling is by Rotary Air Blast (RAB) and open-hole RC.
Numerous high tenor rock chips, with little or no follow up work throughout the project area
including 90.4g/t gold, 52.8g/t gold, 29.9g/t gold and 28.0g/t gold.
Highly prospective geological sequence of Birimian rocks with major regional structures and
several styles of gold mineralisation already identified within the project area.
Close proximity to infrastructure, 100km (~1 hour) by sealed road to Burkina Faso’s second
largest city of Bobo- Diolasso and only ~30km from the project area to a major power grid.
M A L I
C O T E
D ’ I V O I R E
0
KILOMETRES
10
Soubakanie
Niankoradougou
Loumana
Fourkoura
Baguera
Birrimian Greenstone Belt
Minor Highway / Road
Prospect Location
To Railway
and Power
~2.5kms
Eburnean Felsic Sediments / Granitoid
1150 Kms² Area
- Entire Greenstone Belt
Banfora Gold Project
Wolloufasso
Fourkoura Main
Fourkoura South East
Nadieleme
Fambefesso
600m @ 0.25g/t Au
Drill Intersections Include: Soil Geochemical Anomaly
28m @ 4.60g/t Au
3m @ 7.25g/t Au
9m @ 4.33g/t Au
7m @ 4.45g/t Au
2000m @ 0.25g/t Au
Soil Geochemical Anomaly
1000m @ 0.25g/t Au
Soil Geochemical Anomaly
2000m @ 0.25g/t Au
Soil Geochemical Anomaly
3 x 1000m @ 0.25g/t Au
Soil Geochemical Anomaly
Nogbele Prospect
Niamey
Ouagadougou
G u l f o f
G u i n e a
G H A N A
B U R K I N A F A S O
Accra
Lome
Porto-Novo
Monrovia
Abidjan
0
KILOMETRES
LOULO
BONIKRO
BIBANI
OBOTAN
OBUASI
POURA
YOUGA
TAPARKO
TONGON
SABODALA
MORILA
SYAMA
(5.6Moz)
(5.2Moz)
(2.9Moz)
(4.0Moz)
(5.0Moz)
(2.8Moz)
(42Moz)
Pre-Eburnean Orogenic Domain
Granitoids - Eburnean Orogenic Domain
Non-Granitoids - Eburnean Orogenic Domain
Post-Eburnean Anorogenic Domain
LEGEND
National Boundary
300
BURKINO FASO
(10Moz)
(1.3Moz)
(1.5Moz)
(1.5Moz)
(2.0Moz)
(1.2Moz)
SALMAN
CHIRANO
(2.3Moz)
(1.2Moz)
PERKOA
(7Mt @ 17% Zn)
ESSAKANE
Major Mine / Deposit
BANFORA GOLD PROJECT
Banfora Gold Project
Simplified Geology of West Africa
BANFORA GOLD
PROJECT