"Surpassing a million ounce gold resource estimate is a significant milestone for the company and a major achievement by world gold exploration standards. According to World Gold Council (WGC) statistics, very few gold discoveries over 1 million ounces are found each year globally. Since Gryphons first drilling programme at the Banfora Gold Project in 2006 there have only been a handful of new discoveries over 1 million ounces made globally, despite the strengthening spot gold price and increased exploration expenditure over that period."
Graph: Number of gold discoveries found per year over 1 million ounces.