gold rush in west africa

Tuesday, 23rd March 2010
High grade gold mineralisation from ongoing drilling -
5m @ 16.00g/t, 7m @ 11.24g/t & 16m @ 5.27g/t Gold
Banfora Gold Project, Burkina Faso
Highlights
 Ongoing drilling intersects multiple zones of high grade gold mineralisation at
the underexplored Nangolo pressure shadow target at the Nogbele Gold
Deposit (Refer to tables and map).
 Mineralisation is shallow (targeting 100 meters vertical depth) and open at
depth and along strike.
 Drilling has also recently been completed at the first new satellite targets at
the Banfora Gold Project, results are pending.
 Further results from the ongoing drilling at Nangolo and elsewhere at Banfora
will be made available at the earliest opportunity.
Gryphon Minerals Ltd (ASX:GRY) is pleased to announce drilling results from the ongoing
resource drilling programme from the Nangolo pressure shadow target at the Nogbele
Deposit, at the Companys flagship Banfora Gold Project in Burkina Faso, West Africa. The
Project is located in a major gold producing district, host to such world class gold deposits as
Randgolds Tongon (4.2Moz) Resolutes Syama (5 Million oz Au mined & 6.5 Million oz Au in
resources) and Anglo/Randgolds Morila (6.5Moz).
Refer to tables 1 & 2 for complete drill results, a selection includes:
5m @ 16.00g/t gold from 67m
16m @ 5.27g/t gold from 82m
15m @ 3.44g/t gold from 114m
7m @ 11.24g/t gold from 89m
7m @ 4.44g/t gold from 35m
The current drilling programme is focused on step out and infill drilling targeting shallow gold
mineralisation (≈100 meters vertical depth) to increase the Banfora Projects inferred
14Mt @ 2.4g/t for 1,100,000oz gold resource estimate (Refer to ASX release 21/9/09 for details).
Further results from the ongoing drilling programme will be made at the earliest opportunity.
The Company believes that the drill results released to date confirm the potential for the
Banfora Gold Project to host world class gold mineralization similar to other major deposits in
West Africa.