GRY gryphon minerals limited

gry: around the traps with the ferret

  1. asf
    9,887 Posts.
    From today's Ferret report, the Ferret gives Gryffy due credit:
    _______________________

    GRYPHON MINERALS (ASX:GRY), the company we gave the enthusiasm award of the day to on Monday, is continuing to deliver.

    It has increased the JORC inferred resource estimate at the Banfora project in Burkina Faso to 21m tonnes at 2.2g/t for 1.5m ozs of
    gold.

    Gryphon views this latest resource upgrade as an interim
    estimate with significant potential to define further ounces and to establish a multi-million-ounce gold district.

    Recent deeper drilling targeting mineralisation to 150m depth intersected high-grade gold, including 20m at 3.30g/t, 14m at 5.09g/t and 10m at 4.20g/t, highlighting the potential for significant growth at
    depth.

    The shares rose 7.5c to as high as 99c before closing at 94c, where they are up 14c on the week.
 
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