Gryphon Minerals Ltd (ASX:GRY) is pleased to announce initial...

Gryphon Minerals Ltd (ASX:GRY) is pleased to announce initial drilling results from first pass RC & RAB drilling at the Samavogo Prospect, located approximately 20 kilometres to the north-east of the Nogbele Gold 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:
8m @ 4.34g/t gold from 20m
4m @ 8.24g/t gold from 4m
12m @ 2.64g/t gold from 44m
8m @ 2.95g/t gold from 36m
4m @ 4.21g/t gold from 4m

The results are very significant as they are from a new target area outside of the current known resources at the Banfora Gold Project. Over the coming months the Company will continue to unlock the value of the Banfora Project by drilling the plethora of satellite targets across its 1200km2 Project area.
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.