Gryphon Minerals adds to Stinger tale

THE DRILL SERGEANT: Gryphon Minerals has announced follow up drilling results from its new Stinger discovery located only 10 kilometres to the east of the company’s Nogbele gold deposit and planned gold processing plant.

The Nogbele gold deposit is part of Gryphon’s Banfora gold project in Burkina Faso, West Africa.

 

Banfora gold project, Burkina Faso. Source: Company announcement

Results from the latest round of drilling include:

–    7 metres at 9.80g/t gold from 177 metres;

–    3m at 12.00g/t gold from 13m and 13m at 2.48g/t gold from 100m;

–    4m at 5.99g/t gold from 7m and 3m at 11.22g/t gold from 82m;

–    13m at 1.97g/t gold from 28m and 20m at 1.31g/t gold from 201m;

–    7m at 7.55g/t gold from 9m; and

–    2m at 54.69g/t gold from 20m End Of Hole.

Gryphon said the mineralisation from multiple zones outcrops from surface and has been drilled to typically less than 100 metres vertical depth.

Several recent drill holes confirm mineralisation continues to 150 metres below surface and is open at depth.

The company said that at least three parallel mineralised zones across several kilometres have been identified in, what it has labelled, the “Stinger mineralised corridor”.

 “We are again very excited by the latest drilling results which demonstrate Stinger is shaping up to be a significant new gold target with a very large mineralised footprint similar to the other discoveries at the Banfora Gold Project,” Gryphon Minerals managing director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.

During 2012 the company is undertaking a $30 million exploration program and definitive feasibility study to establish a multi-million ounce gold district at the Banfora gold project.