Gryphon drills high-grade at Nogbele

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THE DRILL SERGEANT: Gryphon Minerals has received results from infill and step-out RC and DD drilling conducted on the Nogbele deposit and its planned gold processing plant, at the company’s Banfora gold project in Burkina Faso, West Africa.

“These latest drill results from the Nogbele deposit demonstrate the shallow and outcropping nature of the high grade zones, which of course will be significant in the “starter pit” designs of the Definitive Feasibility Studies on track for the third quarter of this year,” Gryphon Minerals managing director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.
 

“With eight rigs now turning onsite and the Definitive Feasibility Studies well underway, the focus remains on rapidly advancing the Banfora gold project”.

The latest drilling at the Nogbele deposit has been designed to target shallow mineralisation as well as higher grade down dip extensions below 100 meters vertical depth.

Drilling results from the Nogbele deposit. Source: Company announcement 

Gryphon said mineralisation at Nogbele outcrops from surface and continues to be open along strike and down dip with drilling ongoing.

Results of shallow step-out and infill drilling include:

– 16 metres at 8.61 grams per tonne gold from surface;

– 17m at 6.85g/t gold from 22m;

– 20m at 4.45g/t gold from 40m and 12m at 1.47g/t gold from 76m;

– 20m at 3.94g/t gold from 64m; and

– 7m at 10.98g/t gold from 95m.

Drilling of step-out mineralized zones targeting +100 metres depth include:

– 12m at 4.00g/t gold from 144m;

– 12m at 3.31g/t gold from 184m;

– 2m at 94.29g/t gold from 123m;

– 4m at 10.00g/t gold from 193m and 14m at 1.85g/t gold from 215m; and

– 6m at 1.61g/t gold from 149m and 12m at 2.45g/t gold from 164m.

Gryphon currently has three RC and two diamond drill rigs completing the drilling at the Nogbele as well as at the Samavogo deposit.

There is also one RC rig operating at its new Stinger satellite target.

The company said all drilling results will be included in its next resource estimate calculation, which is expected for the second quarter of 2012, leading up to the completion of the Definitive Feasibility Studies in the third quarter of 2012.