Gryphon Minerals hits big gold Stinger at Banfora

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THE DRILL SERGEANT: Gryphon Minerals (ASX: GRY) has announced further high-grade infill Reverse Circulation (RC) drilling results from the Stinger gold deposit, at the company’s Banfora gold project in Burkina Faso, West Africa.

The latest drill results are from a Reverse Circulation (RC) infill drilling campaign Gryphon conducted at the Stinger deposit targeting shallow mineralisation down to 30 metres vertical depth across 180 metres of strike of the central ore body.

 

Location of drill results at Stinger deposit – Banfora gold project. Source: Company announcement

 

Drilling was designed to confirm the current geological model and evaluate the local continuity of high-grade mineralisation at the deposit as part of the mine planning process.

Additionally drilling was targeted to test the potential to add higher grade oxide ore feed into the current mining schedule from Stinger.

Highlights from the drill results include:

–    4 metres at 45.59 grams per tonne gold from 6 metres, including 1 metre at 172 grams per tonne gold from 7m;

–    4m at 32.58g/t gold from 14m, including 1m at 121g/t gold from 14m;

–    2m at 56.35g/t gold from 2m, including 1m at 106g/t gold from 2m;

–     3m at 35.20g/t gold from 18m, including 1m at 104g/t gold from 22m;

–    14m at 6.98g/t gold from surface; and

–     8m at 11.83g/t gold from 12m.

“The latest drill results from the satellite Stinger gold deposit confirm further shallow high-grade gold mineralisation with excellent grade continuity that will be targeted in the first few years of mine production to further enhance the economics of the Banfora gold project,” Gryphon Minerals managing director Stephen Parsons said in the company’s announcement to the Australian Securities Exchange.

“In addition to some of these exceptionally high-grade results, the definition of an exciting new gold anomaly over 3,300 square kilometres with results of up to 16.8 grams per tonne gold, highlights the huge overall potential of the Stinger Mineralised Corridor.”