Samavogo returns satisfying results for Gryphon

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THE DRILL SERGEANT: Gryphon Minerals has announced further results from ongoing reverse circulation and diamond drilling at its Samavogo gold deposit, at the company’s Banfora gold project in Burkina Faso, West Africa.

Gryphon has already identified a JORC-compliant inferred resource estimate at the Banfora project of 29 million tonnes at 2.1 grams per tonne for 2 million ounces of gold.

 

Source: Company announcement

“We are continuing to see shallow, high grade mineralisation throughout the Banfora gold project,” Gryphon Minerals managing director Steve Parsons said in the company’s announcement to the Australian Securities Exchange.

“Samavogo is shaping up to be an impressive gold deposit especially considering it is open at depth and along strike.

“These latest results support our expectation that Samavago could grow considerably beyond the current resource.”

Gryphon said the drilling at Samavago is targeting shallow mineralisation as well as higher grade down dip extensions.

The drill results are shallow intersecting gold less than 100 metres vertical depth.

The company claimed mineralisation at Samavogo starts from surface and continues to be open along strike and down dip with drilling ongoing.

Highlights from the latest round of drilling include:

–    18 metres at 4.65 grams per tonne gold from 73 metres;

–    3m at 3.56g/t gold from 127m;

–    5m at 12.40 g/t gold from 114m;

–    8m at 3.11g/t gold from surface and 6m at 6.96g/t gold from 18m;

–    10m at 3.32g/t gold from 59m;

–    7m at 5.52g/t gold from 40m;

–    8m at 3.97g/t gold from 172m; and

–    10m at 2.09g/t gold from 57m and 6m at 4.72g/t gold from 70m;

According to Gryphon the resource at the Samavogo gold deposit has been delineated over only three kilometres of a 12 kilometre strike, which remains open along strike and down dip.

Drilling at Samavogo is currently being carried out on a 40 metre by 40 metre spaced grid across the current three kilometre strike length, which the company anticipates will enable it to upgrade the resource category estimate.

Broad step out drilling is set to continue across the remainder of the 12 kilometres in the coming months with results anticipated in the coming weeks.

“We had three rigs continuing resource drilling through the wet season, which has now increased to six rigs on site for both resource definition and regional exploration,” Parsons said.

“We expect further significant growth at the Banfora gold project as our aggressive drilling program continue at the Nogbele deposit, the Fourkoura and Samavogo satellite deposits, plus our multiple other priority regional targets, including the new Stinger and Ouahiri Discoveries.”

The company has scheduled a further 20 high-priority regional targets to be tested with reconnaissance style RAB and auger drilling over the coming months.