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Gryphon Minerals Ltd.
Summary
| Project: | Banfora | |
|---|---|---|
| Deposit: | Nogbele | |
| Location: | Burkina Faso | |
| Commodities: | Gold | |
| Date: | 8/2/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 2-8-2016: Gryphon Minerals Ltd. announces an Exploration/Drilling Update report for its Nogbele deposit at the Banfora project. Drilling results incl. 2m @ 69.59g/t Au from 74m from Nogbele North Domain 4. Gryphon Minerals Limited (ASX:GRY) is pleased to | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Sam Brooks (Internal) | |
| ABSTRACT: | Gryphon Minerals Limited (ASX:GRY) is pleased to provide an update on its exploration activities at the Banfora Gold Project in Burkina Faso, West Africa. Drilling completed during May/June focussed on advancing the high grade lodes at the Fourkoura and Nogbele Gold deposits to potentially increase the reserve grade and provide additional reserve growth. Results have now been received from all drilling completed during the May/June Reverse Circulation (RC) drill program at the Nogbele and Fourkoura Deposits. In total 827 metres of drilling was completed at Fourkoura (refer ASX 13/7/2016 for results1) and 3,470 metres of drilling at Nogbele. Current work is focussing on the refinement and extension of the high grade domains hosted within the project with the potential to improve the Carbon-In-Leach (CIL) economics and reserve inventory. The drilling will be incorporated into a new resource estimate due for completion to accompany the scheduled Feasibility Study for a CIL operation in first half of 2017. The drilling program has successfully reinforced the geological model at the Nogbele-Nangolo, North and West Deposits and at the Fourkoura North Deposit area confirmed shallow high grade plunging mineralisation with potential to further extend known mineralisation at depth. Drilling has also highlighted the potential for a significant strike extension (>180m along strike mineralisation intercepted) of the Tahiti Pit at Nogbele South with material expected to be closer to the average grade of the current resource over downhole widths up to 30 metres. | |
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