BANFORA

Gryphon Minerals announced the significant milestone of reaching more than one million ounces of gold in the JORC inferred resource estimation at the Banfora Gold Project in Burkina Faso. JORC inferred resource estimate on Nogbele & Fourkoura deposits at the Banfora Gold Project consist of 14Mt @ 2.4g/t for 1,100,000 oz gold. Mineralization remains open at depth and along strike at both Nogbele and Fourkoura deposits and the resource is shallow with 90% above 100 meters depth.

Gryphon Minerals Ltd announce drilling results from the ongoing resource drilling programme from the Fourkoura Deposit, at the company’s flagship Banfora Gold Project in Burkina Faso, West Africa. Select highlights include 17m @ 9.2g/t gold from 16m, 6m @ 14.9g/t gold from 39m, and 5m @ 12.9g/t gold from 59m. The current drilling programme is targeting shallow high grade gold mineralisation (˜100 meters vertical depth) outside of the inferred 10.6Mt @ 2.4g/t for 820,000oz gold resource estimate (Refer to ASX release 8/4/09 for details).

Gryphon Minerals announced drilling results from the ongoing resource drilling program from the Nogbele deposit, at the company’s flagship Banfora gold project in Burkina Faso, West Africa. Best results include 12 m @ 3.10g/t gold from 52 m in hole BNRC0869.