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    Gryphon Doubles Resource Estimate at West African Project

    Charlotte McLeod
    Jul. 09, 2012 02:35PM PST
    Gold Investing

    Gryphon Minerals Ltd. (ASX:GRY) announced that the resource estimate at its West African Banfora gold project has more than doubled from 2 million ounces to 4.5 million ounces.

    Gryphon Minerals Ltd. (ASX:GRY) announced that the resource estimate at its West African Banfora gold project has more than doubled from 2 million ounces to 4.5 million ounces.

    According to the press release, highlights include:

    • Independent global resource estimate at Banfora Gold Project increased from 2.0Moz to 4.5Moz gold.
    • Measured and Indicated category 31.4Mt @ 2.2g/t for 2.2Moz gold.
    • Mineralisation remains open along strike and at depth at each of the deposits.
    • 90% of the resource estimate is from surface to less than 150 metres vertical depth.

    Click here to read the full Gryphon Minerals Ltd. (ASX:GRY) press release.

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