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Gryphon Minerals
Gryphon Minerals (ASX:GRY) is focussed on advancing the Banfora Gold Project in Burkina Faso, West Africa as well as its pipeline of new projects in Mauritania.
The Company recently announced a resource of 21Mt @ 2.2g/t for 1,500,000oz gold at its flagship Banfora Gold Project. The Banfora Project area covers 1,200km2 and mineralisation drilled so far is shallow with 80% less than 100 meters deep and with scope to extend this considerably deeper with further drilling.
The Company recently acquired fellow ASX company Shield Mining (ASX:SHX) which now gives Gryphon exposure to a number of highly prospective gold and copper projects including the Tijirit project adjacent to the world-class Tasiast Gold Mine.
Gryphon Minerals holds 10 million shares, approximately 15% of Renaissance Minerals Ltd (ASX:RNS), an Australian focussed gold explorer with over 3,000km2 of highly prospective and strategic landholdings in Western Australia and Alaska.
