Last checked at 21 Dec 2010 08:51
Griffin Mining Limited
60 St James's Street, London SW1A 1LE, United Kingdom
Telephone: + 44 (0)20 7629 7772 Facsimile: + 44 (0)20 7629 7773
E mail: griffin@griffinmining.com
Additional New Drilling Results from Caijiaying
High Grade Zinc Results
21st December 2010
Griffin Mining Limited ("Griffin" or the "Company") is pleased to announce further excellent results from its ongoing drilling programme at Zone III which continues to discover extensive high grade zones at its Caijiaying zinc gold mine in North East China. Additional very high-grade zinc mineralisation was identified. Better zinc assays included:
28.10 metres @ 10.66 % Zinc with 52.29 g/t Silver, 0.50% Lead & 0.85 g/t Gold 21.30 metres @ 17.25 % Zinc with 54.14 g/t Silver, 0.42% Lead & 0.21 g/t Gold 21.20 metres @ 22.80 % Zinc with 83.66 g/t Silver, 0.65% Lead & 0.78 g/t Gold 14.85 metres @ 32.81 % Zinc with 123.30 g/t Silver, 1.08% Lead & 0.23 g/t Gold 12.70 metres @ 18.34 % Zinc with 95.85 g/t Silver, 1.08% Lead & 0.16 g/t Gold 10.45 metres @ 18.50 % Zinc with 93.92 g/t Silver, 0.74% Lead & 1.44 g/t Gold 11.20metres @ 16.26 % Zinc with 50.14 g/t Silver, 0.21 % Lead & 1.39 g/t Gold 10.15 metres @ 14.23 % Zinc with 67.01 g/t Silver, 0.67% Lead & 0.50 g/t Gold 9.95 metres @ 19.40 % Zinc with 56.75 g/t Silver, 0.50% Lead & 0.47 g/t Gold 9.66 metres @ 11.63 % Zinc with 33.81 g/t Silver, 0.62% Lead & 0.08 g/t Gold 6.90 metres @ 27.37 % Zinc with 115.74 g/t Silver, 0.79% Lead & 1.67 g/t Gold 4.00 metres @ 33.52 % Zinc with 124.81 g/t Silver, 1.79% Lead & 0.29 g/t Gold 4.40 metres @ 27.45 % Zinc with 113.17 g/t Silver, 0.91% Lead & 0.07 g/t Gold 4.00 metres @ 17.50 % Zinc with 56.28 g/t Silver, 0.65% Lead & 0.38 g/t Gold 4.00 metres @ 17.31 % Zinc with 62.82 g/t Silver, 0.75% Lead & 3.31 g/t Gold 4.00 metres @ 18.09 % Zinc with 279.75 g/t Silver, 0.01% Lead & 0.20 g/t Gold |
Significant high grade zinc intersections are shown in the following table.
From | To | Interval | Zinc | Silver | Lead | Gold | |
Hole No. | (m) | (m) | (m) | (%) | (g/t) | (%) | (g/t) |
UGCJY-856 | 75.00 | 80.60 | 5.60 | 24.91 | 30.10 | 0.10 | 0.57 |
UGCJY-951 | 22.40 | 32.85 | 10.45 | 18.50 | 93.92 | 0.74 | 1.44 |
UGCJY-952 | 17.65 | 24.55 | 6.90 | 27.37 | 115.74 | 0.79 | 1.67 |
UGCJY-953 | 1.00 | 10.95 | 9.95 | 19.40 | 56.75 | 0.50 | 0.47 |
UGCJY-997 | 11.80 | 33.00 | 21.20 | 22.80 | 83.66 | 0.65 | 0.78 |
UGCJY-1041 | 13.15 | 25.85 | 12.70 | 18.34 | 95.85 | 1.08 | 0.16 |
UGCJY-1048 | 19.80 | 41.10 | 21.30 | 17.25 | 54.14 | 0.41 | 0.21 |
UGCJY-1093 | 1.00 | 15.85 | 14.85 | 32.81 | 123.30 | 1.08 | 0.23 |
UGCJY-1107 | 84.10 | 88.10 | 4.00 | 33.52 | 124.81 | 1.79 | 0.29 |
UGCJY-1129 | 29.20 | 33.60 | 4.40 | 27.45 | 113.17 | 0.91 | 0.07 |
UGCJY-1483 | 59.00 | 70.20 | 11.20 | 16.26 | 50.14 | 0.21 | 1.39 |
UGCJY-1483 | 99.85 | 110.00 | 10.15 | 14.23 | 67.01 | 0.67 | 0.50 |
UGCJY-1623 | 104.00 | 132.10 | 28.10 | 10.66 | 52.29 | 0.50 | 0.85 |
UGCJY-1701 | 173.00 | 177.00 | 4.00 | 17.50 | 56.28 | 0.65 | 0.38 |
UGCJY-1715 | 14.00 | 18.00 | 4.00 | 17.31 | 62.82 | 0.75 | 3.31 |
UGCJY-1721 | 0.00 | 9.66 | 9.66 | 11.63 | 33.81 | 0.62 | 0.08 |
UGCJY-1729 | 46.00 | 50.00 | 4.00 | 18.09 | 279.75 | 0.01 | 0.20 |
Competent Person Statement
The data in this report that relates to Exploration Results for the Caijiaying Area, China, is based on information reviewed by Mr Jack Drzymulski who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Drzymulski is a full time employee of Hebei Hua Ao Mining Industry Company Limited. Mr Drzymulski has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Drzymulski consents to the inclusion in the report of the Exploration Results in the form and context in which they appear.
Mladen Ninkov, Griffin's Chairman, commented on these drilling results as follows: "Caijiaying continues to produce everything the Company hoped it would. No more needs to be said."
Further information
Griffin Mining Limited:
Mladen Ninkov (Chairman)
Roger Goodwin (Finance Director ) +44 (0)20 7629 7772
Panmure Gordon (UK) Limited +44 (0)20 7459 3600
Dominic Morley
Hannah Woodley
Griffin Mining Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol GFM).