Last checked at 17 Dec 2010 10:06
Griffin Mining Limited
Further New Drilling Results from Caijiaying
High Grade Gold Results
17th 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. Very high-grade gold mineralisation was identified in extensions of both the Julong and Qinglong ore bodies. Better gold assays included:
12.30 metres @ 16.2 g/t Gold with 4.68% Zinc & 67 g/t Silver
16.15 metres @ 10.0 g/t Gold with 6.26% Zinc & 60g/t Silver
10.65 metres @ 10.2 g/t Gold with 5.9% Zinc & 27 g/t Silver
10.10 metres @ 17.9g/t Gold with 10.97% Zinc & 80g/t Silver
25.80 metres @ 6.4 g/t Gold with 6.47% Zinc & 35 g/t Silver
15.70 metres @ 4.3 g/t Gold with 1.98% Zinc & 47 g/t Silver
02.20 metres @ 127.5g/t Gold & 299g/t Silver
Significant high grade gold intersections are shown in the following table.
From | To | Interval | Gold | Zinc | Silver | Lead | |
Hole No. | (m) | (m) | (m) | (g/t) | (%) | (g/t) | (%) |
UGCJ Y- 833 | 23.5 | 39.6 | 16.15 | 10.0 | 6.26 | 60 | 0.16 |
UGCJY - 865 | 62.9 | 78.6 | 15.70 | 4.3 | 1.98 | 47 | NA |
UGCJY - 922 | 51.0 | 76.8 | 25.80 | 6.4 | 6.47 | 35 | 0.16 |
UGCJY - 976 | 18.5 | 28.6 | 10.10 | 17.9 | 10.97 | 80 | 0.29 |
UGCJY - 978 | 22.0 | 40.8 | 18.80 | 2.9 | 20.15 | 96 | 0.34 |
UGCJY - 1026 | 73.0 | 83.7 | 10.65 | 10.2 | 5.90 | 27 | 0.07 |
UGCJY - 1196 | 115.8 | 128.1 | 12.30 | 16.2 | 4.68 | 67 | 0.12 |
UGCJY - 1727 | 94.6 | 96.8 | 2.20 | 127.5 | 0.01 | 299 | 0.04 |
UGCJ Y- 1759 | 163.9 | 167.9 | 4.00 | 15.4 | 3.04 | 302 | 1.26 |
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 deliver further and better mineralization with each drilling programme completed. These gold results only confirm the Company's long held belief that gold will continue to become a larger source of revenue at Caijiaying as the mine develops. This is yet another very significant win for the Company's shareholders."
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).