Drilling Report

8 Mar 2006 07:02

Griffin Mining Ld08 March 2006 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 8th March 2006 GOLD RESULTS FROM UNDERGROUND DRILLING Griffin Mining Limited ("Griffin"or the "Company") is extremely pleased toannounce the results of the underground drilling programme completed at theCaijiaying zinc-gold mine to the end of December 2005. Summary of Best Results 8.80 metres @ 19.20 g/t gold & 7.35% zinc 9.65 metres @ 10.08 g/t gold & 10.11% zinc 22.7 metres @ 8.36 g/t gold & 6.44% zinc 10.20 metres @ 8.65 g/t gold & 5.04% zinc 11.55 metres @ 7.38 g/t gold & 8.34% zinc 6.20 metres @ 14.27 g/t gold & 13.96% zinc 9.50 metres @ 7.81 g/t gold & 6.97% zinc 5.00 metres @ 11.15 g/t gold & 4.67% zinc 5.45 metres @ 8.92 g/t gold & 10.17% zinc The results show that there is an emerging gold resource within a larger zone ofzinc mineralization, as was foreshadowed in the pre-mining studies. Themajority of the high gold values sit below the level of current mining activity(the 1355 level) and will not be mined until later in the mining schedule.Ongoing investigations are continuing to try to define the controls on the golddistribution including research at the University of Tasmania in Australia. The attached table lists the best intersections recorded to date within thewhole of the Zone III drilling programme which fall within the Jin Long Lode,the first area for drilling up a mineable gold resource within Zone III. Mladen Ninkov, Griffin's Chairman, commented as follows: "These extraordinary results speak for themselves" Further information Mladen Ninkov - Chairman Telephone: +44(0)20 7629 7772Roger Goodwin - Finance DirectorGriffin Mining Limited Andrew Smith/Martin Eales Telephone:+44(0)20 7523 8350Collins Stewart Limited Hugo de Salis Telephone: +44(0) 20 7242 4477St Brides Media & Finance Ltd Griffin Mining Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol GFM). The Company's news releases are available on the Company's web site: www.griffinmining.com Significant intersections from underground drilling in Jin Long Lode (of >3m@3grams per tonne gold) Hole From To Interval Au g/t Zn% Pb% Ag g/tUGCJY-005 76.00 81.00 5.00 3.86 7.26 0.01 11UGCJY-008 77.60 81.17 3.57 7.16 13.43 0.02 15UGCJY-015 27.30 38.26 10.96 4.92 3.76 0.14 15UGCJY-040 21.00 25.20 4.20 6.54 5.47 0.04 25UGCJY-079 30.00 34.30 4.30 3.24 5.46 0.02 18UGCJY-090 40.00 46.00 6.00 5.32 5.82 0.19 46UGCJY-105 68.90 71.90 3.00 4.00 6.15 0.01 6UGCJY-120 29.00 34.05 5.05 6.74 7.73 0.05 28UGCJY-123 38.00 48.20 10.20 8.65 5.04 0.02 21UGCJY-134 36.00 39.50 3.50 4.45 7.56 0.66 143UGCJY-154 17.00 20.45 3.45 3.72 5.45 0.01 6UGCJY-167 45.25 54.90 9.65 10.08 10.11 0.21 71UGCJY-168 60.55 66.00 5.45 8.92 10.17 0.14 47UGCJY-170 57.25 61.50 4.25 5.29 4.72 0.09 44UGCJY-190 72.75 76.70 3.95 3.59 5.88 0.02 17UGCJY-192 47.00 59.00 12.00 3.58 2.75 0.01 12UGCJY-200 42.70 49.50 6.80 6.55 2.60 0.22 44UGCJY-202 35.50 45.00 9.50 7.81 6.97 0.04 22UGCJY-213 40.00 45.00 5.00 11.15 4.67 0.13 27UGCJY-214 109.00 117.80 8.80 19.20 7.35 0.05 37UGCJY-214 134.90 141.10 6.20 14.27 13.96 0.04 13UGCJY-219 58.10 63.20 5.10 6.29 7.98 0.65 42UGCJY-223 82.30 105.00 22.70 8.36 6.44 0.20 62UGCJY-223 76.15 80.05 3.90 5.28 2.13 0.15 40UGCJY-223 70.50 74.00 3.50 4.56 2.25 0.02 11UGCJY-228 102.00 109.00 7.00 3.11 6.39 0.02 15UGCJY-231 34.00 37.00 3.00 3.25 2.18 0.04 7UGCJY-262 57.85 65.00 7.15 4.44 10.39 0.01 5UGCJY-268 22.80 26.00 3.20 3.51 8.06 2.89 75UGCJY-272 22.00 33.55 11.55 7.38 8.34 0.16 37UGCJY-272 36.00 50.10 14.10 3.02 3.49 0.03 25UGCJY-274 38.00 45.20 7.20 4.71 2.49 0.01 12UGCJY-275 34.90 43.10 8.20 3.93 6.19 0.04 16UGCJY-276 42.80 47.00 4.20 8.79 4.61 0.02 17UGCJY-294 41.00 45.55 4.55 4.70 13.12 0.02 13UGCJY-295 31.50 36.40 4.90 4.24 1.81 0.03 10UGCJY-313 52.95 57.00 4.05 3.20 3.04 0.01 25UGCJY-379 66.70 71.00 4.30 6.65 5.88 0.46 126 This information is provided by RNS The company news service from the London Stock Exchange