Gryphon Minerals Limited Information

Gryphon Minerals Limited (ASX:GRY) is an Australian company committed to becoming a significant West African gold producer with an immediate focus on advancing its 100%-owned Banfora Gold Project in Burkina Faso, as well as a pipeline of new and exciting projects in West Africa. The Banfora Gold Project ("Banfora" or "the Project") is located in the south-west of Burkina Faso, West Africa. Burkina Faso is one of the largest gold producers in Africa and is located on some of the world's most prolific greenstone belts (accounting for 22% of West Africa's greenstone belt exposure). The country is already host to a number of producing mines and this is anticipated to increase given the prospectivity and strong Government support for the mining industry. The Project includes exploration licenses covering over 1,000 square kilometres and a mining licence that covers 89 square kilometres. These licences are located in a major gold district where world class gold deposits such as Tongon (4.2 Million oz Au), Syama (5 Million oz Au mined & 6.5 Million oz Au in resources) and Morila (6.5 Million oz Au) are also found. The Project has an enviable location being easily accessible by road in close proximity to the regional town of Banfora and the major city of Bobo-Dioulasso. In addition, an existing hydro-power supply source and substation is located less than 100 kilometres to the south of the project site in Cte d'Ivoire, which can potentially be used to power future mining expansion and development. Our commitment to West Africa is underpinned not only by the geological fundamentals of the area but also by our strong belief that exploration and development projects provide a means to create opportunities for what has historically been a deeply impoverished area. These opportunities run a wide breadth from replacing dangerous artisanal mining activities with sustainable and safe mining practices to providing support for human rights and social/cultural development through economic empowerment in the region. We continue ...