•  6m @ 9.89g/t gold from 13m
• 10m @ 5.14g/t gold from 67m
• 7m @ 4.80 g/t gold from 38m

Highlights

• Follow up drilling at the new and exciting Samavogo “satellite” discovery has intersected further significant gold mineralisation.
• Results are from infill and down dip drilling targeting multiple mineralised zones over 2.5km of strike.
• Mineralisation remains open along strike and down dip with a further 12 kilometres strike of the Samavogo structural target still to be tested.
• Mineralisation dips at a very gentle angle (20 degrees) thus all results to date are typically less than 50 meters vertical depth and open.
• Further results from the ongoing drilling at Samavogo will be made available at the earliest opportunity with a maiden resource estimate anticipated in the first half of 2011.
• An aggressive exploration programme is currently underway with RC drilling at the Nogbele deposit, 4 x RAB and auger rigs testing new regional targets across the 120 kilometres of highly prospective shear zones at the Banfora Gold Project.
• Mauritania projects update: Aggressive exploration program to commence in January 2011 including aeromagnetic surveying, soil geochemical sampling, geological mapping and diamond drilling.

Gryphon Minerals Ltd (ASX:GRY) is pleased to announce further drilling results from first pass RC drilling at the Samavogo Prospect, located approximately 20 kilometres to the north‐east of the Nogbele Gold Deposit, at the Company’s flagship Banfora Gold Project in Burkina Faso, West Africa. The Project is located in a major gold producing district, host to such world class gold deposits as Randgold’s Tongon (4.2Moz) Resolute’s Syama (5 Million oz Au mined & 6.5 Million oz Au in resources) and Anglo/Randgold’s Morila (6.5Moz).

The Samavogo target is exciting as it is a a new discovery outside of the current known resources of 24Mt @ 2.2g/t for 1,500,000 gold at the Banfora Gold Project. Over the coming months the Company will continue to unlock the value of the Banfora Project by drilling the plethora of satellite targets across its 1200km² Project.

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