GFM Griffin Mining Limited

 

TIDMGFM 
 
RNS Number : 3901B 
Griffin Mining Ld 
27 October 2009 
 

 
 
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 
 
 
MINING LICENCE APPLICATION STATUTORILY COMPLETED, LODGED AND ACCEPTED 
 
 
27th OCTOBER 2009. 
 
 
Griffin Mining Ltd ("Griffin" or "the Company") has had its formal application 
for a new mining licence to mine below the 1300 level accepted (number 
100000222220090369) and is now working on having that application approved 
within the statutorily stipulated 28 working day period.  A new JORC compliant 
updated mineral resource estimate will be announced upon the granting of the new 
mining licence. 
 
 
Further, the Caijiaying zinc-gold mine has returned to profitability in the 
quarter ended 30th September 2009 having  processed 114,233 tonnes of ore to 
produce 6,783 tonnes of zinc, 1,351 ounces of gold, 38,019 ounces of silver and 
218 tonnes of lead.  This follows 33,152 tonnes of ore being processed in June 
immediately after recommencement of operations following the suspension of 
production in the first 5 months of 2009. 
 
 
In further developments, work will shortly commence on improving ventilation and 
other underground work to facilitate access to the lower levels of the mine in 
anticipation of being permitted to extract ore from below the 1300 level. 
 Upgrade work continues with the installation of a second primary ball mill, new 
crushing circuit, tailings dam uplifts and construction of a new tailings dam to 
facilitate production increases in 2010. 
 
 
Exploration work is being undertaken with, inter alia, a 950 metre surface 
drilling programme over the Ershilli Naobao target approximately 2.5 kilometres 
to the east of the existing mine at Zone III. Underground drilling has 
recommenced from Zone III, 1.5 kilometres to the south towards the undeveloped 
ore deposits at Zone II. 
 
 
Chairman's Statement 
 
 
"Although the delays in obtaining a permit to mine below the 1300 level have 
been frustrating, I have been very happy with the performance of Caijiaying 
since the recommencement of operations.  With the benefit of the maintenance 
work, cost reviews and ore block re-modelling undertaken earlier this 
year, performance since recommencement of production, coupled with the increase 
in the zinc price, has enabled Caijiaying to return to profitability." 
 
 
Further information 
 
 
Griffin Mining Limited 
Mladen Ninkov - Chairman    Telephone: +44(0)20 7629 7772 
Roger Goodwin - Finance Director 
 
 
Investec Investment Banking: 
Gerard Kisbey-Green     Telephone: +44 (0)20 7597 5167 
Stephen Cooper+44 (0)20 7597 5104 
 
 
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 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCCKAKDPBDDFKB 
 

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