FURTHER NEW DRILLING RESULTS FROM CAIJIAYING (1759Y)
17 Dezember 2010 - 11:06AM
UK Regulatory
TIDMGFM
RNS Number : 1759Y
Griffin Mining Ld
17 December 2010
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).
This information is provided by RNS
The company news service from the London Stock Exchange
END
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