TIDMGFM

RNS Number : 3430Y

Griffin Mining Ld

21 December 2010

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

Additional New Drilling Results from Caijiaying

High Grade Zinc Results

21st 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. Additional very high-grade zinc mineralisation was identified. Better zinc assays included:

 
 28.10 metres @ 10.66 % Zinc with 52.29 g/t 
  Silver, 0.50% Lead & 0.85 g/t Gold 
  21.30 metres @ 17.25 % Zinc with 54.14 g/t 
  Silver, 0.42% Lead & 0.21 g/t Gold 
  21.20 metres @ 22.80 % Zinc with 83.66 g/t 
  Silver, 0.65% Lead & 0.78 g/t Gold 
  14.85 metres @ 32.81 % Zinc with 123.30 g/t 
  Silver, 1.08% Lead & 0.23 g/t Gold 
  12.70 metres @ 18.34 % Zinc with 95.85 g/t 
  Silver, 1.08% Lead & 0.16 g/t Gold 
  10.45 metres @ 18.50 % Zinc with 93.92 g/t 
  Silver, 0.74% Lead & 1.44 g/t Gold 
  11.20metres @ 16.26 % Zinc with 50.14 g/t 
  Silver, 0.21 % Lead & 1.39 g/t Gold 
  10.15 metres @ 14.23 % Zinc with 67.01 g/t 
  Silver, 0.67% Lead & 0.50 g/t Gold 
  9.95 metres @ 19.40 % Zinc with 56.75 g/t 
  Silver, 0.50% Lead & 0.47 g/t Gold 
  9.66 metres @ 11.63 % Zinc with 33.81 g/t 
  Silver, 0.62% Lead & 0.08 g/t Gold 
  6.90 metres @ 27.37 % Zinc with 115.74 g/t 
  Silver, 0.79% Lead & 1.67 g/t Gold 
  4.00 metres @ 33.52 % Zinc with 124.81 g/t 
  Silver, 1.79% Lead & 0.29 g/t Gold 
  4.40 metres @ 27.45 % Zinc with 113.17 g/t 
  Silver, 0.91% Lead & 0.07 g/t Gold 
  4.00 metres @ 17.50 % Zinc with 56.28 g/t 
  Silver, 0.65% Lead & 0.38 g/t Gold 
  4.00 metres @ 17.31 % Zinc with 62.82 g/t 
  Silver, 0.75% Lead & 3.31 g/t Gold 
  4.00 metres @ 18.09 % Zinc with 279.75 g/t 
  Silver, 0.01% Lead & 0.20 g/t Gold 
 

Significant high grade zinc intersections are shown in the following table.

 
                From      To     Interval   Zinc    Silver   Lead   Gold 
------------  -------  -------  ---------  ------  -------  -----  ------ 
  Hole No.      (m)      (m)       (m)       (%)    (g/t)    (%)    (g/t) 
------------  -------  -------  ---------  ------  -------  -----  ------ 
   UGCJY-856    75.00    80.60       5.60   24.91    30.10   0.10    0.57 
------------  -------  -------  ---------  ------  -------  -----  ------ 
   UGCJY-951    22.40    32.85      10.45   18.50    93.92   0.74    1.44 
------------  -------  -------  ---------  ------  -------  -----  ------ 
   UGCJY-952    17.65    24.55       6.90   27.37   115.74   0.79    1.67 
------------  -------  -------  ---------  ------  -------  -----  ------ 
   UGCJY-953     1.00    10.95       9.95   19.40    56.75   0.50    0.47 
------------  -------  -------  ---------  ------  -------  -----  ------ 
   UGCJY-997    11.80    33.00      21.20   22.80    83.66   0.65    0.78 
------------  -------  -------  ---------  ------  -------  -----  ------ 
  UGCJY-1041    13.15    25.85      12.70   18.34    95.85   1.08    0.16 
------------  -------  -------  ---------  ------  -------  -----  ------ 
  UGCJY-1048    19.80    41.10      21.30   17.25    54.14   0.41    0.21 
------------  -------  -------  ---------  ------  -------  -----  ------ 
  UGCJY-1093     1.00    15.85      14.85   32.81   123.30   1.08    0.23 
------------  -------  -------  ---------  ------  -------  -----  ------ 
  UGCJY-1107    84.10    88.10       4.00   33.52   124.81   1.79    0.29 
------------  -------  -------  ---------  ------  -------  -----  ------ 
  UGCJY-1129    29.20    33.60       4.40   27.45   113.17   0.91    0.07 
------------  -------  -------  ---------  ------  -------  -----  ------ 
  UGCJY-1483    59.00    70.20      11.20   16.26    50.14   0.21    1.39 
------------  -------  -------  ---------  ------  -------  -----  ------ 
  UGCJY-1483    99.85   110.00      10.15   14.23    67.01   0.67    0.50 
------------  -------  -------  ---------  ------  -------  -----  ------ 
  UGCJY-1623   104.00   132.10      28.10   10.66    52.29   0.50    0.85 
------------  -------  -------  ---------  ------  -------  -----  ------ 
  UGCJY-1701   173.00   177.00       4.00   17.50    56.28   0.65    0.38 
------------  -------  -------  ---------  ------  -------  -----  ------ 
  UGCJY-1715    14.00    18.00       4.00   17.31    62.82   0.75    3.31 
------------  -------  -------  ---------  ------  -------  -----  ------ 
  UGCJY-1721     0.00     9.66       9.66   11.63    33.81   0.62    0.08 
------------  -------  -------  ---------  ------  -------  -----  ------ 
  UGCJY-1729    46.00    50.00       4.00   18.09   279.75   0.01    0.20 
------------  -------  -------  ---------  ------  -------  -----  ------ 
 

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 produce everything the Company hoped it would. No more needs to be said."

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

DRLLIFSTFALLFII

Griffin Mining (LSE:GFM)
Historical Stock Chart
Von Jun 2024 bis Jul 2024 Click Here for more Griffin Mining Charts.
Griffin Mining (LSE:GFM)
Historical Stock Chart
Von Jul 2023 bis Jul 2024 Click Here for more Griffin Mining Charts.