Update on mine construction
02 Oktober 2003 - 9:00AM
UK Regulatory
RNS Number:4311Q
Griffin Mining Ld
02 October 2003
GRIFFIN MINING LTD
2 October 2003
MINE CONSTRUCTION BEGINS AT CAIJIAYING
Griffin Mining Limited ("Griffin"or the "Company") is extremely pleased to
announce that construction of the main vertical shaft, main portal and expansion
of the ventilation decline have begun at the Company's Caijiaying
zinc-gold-silver project in China.
In addition, a number of major equipment purchases, including 2 underground
drill rigs, spares and compressor, have been acquired to begin further
underground exploration work at zone III. Exploration drilling will begin
immediately once work on the ventilation decline has been completed.
Mladen Ninkov, Chairman, commented as follows:
"The Company, and I expect its shareholders, couldn't be more delighted that
Griffin has finally moved into the construction phase at Caijiaying. The
Company has continually met and exceeded its commitment to its shareholders and
the market and looks forward to that tradition continuing."
Further information
Mladen Ninkov - Chairman Telephone: +44(0)20 7016 8821
Roger Goodwin - Finance Director Telephone: +44(0)20 7016 8821
Charles Dampney - Charles Stanley Telephone: +44(0)20 7739 8200
This information is provided by RNS
The company news service from the London Stock Exchange
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