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Gryphon Minerals (ASX:GRY) is developing the world-class 4.9Moz Resource Banfora Gold Project, Burkina Faso as well as its pipeline of new and exciting projects in West Africa.

The Project has numerous regional exploration targets with real potential for Gryphon Minerals to uncover a multi-million ounce gold district in the near term. The Banfora Project area covers 1,200km² and mineralisation drilled so far is shallow with 90% less than 150 meters from surface and with scope to extend this considerably deeper with further drilling. A Bankable Feasibility Study at Banfora, completed in early 2013, has confirmed the viability of developing the project, with first gold anticipated in Q4 2014. The Banfora Project is 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 Randgold/Anglo Ashanti’s Morila (6.5Moz).