Gryphon Minerals 90% owned Duggan Project covers approximately 94 km2 and is host to a series of high-metamorphic grade, felsic and greenstone lithologys in close geological association with the nearby Griffins Find gold deposit. The project area sits between the Southern Cross Greenstone Belt which has produced over 10 million oz of gold to date and the Boddington Gold Field which has over 10 million oz of gold in reserves.
The Duggan Project is located 8km to the south west of the Griffins Find gold deposit which contains stated reserves of 712 000 t @ 3.8g/t gold. The Badgebup gold deposit is located 45 km to the south west with reserves of 443 000 t @ 3.65g/t.
Previous drilling in the tenement intersected high grade saprolite hosted gold mineralization at the Duggan Prospect where mineralisation has been drilled over 200m of strike in a broad easterly dipping lode. Significant intercepts include 7m @ 6.12g/t from 22m, 4m @ 3.84g/t from 14m, and 9m @ 3.35g/t from 24m.
Interpretation of aerial magnetics indicates 17km strike length of the prospective stratigraphy hosting the Duggan mineralisation is within Gryphon’s tenure.
The recent application will increase the project area to 525km2 when granted. This new area will secure additional prospective stratigraphy that could host a significant gold deposit.
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