Gryphon Minerals (ASX: GRY) chairman Mel Ashton and managing director Steve Parsons must be feeling as pleased as punch after Gryphon was voted "Explorer of the Year for 2009" by Gold Mining Journal.
2009 was a heady year for the company. The stock recovered from GFC woes and spiked from $0.06 to close the year at $0.45.
In the process, Gryphon announced an upgraded inferred resource at the Banfora Gold Project in September at Burkina Faso, west Africa of 1,100,000 ounces of gold at 2.4 grams per tonne.
As well, the company raised $20 million to crank-up exploration at Banfora via a placement of 40 million shares at $0.50 to institutional investors, adding North American and UK fund managers to the register.
Gryphon has attracted its fair share of significant investors, including Newmont Mining Corporation, Genesis Fund, Macquarie Bank, Phoenix Gold Fund and Standard Bank.
Work slated at Banfora for 2010 includes: further in‐fill drilling within the existing defined resource zone and continuation of the drilling program following high grade extensions along strike at the Banfora to target further increases in the defined resources.
If 2009 was a banner year, 2010 holds out significant promise for the west-African based gold explorer. http://www.proactiveinvestors.com.au/companies/news/4279/gryphon-minerals-voted-2009-explorer-of-the-year-4279.html
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