Griffin Mining Announces Exceptional Gold Mineralization at Caijiaying Mine
Why we think this is neutral
This RNS announcement provides an update on exploration and drilling results at the company's Caijiaying mine, but does not contain any of the mandatory news types that would require a more detailed analysis. As such, a neutral sentiment score is appropriate.
Key Points
- Drilling of the Yuan Long high-grade gold domain confirms the down-plunge continuity of this domain below and along strike from existing development
- Significant intercepts include 20.4m @ 24.4 g/t Au, 25.7m @ 8.90 g/t Au, and 14.0m @ 25.0 g/t Au
- The company states the continued discovery of substantial and significant gold mineralization at Caijiaying is tremendously exciting in the current high gold price environment
Summary
Griffin Mining Limited has announced exceptional gold mineralization from drilling at its Caijiaying Mine in China. The drilling of the Yuan Long high-grade gold domain has confirmed the down-plunge continuity of this domain, with significant intercepts including 20.4m @ 24.4 g/t Au and 25.7m @ 8.90 g/t Au. The company states that the continued discovery of substantial and significant gold mineralization at Caijiaying is tremendously exciting, especially in the current environment of record world gold prices.