DENVER, COLORADO and VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 20, 2006) - Gryphon Gold Corporation (TSX:GGN) reports new assay results from its ongoing Graben exploration drilling program at its 100% owned Borealis Project, Nevada. Drilling has both extended the Graben mineralized zone to the north and west and has improved the width in the center of the zone.
The following is a summary of important drill hole assay results from a cross-fence of four holes 200ft north of the north end of the Graben zone (which is NI 43-101 accredited to contain 113,300 ounces of measured, 414,200 of indicated and 354,100 of inferred ounces of gold). One in-fill drill hole within the Graben zone is also reported. All holes have been drilled vertically.
Hole GGC-G-07 represents an excellent length of gold mineralization and has reported significant silver values. This hole, which ended in gold mineralization at 1071 ft., will be posted on Gryphon's website once this release has been fully disseminated for individual assay inspection.
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Hole From To Thickness Gold Silver
Number (ft) (ft) (ft) (oz per ton) (oz per ton)
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Graben Fence 940 1025 85 0.10 opt Au 0.75 opt Ag
#GGC-G-03 970 1015 45 0.16 opt Au 1.09 opt Ag
1010 1015 5 0.51 opt Au 2.04 opt Ag
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Graben Fence
# GGC-G-04 885 1045 160 0.07 opt Au 0.53 opt Ag
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Graben Fence 830 1040 210 0.05 opt Au 0.64 opt Ag
# GGC-G-06 830 850 20 0.15 opt Au 1.05 opt Ag
910 920 10 0.20 opt Au 1.44 opt Ag
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Graben Fence 515 1071 556 0.10 opt Au 0.38 opt Ag
GGC-G-07 640 810 170 0.21 opt Au 0.36 opt Ag
655 685 30 0.33 opt Au 0.93 opt Ag
760 775 15 0.31 opt Au 0.55 opt Ag
785 800 15 0.42 opt Au 0.85 opt Ag
860 935 75 0.08 opt Au 1.09 opt Au
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Graben in Fill 495 550 55 0.04 opt Au nil
GGC-G-05 625 725 100 0.03 opt Au nil
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Exploration drilling in the Graben will be continuing as the excellent results from GGC-G-03, -04, and -06 and -07 are indicating that gold mineralization continues at the north end of the zone. These holes are all located in an east-west "fence" and are approximately 200 feet north of the most northerly mineralized drill hole intervals in the Graben. The entire Graben zone has now expanded over a strike length of more than 1,800 feet. Future drilling will fill in gaps between widely spaced holes in the Graben and step-out from the defined Graben mineralized zone in a north, east and west direction.
Reverse circulation drilling services are provided by international drilling contractors, Diversified Drilling LLC of Missoula, Montana and Eklund Drilling Company of Reno, Nevada. Drill bit size equaled 4 1/2 inches in diameter and samples were collected at 5-foot intervals (1.5 meters). All drill samples were bagged and sealed at the drill site by drill contractor employees, placed in bins, and delivered to a secure storage. American Assay Laboratories (AAL) in Sparks, Nevada picked up the sample bins from secure storage. AAL is ISO/IEC 17025 certified and has successfully completed Canadian proficiency testing (CCRMP). Drill cuttings were dried, crushed to -10 mesh, rotary split to 1,000 grams, pulverized to -150 mesh, split to 350 gram pulps, fire assayed for gold and silver using 1-assay ton fire assay with gravimetric finish. Strict QA/QC protocol was followed, including the insertion of standards and blanks on a regular basis in the assaying process.
The drilling, assaying, and compilation of this news release were conducted under the general supervision of Dr. Roger C. Steininger, CPG 7417 a Qualified Person as defined in Canadian National Instrument 43-101.
Gryphon Gold is a Nevada corporation, which is in the business of acquiring and developing gold properties in the United States. Gryphon Gold's principal property is the Borealis Property located in the Walker Lane Gold Belt in Western Nevada.
This press release contains "forward-looking information" which may include, but is not limited to, statements with respect to our planned exploration program. Such forward-looking statement reflects our current views with respect to future events and are subject to certain risks, uncertainties and assumptions, including, the risks and uncertainties outlined under the section titles "Risk Factors and Uncertainties" in our prospectus (available at www.sedar.com) and registration statement filed with the SEC (available at www.sec.gov). Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, believed, estimated or expected. We do not undertake to update forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Gryphon Gold Corporation
Allen Gordon
Chief Executive Officer
(303) 988-5777
Gryphon Gold Corporation
Steve Craig
Vice President Exploration
(303) 988-5777
www.gryphongold.com
