GRYPHON MINERALS managing director Steve Parsons said the story of the company in 2011 would be resource growth. At its flagship Banfora gold project in southwest Burkina Faso, Gryphon sits on a 1.5 million ounce resource which the company delineated from scratch. Banfora is in an enviable neighbourhood, with Randgold Resources' 4.5Moz Tongon project, Resolute Mining's 6.5Moz Syama project and Randgold/AngloGold Ashanti's 6.5Moz Morila mine in the vicinity.
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