• Tuesday 21st December 2010

Additional New Drilling Results from Caijiaying – High Grade Zinc Results

Additional New Drilling Results from Caijiaying – High Grade Zinc Results

Griffin Mining Limited (“Griffin” or the “Company”) is pleased to announce further excellent results from its ongoing drilling programme at Zone III which continues to discover extensive high grade zones at its Caijiaying zinc gold mine in North East China. Additional very high-grade zinc mineralisation was identified. Better zinc assays included:

  • 28.10 metres @ 10.66 % Zinc with 52.29 g/t Silver, 0.50% Lead & 0.85 g/t Gold
  • 21.30 metres @ 17.25 % Zinc with 54.14 g/t Silver, 0.42% Lead & 0.21 g/t Gold
  • 21.20 metres @ 22.80 % Zinc with 83.66 g/t Silver, 0.65% Lead & 0.78 g/t Gold
  • 14.85 metres @ 32.81 % Zinc with 123.30 g/t Silver, 1.08% Lead & 0.23 g/t Gold
  • 12.70 metres @ 18.34 % Zinc with 95.85 g/t Silver, 1.08% Lead & 0.16 g/t Gold
  • 10.45 metres @ 18.50 % Zinc with 93.92 g/t Silver, 0.74% Lead & 1.44 g/t Gold
  • 11.20 metres @ 16.26 % Zinc with 50.14 g/t Silver, 0.21 % Lead & 1.39 g/t Gold
  • 10.15 metres @ 14.23 % Zinc with 67.01 g/t Silver, 0.67% Lead & 0.50 g/t Gold
  • 9.95 metres @ 19.40 % Zinc with 56.75 g/t Silver, 0.50% Lead & 0.47 g/t Gold
  • 9.66 metres @ 11.63 % Zinc with 33.81 g/t Silver, 0.62% Lead & 0.08 g/t Gold
  • 6.90 metres @ 27.37 % Zinc with 115.74 g/t Silver, 0.79% Lead & 1.67 g/t Gold
  • 4.00 metres @ 33.52 % Zinc with 124.81 g/t Silver, 1.79% Lead & 0.29 g/t Gold
  • 4.40 metres @ 27.45 % Zinc with 113.17 g/t Silver, 0.91% Lead & 0.07 g/t Gold
  • 4.00 metres @ 17.50 % Zinc with 56.28 g/t Silver, 0.65% Lead & 0.38 g/t Gold
  • 4.00 metres @ 17.31 % Zinc with 62.82 g/t Silver, 0.75% Lead & 3.31 g/t Gold
  • 4.00 metres @ 18.09 % Zinc with 279.75 g/t Silver, 0.01% Lead & 0.20 g/t Gold

Significant high grade zinc intersections are shown in the following table.

  From To Interval Zinc Silver Lead Gold
Hole No. (m) (m) (m) (%) (g/t) (%) (g/t)
UGCJY-856 75.00 80.60 5.60 24.91 30.10 0.10 0.57
UGCJY-951 22.40 32.85 10.45 18.50 93.92 0.74 1.44
UGCJY-952 17.65 24.55 6.90 27.37 115.74 0.79 1.67
UGCJY-953 1.00 10.95 9.95 19.40 56.75 0.50 0.47
UGCJY-997 11.80 33.00 21.20 22.80 83.66 0.65 0.78
UGCJY-1041 13.15 25.85 12.70 18.34 95.85 1.08 0.16
UGCJY-1048 19.80 41.10 21.30 17.25 54.14 0.41 0.21
UGCJY-1093 1.00 15.85 14.85 32.81 123.30 1.08 0.23
UGCJY-1107 84.10 88.10 4.00 33.52 124.81 1.79 0.29
UGCJY-1129 29.20 33.60 4.40 27.45 113.17 0.91 0.07
UGCJY-1483 59.00 70.20 11.20 16.26 50.14 0.21 1.39
UGCJY-1483 99.85 110.00 10.15 14.23 67.01 0.67 0.50
UGCJY-1623 104.00 132.10 28.10 10.66 52.29 0.50 0.85
UGCJY-1701 173.00 177.00 4.00 17.50 56.28 0.65 0.38
UGCJY-1715 14.00 18.00 4.00 17.31 62.82 0.75 3.31
UGCJY-1721 0.00 9.66 9.66 11.63 33.81 0.62 0.08
UGCJY-1729 46.00 50.00 4.00 18.09 279.75 0.01 0.20

Competent Person Statement

The data in this report that relates to Exploration Results for the Caijiaying Area, China, is based on information reviewed by Mr Jack Drzymulski who is a Member of the Australasian Institute of Mining and Metallurgy. Mr Drzymulski is a full time employee of Hebei Hua Ao Mining Industry Company Limited. Mr Drzymulski has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Drzymulski consents to the inclusion in the report of the Exploration Results in the form and context in which they appear.

Mladen Ninkov, Griffin’s Chairman, commented on these drilling results as follows: “Caijiaying continues to produce everything the Company hoped it would. No more needs to be said.”