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Griffin Mining News
At the annual general meeting held today of the shareholders of Griffin Mining Limited (“Griffin” or the “Company”), all resolutions were duly passed. At the meeting the Chairman, Mr. Mladen Ninkov, gave a summary report on developments and progress at the Caijiaying zinc gold mine. The Chairman reported that: 1.Construction work on the plant upgrade to increase mill throughput to 750,000 tonnes of ore per annum is underway with all major items of equipment ordered and expected to be installed by the end of the summer. 2.An underground drive from the zone III mining area to zone II two kilometres to the south at Caijiaying is being driven, allowing for underground exploration drilling in the areas between the two zones and allow access for the development of the zone II resource. 3.The Company continues to evaluate further acquisitions which have the potential to add significant value to the company. 4.The buy back and cancellation of 79,851,818 held by Citadel Equity Fund Ltd had been completed.
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Griffin Mining Limited 6th Floor 60 St James's Street London SW1A 1LE |
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Tel: +44 (0)20 7629 7772 Fax: +44 (0)20 7629 7773 |
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