Griffin Mining Ld
20 June 2005
20th JUNE 2005
COMMENCEMENT OF PRODUCTION AT CAIJIAYING
Griffin Mining Limited ('Griffin' or the 'Company') is pleased to announce that
production of zinc concentrate has commenced at the Caijiaying mine and
processing plant in China.
Griffin Mining Chairman Mladen Ninkov said: 'The Company has fulfilled its
pledge to its shareholders and the financial community. Griffin has built a
mine and processing plant to budget which is now producing zinc metal and which
will generate significant revenue for the Company. Furthermore the mine and
processing plant at Caijiaying are fully financed, the Company has no debt and
retains a cash position of in excess of US$8million. Excitingly, the Company is
also initiating an extensive reverse circulation drilling programme on the
highly prospective epithermal gold targets and zinc mineralized extensions
within our existing licence areas. It should be an landmark year for all the
shareholders of Griffin.'
Further information
Mladen Ninkov - Chairman Telephone: +44(0) 20 7629 7772
Roger Goodwin - Finance Director
Griffin Mining Limited
Philip Davies Telephone: +44 (0) 20 7953 2000
Charles Stanley & Company Limited
Hugo de Salis Telephone: +44 (0) 20 7242 4477
St Brides Media & Finance Ltd
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.