Gryphon Resources Appoints Seasoned Geologist to Create Exploration Plan and Lead Arizona Lithium Project
APACHE JUNCTION, Ariz., Nov. 30, 2010 /PRNewswire-FirstCall/ -- Gryphon Resources Inc. ('Gryphon' or the 'Company') (OTC Bulletin Board: GRYO) today announced it has appointed a project manager with strong experience in regional geology to head its Arizona lithium project.
President and CEO Alan Muller said, "We're very pleased to announce the appointment of Mr. Nick Barr to lead exploration on our 11 properties in Arizona. Nick brings a wealth of knowledge and experience in the geology and supplier resources in the area and is also personally located nearby. We've now assigned Nick to develop a comprehensive project implementation plan and expect to be releasing more information regarding that in the near future."
Nick Barr has over 30 years experience as a geologist, working primarily in exploration for precious and base metals, oxide copper, massive sulfides, uranium, chromite, industrial minerals and gold placers in Arizona, Nevada, California, Idaho, Utah and Oregon. Mr. Barr's background includes four years of geotechnical investigation work related to structure foundations, slope stability, and rock mechanics. He has also owned and operated a Simco 4000 track-mount drill and has managed crews in an exploration service company. Mr. Barr's experience includes target generation, claim staking, permitting, surface and UG mapping, soil, mobile metallic ion and biogeochemical sampling, supervision of rotary, RC and core drilling, reclamation and report preparation. He has co-authored SEC Industry Guide 7 compliant reports and has been active in brokering and evaluating mineral properties in western US, and managing crews for claim staking, grid sampling and all phases of mineral exploration. Mr. Barr earned his B.S., Geology in 1978 at Southern Oregon State University, Ashland, Oregon.
Some of Mr. Barr's prior engagements include:
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Lead project geologist for detailed study and supervision of 6100 ft core drilling program on high-grade, gold fissure vein system. |
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Managing field geologist for regional uranium exploration program in Arizona and Utah. In this role Mr. Barr pioneered successful use of trace radon detection method, leading to drill confirmed mineralization. In March, 2009, he participated in claim staking and initial mapping of volcanic source rocks for Clayton Valley, Nevada, lithium brine deposits. |
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Authored comprehensive regional study of southern Arizona silver-gold district. In this engagement Mr. Barr served as lead geologist for all exploration to present date and remains on advisory committee for anticipated, near-term start-up of milling operations and a large scale exploration program. Additional project work included detailed mapping of gold properties in Oro Blanco District, Santa Cruz Co., Arizona. |
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As team geologist, Mr. Barr helped design and execute grassroots gold exploration programs in Idaho, Nevada, Arizona and eastern Oregon. Personal generative work lead to identification and drilling intrusive-hosted gold in Malheur Co, Oregon, and exotic oxide-copper in Pinal Co., Arizona |
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Gryphon's Near Term Geological Operational Plans:
Gryphon is now in the process of acquiring bids from geophysical consultants and equipment contractors and researching comparative local geology in order to develop a working action plan for Gryphon's properties. This process is moving quickly based on knowledge of local contractors and Mr. Barr is now working with bidders who remain after the initial screening he has completed. The first draft of this plan is expected to be finished during the next 10 days and Gryphon will be reporting more information on this in the near future.
About Lithium
Lithium is used for batteries, specialty glass, lubricants, pharmaceuticals and lithium alloys. Lithium ion (Li-ion) batteries have become the rechargeable battery of choice in cell phones, computers, hybrid-electric cars and electric cars. Manufacturers from GM and Ford to Toyota and Mercedes-Benz have all announced plans to build Li-ion battery powered cars. Demand for lithium-powered vehicles is expected to increase fivefold by 2012. The domestic automotive industry must secure a lithium source to supply the next generation of hybrid-electric and electric vehicles. Over 60% of cell phones and 90% of laptops use lithium batteries. The worldwide market for lithium batteries is estimated at over US$4 billion per year.
About Gryphon Resources
Gryphon Resources Inc. trades on the OTC-BB under the symbol GRYO. The Company was incorporated in Nevada in 2006 and has been involved in mineral exploration activities since inception. In 2010, Gryphon acquired the rights to 11 exploration properties in south-eastern Arizona, USA and is currently developing exploration plans for these properties. More information about Gryphon is available on our website: www.gryphonresourcesinc.com.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Safe Harbour Statement under the Private Securities Litigation Reform Act of 1995
Certain information contained in this press release, including any information as to our strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements" statements" as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are forward-looking statements. The words "believe," "expect," "will," "anticipate," "contemplate," "target," "plan," "continue," "budget," "may," "intend," "estimate," "project" and similar expressions identify forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.
SOURCE Gryphon Resources Inc.
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