unior gold developer Gryphon Minerals will be exiting Mauritania after TSX-V-listed Algold Resources exercised an option over Gryphon’s interest in the Tijirit gold and Akjoujt copper/gold projects.
Gryphon in October last year signed an option agreement with Algold Resources, which would acquire the Saboussiri copper/gold project, as well as the Tijirit and Akjoujt projects, for A$4.5-million, including a 14.9% interest in Algold.
