Oct 29 (Reuters) - Gryphon Minerals Ltd GRY.AX :
* Divestment of mauritanian gold and copper assets GRY.AX
* Granted an option to tsx-v listed entity algold resources ltd to acquire 100% of gryphon's interest in its mauritanian assets
* Total consideration of up to A$4.51 million and a further A$3.2 million on achievement of certain milestones
* Says consideration for the granting of the option is the issue of C$250,000 worth of algold resources ltd shares
* Source text for Eikon ID:nASX2dtT14