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Cluff Gold

Publié le 08 septembre 2009

Results from the Drilling Programme at the Baomahun gold project

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Results from the Drilling Programme at the Baomahun gold project in Sierra Leone show strong potential

 

 

London, England, 8 September, 2009 - Cluff Gold plc (AIM: CLF; TSX: CFG) ("Cluff" or "the Company"), the West African focused gold mining company, announces the successful completion of the 7,000 metre drilling programme at Baomahun, its flagship gold project located in Sierra Leone. The drill holes were programmed to intersect depth extensions of known mineralised ore shoots as announced on 20th April 2009.

 

All assay results have been received from the eleven completed holes. The results demonstrate the down dip continuity of mineralisation at grades and widths which the Company considers show strong potential to support an underground operation either alongside or subsequent to an open pit operation.  

 

Highlights:

 

Baomahun gold project, Sierra Leone: (100% ownership)

 

·         Nine holes intersect mineralisation at depth.

·         High grade intersections were reported in DDH 299A which intersected 32 metres grading at 2.69g/t including 11 metres at 5.57g/t from 350 metre inclined depth; DDH 304 which intersected 60 metres at 3.89g/t from 632 metres down the hole including 6 metres at 11.7g/t from 657 metres; and DDH 305 which intersected 18 metres at 4.04g/t from 526 metres down the hole including 5 metres at 10.8g/t from 532 metres.

·         Results to be incorporated into a new resource update which is likely to be published during October 2009.

 

Commenting on these results, Mr Douglas Chikohora, Technical Director of Cluff Gold said, "We are extremely pleased with these drill results which demonstrate that mineralisation, with excellent grades, extends to a vertical depth of at least 600 metres. We believe that these results illustrate the possibility of underground operations at the Baomahun gold project. A resource update is currently being prepared and it is expected that it will be released in October 2009."

 

Below is a table summarising the significant mineralised intersections:

 

 

 

 

 

 

 

 

Hole ID

Dip(0)

Azimuth (0Mag)

Intercept

From (m)

Zone

Comments

DDH296

80

227

2m @ 1.20g/t

53

Eastern Zone

 

 

 

 

2m @ 1.26g/t

519

 

 

 

 

 

7m @ 2.02g/t

561

 

 

 

 

 

11m @ 3.23g/t

578

 

includes 2m @ 7.80g/t  from 581m

DDH297

79

220

3m @ 2.60g/t

42

Eastern Zone

 

 

 

 

3m @ 3.06g/t

386

 

 

 

 

 

8m @ 1.33g/t

486

 

 

 

 

 

2m @ 2.97g/t

511

 

 

DDH298

79

220

3m @ 5.32g/t

400

Eastern Zone

including 1m @ 14.1g/t from 400m

 

 

 

9m @ 5.97g/t

467

 

including 1m @ 22.5g/t from 468m

DDH299A

81

214

6m @ 1.84g/t

94

Eastern Zone

 

 

 

 

4m @ 1.81g/t

260

 

 

 

 

 

32m @ 2.69g/t

331

 

includes 11m @ 5.57g/t  from 350m

 

 

 

4m @ 2.36g/t

372

 

 

 

 

 

6m @ 2.38g/t

380

 

 

 

 

 

5m @ 4.76g/t

393

 

 

 

 

 

5m @ 3.37g/t

439

 

includes 2m @ 6.74g/t  from 442m

DDH300

78

231

2m @ 1.35g/t

41

Central Zone

 

 

 

 

4m @ 2.11g/t

56

 

 

 

 

 

6m @ 5.51g/t

441

 

includes 3m @ 9.48g/t  from 442m

 

 

 

3m @3.76g/t

476

 

 

 

 

 

3m @3.85g/t

521

 

 

DDH301

70

247

3m @2.56g/t

458

Central Zone

 

 

 

 

10m @10.5g/t

487

 

 

DDH303A

75

252

3m @ 4.25g/t

69

Central Zone

 

 

 

 

3m @ 1.21 g/t

399

 

 

DDH304

64

66.5

60m @ 3.89g/t

632

Central Zone

includes 6m @ 11.7 g/t from 657m

 

 

 

 

 

 

includes 4m @ 10.0g/t from 639m

 

 

 

9m @ 2.9g/t

726

 

 

DDH305

57

52

18m @ 4.04 g/t

526

Central Zone

Includes 5m @ 10.8 g/t from 532m

 

 

 

4m @ 1.88 g/t

584

 

 

 

 

 

 

 

 

 

 

True thickness of mineralisation may vary from 40% to 70% of intersected widths. 

 

Drill cores for assaying were taken at a maximum of one metre intervals and were cut with a diamond saw and one half of the core placed in sealed bags and sent to the Company's sample preparation facility at Baomahun, Sierra Leone. The core samples were then crushed to minus 6mm, and split with half of the sample pulverised down to 80% passing 106 microns. Approximately 120 grams of the pulverised sample were then shipped to the SGS Laboratory (which is independent of the company) in Siguiri, Guinea where the samples were analysed for gold by fire assay using a 50g charge. As part of the Company's QA/QC procedures, internationally recognised standards, duplicates and blanks were inserted into the sample batches.

 

Douglas D Chikohora has reviewed and approved the information contained in this announcement. Douglas D Chikohora, (MSc, MIMMM, CEng) is Technical Director of the Company.  

 

About Cluff Gold

Cluff Gold is focused on the identification, acquisition and development of gold deposits in West Africa that are amenable to open-pit mining and low cost production techniques. The Company has assembled a portfolio of mineral interests at various stages of development in C?te d'Ivoire, Burkina Faso, Sierra Leone and Mali. Cluff Gold progressed from being an explorer to a producer in Q1 2008 and is expected to produce 100,000 ounces of gold on an annualised basis for 2009 from its Angovia Gold Mine in Cote d'Ivoire and from its Kalsaka Gold Mine in Burkina Faso. Cluff Gold is actively evaluating known satellite deposits to expand the resource base at both mines.

 

 

This News Release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, the positioning of the Company for future success, statements regarding potential future production at Angovia and Kalsaka, exploration and drilling results at Baomahun, and future capital plans and objectives of Cluff Gold, are forward-looking information that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Cluff Gold's expectations include, among others, risks related to international operations, the actual results of current exploration and drilling activities, changes in project parameters as plans continue to be refined as well as future price of gold. Although Cluff Gold has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended.

 

There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.  Cluff Gold does not undertake to update any forward-looking statements that are included herein, except in accordance with applicable securities laws.

 

NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.

 

 

 

For further information, please contact:

 

Cluff Gold plc 

J.G. Cluff/Douglas Chikohora    

Chairman/Technical Director

Tel: +44 (0) 20 7340 9790

 

Evolution Securities Limited                

Rob Collins

Tim Redfern

Tel: +44 (0) 20 7071 4300

 

 

Joanna Longo

Investor Relations (Canada)

The Equicom Group

+1 416 815 0700 ext 233

jlongo@equicomgroup.com

    Simon Robinson

    Investor Relations (U.K.)

    Farm Street Communications Ltd

    +44 (0) 20 7099 2212

    simon.robinson@farmstreetmedia.com

 

Cluff Gold

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CODE : EWE.BE
ISIN : GB00B04M1L91
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Cluff Gold est une société de production minière d'or basée au Royaume-Uni.

Cluff Gold détient divers projets d'exploration au Ghana.

Ses principaux projets en production sont KALSAKA et ANGOVIA (MT YAOURE) au Burkina Faso, son principal projet en développement est BAOMAHUN en Sierra Leone et ses principaux projets en exploration sont KARBASSO au Mali et AKROPONG au Ghana.

Cluff Gold est cotée au Canada, au Royaume-Uni, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 11,8 milliards GBX (19,1 milliards US$, 14,7 milliards €).

La valeur de son action a atteint son plus haut niveau récent le 27 mai 2011 à 99,75 GBX, et son plus bas niveau récent le 05 juillet 2013 à 10,02 GBX.

Cluff Gold possède 168 047 937 actions en circulation.

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Rapports annuels de Cluff Gold
2008 Annual report
Nominations de Cluff Gold
29/05/2009Appointment of Nominated Advisor and Joint Brokers
Projets de Cluff Gold
08/09/2009(Baomahun)Results from the Drilling Programme at the Baomahun gold pro...
21/07/2009(Kalsaka)Commissioning of the Kalsaka Gold Mine in Burkina Faso
27/11/2008(Baomahun)CLUFF GOLD INCREASES MEASURED/INDICATED MINERAL RESOURCES AT...
Communiqués de Presse de Cluff Gold
03/05/2011at Mining Journal Gold & Precious Metals Day - webcast
11/04/2011at Master Investor 2011
26/06/2009Result of Annual General Meeting
27/05/2009Preliminary Results for the Year Ended 31st December, 2008
04/03/2009 Placing and Notice of General Meeting
09/01/2009All Conditions Precedent satisfied for US$10 million Standby...
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