8th Sep 2009 07:00
AIM:CLF
TSX;CFG
For release on Tuesday 8 September, 2009, at 7.00 a.m BST
Cluff Gold plc
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 Côte 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 |
Simon Robinson Investor Relations (U.K.) Farm Street Communications Ltd +44 (0) 20 7099 2212 |
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