8th Jan 2008 12:43
Cluff Gold PLC08 January 2008 8 January 2008 AIM: CLF Cluff Gold plc ("Cluff Gold" or "the Company") Non-Executive Director Appointed The Board of Cluff Gold Plc today announces the appointment of Mr Peter Cowleyas a non-executive director of the Company with immediate effect. Peter Nigel Cowley, aged 60, will also be appointed the chairman of theResources Committee of Cluff Gold (which is responsible for ensuring that allresource and reserve estimates published by the Company have been prepared to anappropriate standard and is currently chaired by Mr TCA Wadeson with Mr RVDanchin as the other member). Mr Cowley has 38 years international experience inthe minerals industry, mainly in Africa. Mr Cowley holds B.Sc, M.Sc and M.B.A.degrees and is a Fellow of I.M.M.M., he has a proven track record in thesuccessful development of gold mines from the discovery stage through tofeasibility study, construction and production, making him a valuable additionto Cluff Gold. Mr Cowley is a director of Banro Corporation ("Banro"), the Canadian-based goldexploration Company where he set up and directed Banro's successful explorationprojects in the Democratic Republic of Congo. Prior to joining Banro in June 2004, Mr Cowley spent eight years as ManagingDirector of Ashanti Exploration Limited, the exploration arm of AshantiGoldfields Company Limited before it was acquired by AngloGold in June 2004 toform AngloGold Ashanti. Reporting directly to the Chief Executive Officer, hewas responsible for all the Company's exploration activities on the Africancontinent. Preceding this Mr Cowley worked for seven years as Group TechnicalDirector of Cluff Resources Limited, before it was acquired by AshantiGoldfields Company Limited in 1996. Mr Cowley remains a director of Banro Corporation but holds no otherdirectorships or partnerships. Algy Cluff, Chairman & Chief Executive of Cluff Gold, commented; "I am delightedto welcome Peter Cowley to the board of Cluff Gold. Mr Cowley and I workedtogether at Cluff Resources and he was then credited to a considerable degreewith the discovery of what is now the Geita Gold Mine in Tanzania. It isexcellent news for the Company that, as Africa becomes increasingly importantfor mining companies, we have the benefit of his many years experience of thecontinent's geology and mineral deposits. Mr Cowley has not been a director or partner of any other company, other thanthose mentioned above, in the last five years and does not hold any shares inthe Company. There is no other information that needs to be disclosed pursuant to ScheduleTwo paragraph (g) of the AIM Rules for Companies. Enquiries: Cluff Gold plc WH Ireland LimitedJ.G. Cluff / Douglas Chikohora David Youngman / Katy MitchellChairman / Technical Director Tel: +44 161 832 2174Tel: +44 (0) 20 7340 9790 Parkgreen Communications Louise Goodeve / Justine Howarth Tel: +44 (0) 20 7851 7480 About Cluff Gold Cluff Gold plc is focused on the identification, acquisition and development ofgold deposits in West Africa that are amenable to open-pit mining and low costproduction techniques. The Company has made significant progress since its floatation on AIM inDecember 2004, increasing gold resources across its projects, expanding theproject portfolio and broadening the investor base to an increasinglyinternational audience. Mt. Yaoure, Cote d'Ivoire The Mt. Yaoure permit is located 40km northwest of Yamoussoukro, the politicalcapital of Cote d'Ivoire, and covers a surface area of 534km(2). The licencearea includes the Angovia gold mine which operated between 1998 and 2003. Themine reportedly produced over 180,000 ounces of gold during this period by heapleaching some 2 million tonnes of oxide material. The Cote d'Ivoire governmenthas issued a certificate to CMA, a subsidiary of COGEMA, the French uraniummining group, evidencing that it has complied with the work prescribed by themining regulations relating to the protection of the environment and therestoration of the part of the licence area covered by the Angovia gold mine. The infrastructure in the area is good and includes a hydroelectric dam sixkilometres from the Angovia mine site. Kalsaka, Burkina Faso Kalsaka is located approximately 150km north west of Ouagadougou, the capital ofBurkina Faso, and contains an oxide gold mineral resource of 600,000 ounces thathas been demonstrated, by a feasibility study, to be technically amenable toopen-pit mining and processing via heap leaching. Water, environmental andmining permits for the project have been granted. The mining permit is valid fortwenty years. Baomahun, Sierra Leone. The Baomahun Gold Project covers an area of about 137 km-2 and is located about180 kilometres east of Freetown, in the Southern Province of Sierra Leone. Thegeological setting is similar to the Lake Victoria goldfields in Tanzania.According to the terms of a joint venture agreement with the owner of Baomahun,Winston Mines Limited, Cluff Gold has recently completed an earn-in of a 60%interest in the Baomahun prospect by spending US$5 million on exploration /development funding. A JORC resource of 1, 160, 000 ounces has so far beendelineated at Baomahun, though more than 70% of the defined mineralised zone isyet to be drilled. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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