28th Jul 2005 12:06
Cluff Gold PLC28 July 2005 28 July 2005 AIM: CLF CLUFF GOLD PLC Angovia gold project, Cote d'Ivoire Resource increase in the region of 500,000 ounces Cluff Gold Plc ("Cluff" or "the Company") today announces that SRK Consulting ("SRK") has concluded further assessment of the sulphide potential of the Angovia Gold Project at the Mt Yaoure Licence, Cote d'Ivoire. SRK has now estimated the sulphide areas below the existing pits to have the potential to contain a resource of the order of 7Mt at a grade of just over 2 g/t Au (an increase in the region of 500,000 ounces further to the last resource estimate). COMINOR, a subsidiary of COGEMA, the French uranium mining group mined the nearsurface ore from 1998 for five years. The assessment work carried out by SRKwas based on historical drill data within and just below the existing pits andcomprised geological and grade modelling. It is now anticipated that someinfill and extension drilling will be required. The programme is being designedto enable the preparation on an Indicated Resource as defined by the JORC Code.A rig has been secured to commence work in September 2005. Mr. Douglas Chikohora, Technical Director of Cluff Gold plc comments, "We arepleased with the latest SRK findings. The Angovia Gold Project's total resourcepotential is now 800,000 ounces, with higher grades below the existing pits.With the rig expected to commence work in September, the Company will now focuson completing a feasibility study of a much larger project than originallyenvisaged.' For further information, please contact: Cluff Gold Numis Securities Parkgreen CommunicationsJ.G. Cluff/Douglas Chikohora John Harrison Justine Howarth/Cathy MalinsChairman/Technical Director Tel: 020 7776 1500 Tel: 020 7493 3713Tel: 020 7340 9790 Notes to Editors: 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 534km2. The licence areaincludes the Angovia gold mine which operated between 1998 and 2003. The minereportedly 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. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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