Cluff (CLF.T) hikes Sierra Leone gold to 1.1 million oz
Cluff Gold has raised its mineral resource at the very promising Baomahun gold project in Sierra Leone to over the 1 million ounce bracket and plans scoping study for completion Q1 2010
Author: Proactive Investors
Posted: Thursday , 22 Oct 2009
LONDON (PROACTIVE INVESTORS) -
West African focused gold deposit developer Cluff Gold (AIM & TSX: CLF) reported a 40% increase in total mineral resources at its flagship Baomahun gold project in Sierra Leone after an extensive drilling campaign with investigation into possible mineralisation extensions set to be launched shortly.
The resources update followed an 11-hole, 7,000-metre drilling campaign, aimed at testing the underground potential of the mine. As a result, the inferred minerals resources increased to 9.2 million tonnes grading 3.2 g/t (grammes per tonne) or 957,000 oz (ounces) from 500,000 oz of gold, while the total measured and indicated resource now stands at 12 million tonnes grading 2.9 g/t for a total 1,103,000 ounces of gold.
A scoping study into the combined open pit/underground scenario is expected to be completed in the first quarter of 2010.
"The recent drilling has added over 600,000 ounces to our total mineral resource base at grades and widths that are conducive to our plans to establish a combined open pit and underground operation at Baomahun. We look forward to completing the scoping study early next year, which will be based on this larger resource, and will address the potential of a combined open pit and underground operation with a much longer mine life," said Cluff's Technical Director Douglas Chikohora.
Cluff plans to launch a follow-up work programme to investigate potential extensions of the mineralisation including DDH301 (10 metres at 10.5 g/t) in the Central Zone and DDH298 (9 metres at 5.97 g/t) in the Eastern Zone.
The overall exploration costs have so far amounted to US$9 per oz discovered to date.
Published courtesy of Proactive Investors - www.practiveinvestors.co.uk
