Amara Mining Regulatory News (AMA)

26 Jul 2006 07:01

Cluff Gold PLC26 July 2006 26 July 2006 CLUFF GOLD PLC Encouraging drill results from new satellite deposit, Angovia Gold Project, Cote d'Ivoire Cluff Gold Plc ("Cluff Gold" or "the Company") today announces the receipt offurther assay results from the ongoing reverse circulation ("RC") drillprogramme at the Angovia Gold Project ("Angovia" or "the Project") in Coted'Ivoire. Highlights: • Sixty two holes completed, totalling 4800 metres of drilling to date • New ore body confirmed at Prospect AN2, about two kilometres from the proposed central processing plant • Best intersects: • ARC105 intersects 20m @ 3.39 g/t AU (including 1m @ 43.27g/t AU) • ARC055 intersects 19m @ 6.23g/t AU (including 2m @ 49.53g/t AU) • Potential for resource estimation for Angovia to increase significantly when new drill data is incorporated • Ore from all four satellite deposits to be treated in a central heap leach plant Please click on the following link to see a map of Angovia and the location ofthe four satellite deposits (Prospect 1, Prospect 2, Prospect 3 and AN2) drilltested to date: http://www.rns-pdf.londonstockexchange.com/rns/7249g_-2006-7-25.pdf Assay results have now been received from holes drilled at Prospects 4 and AN2,where a new ore body has been confirmed. Prospect AN2 is located about twokilometres from the proposed plant site at Angovia. Cluff Gold purchased some drill data covering Prospect AN2 from COGEMA, theprevious license holder (as announced in March 2004). However, no validationdrilling had been done to date and the previous resource estimation for Angoviaproduced by SRK consultants (as reported last year) did not include ProspectAN2. The Company therefore anticipates the potential for the resourceestimation at Angovia to increase significantly in the short term. Below is a table of some of the significant intersections encountered in holesat Prospects 4 and AN 2: Hole ID Dip (degrees) Intercept From (m) Prospect CommentARC93 45 5m@1.71g/t 15 AN2ARC94 45 2m@3.36g/t 54 AN2ARC96 45 4m@0.71g/t 14 AN2ARC97 45 5m@1.14g/t 12 AN2ARC98 45 7m@1.21g/t 17 AN2ARC99 45 11m@1.66g/t 17 AN2ARC99 45 7m@1.21g/t 43 AN2ARC100 45 11m@0.94g/t 0 AN2ARC100 45 5m@1.63g/t 19 AN2ARC101 45 7m@1.63g/t 45 AN2ARC102 45 2m@8.96g/t 6 AN2ARC102 45 11m@1.43g/t 35 AN2ARC103 45 5m@1.04g/t 48 AN2ARC103 45 10m@1.00g/t 58 AN2ARC104 45 7m@1.33g/t 4 AN2ARC104 45 3m@2.73g/t 15 AN2ARC104 45 23m@1.83g/t 47 AN2ARC104 45 5m@3.41g/t 34 AN2ARC105 45 20m@3.39g/t 10 AN2 Includes 1m@43.27g /t from 23mARC048 55 4m@1.05g/t 15 4ARC048 55 1m@8.98g/t 45 4ARC053 55 7m@2.19g/t 0 4ARC055 55 5m@1.63g/t 55 4ARC055 55 19m@6.23g/t 66 4 Including 2m@49.53g/t from 66mARC056 55 11m@1.44g/t 11 4ARC056 55 36m@1.23g/t 52 4ARC059 55 2m@5.85g/t 34 4ARC059 55 7m@1.85g/t 42 4ARC059 55 10m@4.42g/t 90 4 Including 2m@19.92g/t from 90m The current drilling is working to define near surface oxide resources from thefour satellite deposits tested to date. It is planned that the ore from theseareas could be trucked and treated in the recently purchased heap leachprocessing plant, located centrally in the Angovia permit area. Historical datafrom COGEMA's previous mining activities demonstrates that heap leach recoveriesof up to 80% are achievable for the near surface oxide ore using the existingplant. The depth of oxidation in the drilled out areas goes down to 70 metresvertically. The underlying sulphides below the satellite ore bodies, and theareas which were formerly mined for oxides by COGEMA, will be investigated indue course. The mineralisation remains open along strike and down dip on the four satellitedeposits drill tested to date. Douglas Chikohora, Technical Director of Cluff Gold plc, comments, "We continueto be very pleased with the developments at Angovia, with these drill resultsconfirming the presence of a fourth satellite orebody on the Project. Thegrades intersected at Prospect AN2 have surpassed our expectations and we expectto significantly add to the resource for Angovia. We look forward to updatingthe resource estimate on completion of the RC drill programme." Qualified Person: Douglas D Chikohora has reviewed the information contained in this announcement.Douglas D Chikohora, Msc, MIMMM, CEng, is the Technical Director of the Company. For further information, please contact: Cluff Gold WH Ireland Parkgreen CommunicationsJ.G. Cluff / Douglas Chikohora David Youngman Cathy Malins / Annabel LeatherChairman / Technical Director Tel: 0161 832 2174 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 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. This information is provided by RNS The company news service from the London Stock Exchange