Amara Mining Regulatory News (AMA)

7 Mar 2005 07:00

Cluff Gold PLC07 March 2005 7 March 2005 Exploration Data Purchased For Mt Yaoure Licence, Cote D'Ivoire Cluff Gold Plc ("Cluff Gold" or "the Company") announces it has concluded thepurchase of exploration data covering the Mt Yaoure licence, including drillassay results from drilling around the Angovia Mine. The data was purchasedfrom the previous licence holder, COMINOR, a subsidiary of COGEMA the Frenchuranium mining group. This follows the acquisition by the Company of the MtYaoure Licence, located in central Cote d'Ivoire, in August 2004. The information purchased includes drill results which have identified satellitegold deposits near the recently closed down Angovia Gold Mine. Internal reportsby COMINOR have reported a resource of 900 000 tonnes at a grade of 3.7 g/tbased on drilling done to 2001. Additional reverse circulation drillingtotalling 3,500 metres was completed in 2002. A review of the drill dataincluding a resource calculation incorporating the 2002 drill results will beundertaken. The drill results also indicate encouraging gold intersections infour neighbouring prospects. This offers the potential to develop the depositsutilising a centrally located plant. Some of the intersections of note include holes AN 94 with 12.3 metres at 2.3g/tgold from 65.95 metres down the hole; AN 181 with 14 metres at 11.8g/t gold from27 metres down the hole; AN 198 with 21 metres at 2.3g/t gold from 60 metresdown the hole; AN 199 with 21 metres at 1.87g/t gold from 48 metres down thehole; AN 200 with 13metres at 3.02g/t gold from 17 metres and 29 metres at 1.71g/t gold from 36 metres down the hole and KZ 137 with 21 metres at 6.05g/t goldfrom 35 metres down the hole. Drill hole AN198 appears to have been stopped inmineralisation. Cluff Gold has agreed in principle to acquire most of the oxide processing planton site from the government who recently exercised their pre-emption right onthe equipment. The plant operated for five years up to 2003 and produced up to40,000 ounces of gold annually. Mr J G Cluff, Chairman and Chief Executive of Cluff Gold plc comments, "We areactively mobilising the necessary resources in order to move the project to thenext stage with a view to recommence production as soon as possible. The MtYaoure permit presents to us a potential cash flow within a short period of timeand at low capital expenditure given the existing infrastructure on the AngoviaMine." Ends For further information, please contact: Cluff Gold Numis Securities Parkgreen Communications J.G. Cluff / Douglas Chikohora John Harrison Justine Howarth / Cathy MalinsChairman / Technical Director Tel: 020 7776 1500 Tel: 020 7493 3713Tel: 020 7340 9790 This information is provided by RNS The company news service from the London Stock Exchange