Amara Mining Regulatory News (AMA)

14 Nov 2005 07:01

Cluff Gold PLC14 November 2005 CLUFF GOLD PLC Completion of Validation Drill Programme at Angovia Gold Project, in Cote d'Ivoire Cluff Gold Plc ("Cluff Gold" or "the Company") today announces the completion ofits validation reverse circulation drill programme at the Angovia Gold Project("Angovia"), Cote d'Ivoire. Highlights: • 38 drillholes were completed for a total of 2500m over three out of four satellite deposits • Significant high gold values intersected in 29 holes both in oxides and sulphides including 5m @ 20.72g/t and 21m @ 4.58g/t in holes 7 and 24 respectively • Mineralisation remains open in all directions • Sulphide resource below existing pits remains untested • Resource update currently being undertaken by SRK Consultants The drilling programme followed SRK Consulting's (''SRK'') recommendations afterthey had assessed the exploration database purchased from the previous licenseholder, COMINOR, a subsidiary of COGEMA, the French uranium mining group. The company has received all assay results from the programme and below is atable of some of the significant intersections. Hole ID Dip (degrees) Intercept From (m) ARC001 55 22m@2.15g/t 11 ARC007* 55 12m@8.85g/t 48 Includes 5m@20.72g/t ARC008* 55 21m@8.95g/t 39 ARC010 55 45m@1.31g/t 2 Includes 6m@6.64g/t ARC012* 60 13m@3.79g/t 6 27m@1.85g/t 33 ARC013 60 30m@2.38g/t 22 Includes 11m@4.94g/t ARC 014* 60 15m@1.89g/t 25 ARC 017 60 20m@1.13g/t 31 ARC 023* 60 28m@1.33g/t 12 ARC 024 60 30m@3.64g/t 71 Includes 21m@4.58g/t ARC 026 60 15m@1.19g/t 50 ARC 027 60 15m@1.35g/t 37 ARC 039* 55 16m@3.80g/t 79 * - holes ending in mineralisation The mineralisation remains open in all directions on the three satellitedeposits tested so far. Douglas Chikohora, Technical Director of Cluff Gold plc, comments, '"We arepleased with the drill results, which confirm our belief that Cote d'Ivoire isone of the most prospective countries for gold exploration and development inAfrica today, with the potential for major new discoveries. We are also greatlyencouraged by the consistent grades and widths of the intersections. Not onlyhave they validated the historical drill data but in most cases have extendedthe strike and down dip extensions of known mineralisation. The successfulcompletion of this drilling programme as recommended by SRK is a significantmilestone in the development of the Angovia Gold Project where the current totalresource potential is 800,000 ounces. We look forward to making a furtherannouncement as soon as the resource estimate by SRK is completed." For further information, please contact: Cluff Gold Numis Securities Parkgreen CommunicationsJ.G. Cluff / Douglas Chikohora John Harrison Cathy Malins / Annabel LeatherChairman / 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 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