24 Feb 2011 17:33
24 February 2011 AIM:CLF/TSX:CFG
CLUFF GOLD PLC
("Cluff Gold" or the "Company")
resignation of non-executive director
Cluff Gold plc, the dual AIM/TSX listed West African focused gold mining company, announces that Mr Douglas Chikohora is standing down as a Non-Executive Director. Mr Chikohora has recently established a new business and become involved in a number of other ventures. It is for this reason that Douglas has taken the decision to resign from the Board with immediate effect.
Douglas joined Cluff Gold in 2003 as the Company's Technical Director and has been a long standing colleague of Mr Algy Cluff, the Executive Chairman of Cluff Gold. They have worked together for more than 20 years and Douglas has been a key member of the team that has built Cluff Gold into a successful production and exploration company.
Mr Algy Cluff, Executive Chairman, commented:
"I consider Douglas to be a friend and trusted colleague who has contributed a significant amount to Cluff Gold and on behalf of myself, staff and the Board, I wish to thank him for the sound advice and good counsel that he has provided to me and the Company over the years."
Mr Douglas Chikohora commented:
"I am delighted to have made a contribution to the success of Cluff Gold and I wish the Board and staff every success for the future as the Company continues to develop."
ENDS.
About Cluff Gold
Cluff Gold is a gold developer-producer with assets in West Africa. The Company generates cash flow from its two producing assets, Kalsaka in Burkina Faso and Angovia in Côte d'Ivoire, which together produce a total of approximately 95,000oz of gold per annum. The Company strives to become a mid-tier producer through the development of its wholly-owned Baomahun project in Sierra Leone, which is expected to contribute an additional 157,000oz of gold per annum, with significant exploration potential along strike. With its experience of bringing new mines into production, the Company aims to further increase its production profile with its highly prospective exploration work at all three projects.
For further information, please contact:
Cluff Gold plc J.G. Cluff - Chairman Peter Spivey - CEO Tel: +44 (0) 20 7340 9790 | Evolution Securities Limited Rob Collins Tim Redfern Tel: +44 (0) 20 7071 4300 |
Pelham Bell Pottinger Investor Relations (Global) Charles Vivian Philippe Polman Tel: +44 (0) 20 7861 3232 | Farm Street Communications Ltd Press Relations (U.K.) Simon Robinson +44 (0) 7593 340 107 simon.robinson@farmstreetmedia.com |
NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.
This press release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements other than statements of historical fact, included in this release, including, without limitation, the positioning of the Company for future success, statements regarding potential future production at Angovia, Kalsaka and Baomahun, exploration and drilling results at Baomahun, and future capital plans and objectives of Cluff Gold, are forward-looking information that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Cluff Gold's expectations include, among others, risks related to international operations, the actual results of current exploration and drilling activities, changes in project parameters as plans continue to be refined as well as future price of gold. Although Cluff Gold has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Cluff Gold does not undertake to update any forward-looking statements that are included herein, except in accordance with applicable securities laws.
Peter Spivey is a "Qualified Person" within the definition of National Instrument 43-101and has reviewed and approved the information contained within this announcement. Mr Spivey (BSc, AusIMM) is the Chief Executive Officer of the Company.