Cluff Gold has reported what it termed as “significant” gold sulphide drilling results from Yaoure Project formerly known as Angovia project in the Ivory Coast and has according to Peter Spivey approved a “US$6.6 million budget for an aggressive 79,000m exploration drill programme in 2012 which is currently underway”.
Spivey also remains confident the re-evaluated Yaoure project changing focus to sulphide potential rather than the oxide resources hence the change of name, “could deliver considerable value for shareholders”.
The Africa focused miner with its flagship Baomahun asset in Sierra Leone said that the existing resources at Yaoure – consisting of 169,000 ounces in the measured category and 123,000 ounces in the indicated – can be significantly increased during this year.
Initial work it stated in the report “suggests that a significant open pit resource could be delineated at favourable stripping ratios” adding that “testwork indicates that the sulphides are not refractory, suggesting that recovery from a standard CIL plant will not be a problem”.
The company disclosed that its focus now “is to delineate sufficient sulphide resources to sustain a CIL operation, whilst at the same time continuing to search for lateritic and saprolitic oxide resources which could result in an early re-opening of the heap leach operation.”
The reported results mainly stem from the Yaoure Central area where 23 diamond holes were sunk in a 1,967metre programme and include 28.35 metres at 3.24 grammes of gold per tonne in hole YD0021, 31.60 metres with 1.97 g/t in hole YD0014 and 13.25 metres at 4.14 g/t in hole Yd008.
It added that a second phase of diamond drilling focusing on the N-S structures, consisting of 2,000 metres across 9 holes, has begun with results expected in March this year.
Additional 1,000 metre drilling programme following up on the E-W structures is planned for February this year, with results expected this April.
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