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Cluff Gold: Technical Report on Baomahun Filed on SEDAR

21.10.2011  |  Marketwired
LONDON, Oct. 21, 2011 - Cluff Gold (AIM:CLF) (TSX:CFG), the dual AIM/TSX-listed West African-focused gold mining company, announces that following the news release on 5 September 2011, a National Instrument 43-101 technical report entitled "Mineral Resource Estimate at the Baomahun Gold Project, Sierra Leone" dated 5 September 2011 (the "Technical Report") was filed on SEDAR (www.sedar.com) yesterday. It is also available on the Company's website at www.cluffgold.com.

On 5 September 2011, the Company announced an updated resource estimate, which included 2.1 million ounces of gold (25.6Mt at 2.5g/t) in the indicated category, representing a 46% increase over the previous measured and indicated resource estimate released in June 2010. Inferred mineral resources are now estimated at 0.9 million ounces (9.6Mt at 2.8g/t). Details of the mineral resource update can be found in the Technical Report.


Qualified Person

The Technical Report was prepared by Dr. John Arthur of SRK with assistance from Andrew Owusu Asante of Cluff Gold in accordance with National Instrument 43-101-Standards of Disclosure for Mineral Projects ("NI43-101"). Dr John Arthur (CGeol FGS, CEng MIMMM) is a Qualified Person under the guidelines set out in NI43-101 and has reviewed this press release for accuracy and compliance.


About Cluff Gold

Cluff Gold is a gold developer-producer with assets in West Africa. The Company generates significant cash flow through its Kalsaka gold mine in Burkina Faso. The Company remains focused on its objective of becoming 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 and a project pipeline of exploration licenses in Burkina Faso and Mali, the Company aims to further increase its production profile with its highly prospective exploration work across all assets.

Baomahun is Cluff Gold's defining development gold project in Sierra Leone. Definitive feasibility study work is progressing in the immediate resource area, where 2.1Moz of indicated resources 25.6Mt at 2.5g/t) and a further 0.9Moz of inferred resources (comprising 9.6Mt at 2.8g/t) have been delineated to date. The current resource base is limited to only 1.5km of a total 12km strike length which remains largely unexplored to date.

The Company is employing a two-fold strategy for Baomahun: to advance towards production with the current resources while delineating additional ounces along strike.


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 Baomahun, and future 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.

NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.



Contact Information

Cluff Gold plc
Pete Gardner, Finance Director
+44 (0) 20 7340 9790

Cluff Gold plc
Carrie Lun, Investor Relations Manager
+44 (0) 20 7340 9790
www.cluffgold.com

Pelham Bell Pottinger
Lorna Spears, Investor Relations (Global)
+44 (0) 20 7861 3232

Pelham Bell Pottinger
Philippe Polman, Investor Relations (Global)
+44 (0) 20 7861 3232

Evolution Securities Limited
Tim Redfern
+44 (0) 20 7071 4300

Evolution Securities Limited
Jeremy Ellis
+44 (0) 20 7071 4300

Farm Street Communications Ltd
Press Relations (U.K.)
Simon Robinson
+44 (0) 7593 340 107
simon.robinson@farmstreetmedia.com
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