04/07/2007
Cluff Gold has increased its resource estimate at Baomahun in Sierra Leone 185 per cent to 1.1 million oz.
AIM-quoted Cluff said its new estimate for Baomahun, audited by consultant SRK and compliant with the industry’s JORC standard, includes an indicated gold resource of 114,000 oz at a modest grade of 4.3 grammes of gold per tonne of ore plus a less certain inferred resource of one million oz at 3.2 grammes a tonne, with gold now trading at US$653 (£324) an ounce. Drilling has now stopped because of the rainy season, but exploration will be resumed later this year.
Cluff shares were 4p up this morning at 68p, valuing the company at £47 million.
Related Articles:
|
| 24/10/2008
|
| 15/10/2008
|
| 06/10/2008
|
| 11/09/2008
|
| 14/08/2008
|
People who read this article also read ...
|
| 09/08/2007
|
| 23/07/2007
|
| 04/07/2007
|
| 03/07/2007
|
| 11/07/2006
|
Manage Your Finances
Money, tax and benefits : your official guide.
