Cluff Gold: Change of Adviser
08.11.2011 | Marketwire
LONDON, Nov. 8, 2011 - Cluff Gold (“Cluff Gold“ or the “Company“) (AIM:CLF) (TSX:CFG) announces that it has appointed Collins Stewart Europe Limited as its Nominated Adviser and Broker, with immediate effect.About Collins Stewart
Collins Stewart Europe Limited is a subsidiary of Collins Stewart Hawkpoint plc, a leading independent financial advisory group listed on the London Stock Exchange. Collins Stewart Hawkpoint plc employs some 800 staff worldwide and is organised around four operational divisions: Advisory, Corporate Broking, Securities and Wealth Management, all served by its unique research tool, Quest™.
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 150,000oz 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
Collins Stewart Europe Limited
John Prior, Corporate Broking
+44 (0)20 7523 8350
Collins Stewart Europe Limited
Adam Miller,Corporate Broking
+44 (0)20 7523 8350
Collins Stewart Europe Limited
Sebastian Jones
Corporate Broking
+44 (0)20 7523 8350
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
Farm Street Communications Ltd
Press Relations (U.K.)
Simon Robinson
+44 (0) 7593 340 107
simon.robinson@farmstreetmedia.com