Yaoure Côte d’Ivoire

Highlights
Yaoure (previously Angovia) is a gold project located in Côte d’Ivoire owned by Cluff Gold (90%). A former producer previously operated by Compagnie Minière d’Afrique (CMA), Yaoure produced 1.9 million tonnes of ore with an average grade of 3.9 g/t gold over five years, but was closed in 2003 due to the prevailing gold price. The mine was acquired by Cluff Gold in 2004, and was fully commissioned in September 2009 under Cluff’s ownership.


The Yaoure project is ideally located in Côte d’Ivoire with tarred roads being within a few kilometres of the mine site and having a low cost hydroelectric power source from the Kossou power station, within 5 kilometres of the property. Due to these natural infrastructure advantages, the resources needed to justify the construction of a CIL/CIP plant should be lower than would be the case in other less beneficial locations and the project would be expected to benefit from relatively lower capital and operating costs.


The Company's focus is to delineate sufficient sulphide resources to sustain a CIL/CIP operation, whilst at the same time continuing to search for lateritic and saprolitic oxide resources which could result in an early re-opening of its previous oxide heap leach operation.


As at 31 December 2010, Yaoure had an 292,000oz of sulphide resources (at an average grade of 1.6g/t) in the measured and indicated categories already delineated.  Together with the oxide mineralisation, it has 484,000 ounces of resources in the measured and indicated categories (including 81,000 ounces of proven and probable reserves, at an average grade of 1.2g/t), at an average grade of 1.5g/t, with an additional 63,000 ounces of gold in the inferred category.


The remaining 10% interest is held by the Côte d’Ivoire government.


Basis for Technical Disclosure
The technical information contained on this webpage, and more generally contained on this website pertaining to Yaoure (previously titled Angovia), is based on the technical report entitled "Technical Review of the Angovia Gold Mine, Mount Yaouré, Côte d’Ivoire" dated as of October 16, 2008 and prepared by Dr. Mike Armitage who is a "qualified person" (as such term is defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects) and is independent of Cluff Gold plc. A copy of the report can be found by clicking on the link entitled "Yaoure NI43-101.pdf" under "Related Links".