Kalsaka Burkina Faso
Highlights
Kalsaka is a producing gold mine in Burkina Faso operated by Cluff Gold (78%). It is expected to produce 60-70,000 ounces of gold in 2012.
Kalsaka produced over 71,000oz of gold in 2011, exceeding its 70,000oz guidance for the year.
As at 31 December 2010, Kalsaka had an estimated 186,000 ounces of proven and probable reserves, at an average grade of 1.7g/t. Inclusive of the mineral reserves, it hosted 402,000 ounces of gold in the measured and indicated categories, at an average grade of 1.6g/t, with an additional 157,000 ounces of gold in the inferred category, in the current mine area.
An aggressive exploration programme is currently in place to increase its resource base and extend the mine life. Interpretation of geological data collated from historical exploration work has identified several exploration targets located less than 5km from the processing plant, and a 63,000-metre drilling programme is expected to begin shortly. A 20-km regional strike extension contained in the neighbouring Yako license is also being explored. Historical drill data also shows that there is potential for sulphide mineralization below the currently oxide resources, and this will be explored as soon as the near-surface exploration work is completed.
The other interests in the project are held by the government of Burkina Faso (10% non-dilutable, free-carried) and a local entity IMAR-B (12%).
Basis for Technical Disclosure
The technical information contained on this webpage, and more generally contained on this website pertaining to Kalsaka, is based on the technical report entitled "Technical Review of the Kalsaka Gold Mine, Burkina Faso" 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 "Kalsaka NI43-101.pdf" under "Related Links".