West Africa-focused gold miner Cluff Gold has reported 'significant' sulphide drilling results from its Yaoure project in Cote d'Ivoire.
The firm said the results "give confidence" that existing sulphide resources at Yaoure can be significantly increased throughout 2012.
The resource consists of 169,999oz measured sulphide and 123,000oz of indicated sulphide.
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Chief Executive Peter Spivey said: "Following the company's decision to re-evaluate the Yaoure project in 2011, we are extremely pleased to be able to report such strong sulphide mineralisation from the initial 1,967m diamond drilling programme.
"Given the early successes we have had in regard to our sulphide drilling, we have taken the decision to focus on the significant sulphide potential that we believe exists and have therefore chosen to rename the project both to reflect this and differentiate it from the previous strategy which focused solely on the oxide resources."
Initial results indicate that the project is not refractory - in other words, it does not retain its strength at high temperatures.
The share price rose 5.13% to 84.25p by 12:03.
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