Cluff Gold makes discovery in Cote d'Ivoire
Cluff Gold, the west Africa-focused gold miner, says it has made a new discovery at its Yaoure Project in Cote d'Ivoire.
Cluff Gold, the west Africa-focused gold miner, says it has made a new discovery at its Yaoure Project in Cote d'Ivoire.
The near-surface find suggests there is gold mineralisation across an area of around 650m near a current Cluff Gold pit.
The firm has now increased the number of drill rigs on site from three to four.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Peter Spivey, Chief Executive of Cluff Gold, commented: "These results reinforce our continued confidence in the Yaoure gold project. The location of the project, situated close to existing infrastructure, means that the cost base for development is much lower than other projects located in
West Africa.
"Yaoure is fast becoming a major component in delivering our stated strategy for becoming a mid-tier gold producer."
The market was certainly happy; Cluff shares were up 7% at 10:37.
BS
Sign up for MoneyWeek's newsletters
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
-
‘I installed a heat pump in my home – here are five things I’ve learnt’
From the size and noise of a heat pump to how much it costs to run one, Ruth Emery reveals what she’s learnt after installing one in her home six months ago
-
3 ways to work out if a stock is good value
The only thing you can really control in investing is the price you pay for an asset – but how can you tell if you’re getting a good deal when it comes to the price of a stock?