The Operations at the Kalsaka Gold Mine by Cluff Gold plc

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Cluff Gold plc, the West African focused gold mining company announces that, as at 30 June 2009, the operations at the Kalsaka Gold Mine have reached the required standard at which successful commissioning has been achieved.

Gold was first poured at the Kalsaka Gold Mine in October, 2008 and since that time performance has incrementally increased each month.

Total gold production for the first 6 months of 2009 amounted to 26,772 ounces at a cash operating cost of US$595 per ounce (US$632 per ounce including royalty and refining charges). Forecast production for the full year is 60,000 ounces.

“The successful commissioning of the Kalsaka Gold Mine is a direct result of a strong team that has worked diligently to advance this project from development into operations,” said Mr. Algy Cluff, Chairman and CEO of Cluff Gold plc. “However, this is just phase one as it is our intention to increase the capacity of the plant at Kalsaka and to increase our resource base such that the Kalsaka Gold Mine becomes the hub for the development of satellite deposits in this area. With the increased throughput, we believe we will achieve better than our forecast production for the year and lower cash cost per ounce.”

Kalsaka Gold Mine

The Kalsaka Gold Mine is located approximately 150km north west of Ouagadougou, the capital of Burkina Faso, and contains an oxide gold mineral resource that has already been demonstrated, by a feasibility study, to be technically amenable to open-pit mining and processing via heap leaching. The Company poured the first gold in October of 2008. The projected annualized gold production is 60,000 ounces. The mine has total measured and indicated resource of 12.1 million tones at 1.6 g/t Au and 3.3 million tones of inferred resource at 1.5g/t Au. The ore bodies are amenable to open-pit mining and heap leach processing methods. Cluff has a 78% ownership of the Kalaska Gold Mine, the remaining interest being held by the Company’s local partner, IMAR-B (12%) and the government of Burkina Faso (10% free-carried interest).

More than One Tonne of Gold Poured at Sabodala

Top Mining News : This is an information of the achievment of "The Sabodala Gold Mine" in producing Gold mine in Africa especially in Sinegal. Read the information below:

Mineral Deposits Limited announce that over one tonne of gold (32,151 ounces) has been poured at the Sabodala Gold Mine in Senegal, west Africa since start-up of full production in early April. This milestone is a credit to the entire team at Sabodala.

The plus US$220 million project is now processing material above the nominal mill capacity of 2 million tonnes per year.

“The Managing Director, Jeff Williams, said the one tonne milestone is a tremendous achievement for all shareholders and has set the foundation for 2009 and beyond.”

The company expects to produce 160,000 ounces in calendar 2009 at a cash operating cost of between US$420-440 per ounce.

The Sabodala Gold Mine is operated through Sabodala Gold Operations SA which is 10%-owned by the Government of the Republic of Senegal and 90%-owned by MDL.

Venezuela Tries to Offer Russians Big Gold Projects

“Daily updated mining exploration news on gold”—-CARACAS — Venezuela plans to build mines at its largest gold deposits with Russian help, the mining minister said on Thursday, apparently killing a years-long bid by two Canadian companies to develop the projects.

The decision reflects leftist President Hugo Chavez efforts to boost ties with Russia, increase state control over a key sector and speed up stalled mining development as tumbling crude prices threaten to crimp the OPEC nation’s finances.

An accord will be signed on Friday with Russian-owned Rusoro to operate the Las Cristinas and Brisas projects with Venezuela, mining minister Rodolfo Sanz told a Russian government delegation during a presentation observed by Reuters. Rusoro’s share price soared after the news.

Las Cristinas, one of Latin America’s largest gold projects, is currently operated by Canada’s Crystallex, which waited in vain for years for an environmental license to start mining.

Nearby Brisas is operated by Gold Reserve, which has a concession for the mainly gold project but was also waiting for environmental permits.

While it appeared that Sanz will replace Crystallex and Gold Reserve with Rusoro, he did not mention their names.

He said the memorandum would not mention Las Cristinas and Brisas by name for legal reasons but assured the Russians they would have access to the projects.

“You can be sure that those will be the deposits,” he told the delegation.

“We have to rescind our relationship with a company that has been working in the zone,” Sanz also said, apparently in reference to Crystallex. “We have a legal problem there.”

Approached after the presentation by Reuters, Sanz said Rusoro’s involvement in Las Cristinas had not yet been decided.

The statements came a day after Venezuela, which frequently warns against building reserves in U.S. dollars, said it wanted to recover control over its gold to boost its gold reserves as a shield from global financial crisis.

Chavez in recent years has wrested control from the private sector of the oil, electricity and telecom industries.

Rusoro’s stock jumped by as much as 38 percent to C$0.65 following Thursday’s news, while shares of Crystallex edged down. Gold Reserve shares were up slightly.

A Crystallex spokesman told Reuters that Venezuelan officials have said the project remains on track. A Rusoro spokesman did not comment on the situation but said CEO George Salamis was on his way to Venezuela.

Handbook of gold exploration and evaluation

Description
Designed for geologists and engineers engaged specifically in the search for gold deposits of all types and as a reference for academics in higher schools of learning, the Handbook of Gold Exploration and Evaluation provides principles and detailed explanations that underpin the correct interpretation of day-to-day experience in the field. Problems are addressed with regard to the analysis, interpretation, and understanding of the general framework within which both primary and secondary gold resources are explored, developed, and exploited.

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