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Tuesday, September 04, 2007

Cluff Gold up on Sierra Leone study completion

LONDON (Thomson Financial) - Cluff Gold made headway and added 4 pence to 71-1/2 after a study showed that a zone on the Baomahun gold project in Sierra Leone could be economically viable as an open-pit mine.
The project, in which Cluff has a 60 pct interest, could produce about 140,000 to 200,000 ounces a year.
Shares in Connaught were also higher, advancing 16 to 322 in the wake of an upbeat trading statement and acquisition news.
As a consequence of the acquisitions, Altium Securities upgraded its 2008 and 2009 earnings estimates by 2.5 pct. The house maintains its ''buy'' stance and 400 pence target on the stock.

Euro2day :: UK smallcap opening - Cluff Gold up on Sierra Leone study completion