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Cluff Resources Pacific NL
ABN 72 002 261 565
Registered Office:
1/30 Leighton Place,
Hornsby NSW 2077,
Australia
ASX Code: CFR
Postal Address:
Locked Bag 3355,
Hornsby NSW 2077,
Australia
Tele-Communications:
Tel: (612) 9482 4655
Fax: (612) 9482 4987
email: [email protected]
Internet: www.cluff.com.au
27 October, 2008
The Manager (Companies),
Australian Stock Exchange,
Sydney
Dear Sir,
DELAYS DURING EGERTON GOLD DRILLING –
DRILLING FOR SOURCE ROCK AT COPETON DIAMOND SHAFT
Cluff’s drilling rig is today commencing coring adjacent to the Company’s Copeton Diamond Shaft, penetrating the bedrock beneath the shaft, and seeking potential diamond bearing rocks. Tens of thousands of gem quality diamonds were recovered from several old shafts in close proximity to ours.
Cluff’s shaft clearly demonstrated that gravels do not carry significant numbers of diamonds, as was historically reported. The only alternative source from which this large number of gem diamonds mined in the past could have originated is previously unrecognised source rock within the granite basement. Accordingly we are drilling the basement to investigate whether non conventional, high grade gem diamond source rocks are present.
Dewatering bores necessary for sinking of our shaft, but no longer required, will have the metal screening at their base drilled out, and will provide cased access to the top of the basement rocks beneath the non diamondiferous gravels. Several such bores will be deepened in this program.
The Company’s drilling rig, having reached a depth of 440 metres (target depth is about 600 metres), has been required to cease operations at Mount Egerton for a minimum of four weeks for administrative reasons. Following recent discussions with the Mining Warden and senior management of the Victorian Department of Primary Industries, it was decided to amalgamate the mining tenement on which the drilling is being undertaken with the Joint Ventures’ surrounding exploration licence. During this amalgamation period no drilling activities may be undertaken. The hole will be resumed after the title transfer has been completed.
For further information contact: Scott Enderby on Phone (02) 9482 4655
Email: [email protected]
Yours faithfully,
Peter Kennewell,
Managing Director