Cluff now appears to be in the process of a re-rating by the market with a potential company making joint venture in place with Varun Industries one of India's top 500 companies and with 3 projects about to start in Madagascar focusing on Gold, Gem stones and Platinum .
Cluff Chairman Peter Ashcroft witnessed gold being panned from part of this sample when it was collected in late January 2011.
Cluff is enormously encouraged by this preliminary result. ALS will be undertaking a full mineral analysis of its samples as will Gekko who will also be providing a report on the ideal processing plant for the nature of the gold in the deposit.
We anticipate the results of the analysis will be available by the end of February.
10 January 2011 Madagascar Work Programs
Cluff Resources Pacific NL (Cluff) announces today its initial work programs for the three projects the subject of the Varun Cluff joint venture for the 6 months to 30 June 2011.
Project 1 : Ihosy Gold (Production licence 39110)
Observations of the quartz bearing vein indicates the gold is free within the quartz and not flaky in character, although it does not appear nuggetty and is relatively fine grained.
if anyone is wondering does Madagascar contain gold perhaps the following article released a few days ago might be imformative .. moreover CFR seems to be targeting the primary gold deposits which are thought to be of mesothermal quartz-hosted type.
Gold Mining in Madagascar
Mon, Feb 14, 2011 Feature Articles, Gold Articles By Leia Michele Toovey- Exclusive to Gold Investing News
Madagascar is an up and coming mining country, considered one of the best gold exploration targets in Africa.
Madagascar is the third-largest island in the world, located approximately 400 km from the African mainland across the Mozambique Channel. A significant gold producer in the past, Madagascar�s mining and exploration industry is largely underdeveloped due to a tumultuous political history.
Despite the vast potential to host valuable mineral deposits, Madagascar does not have a well-developed mining industry. Thirty-years ago, Madagascar was one of the best geologically studied countries in Africa, but then the country experienced a period of political instability that resulted in exploration being put on the back-burner. Madagascar recently started to regain lost footing since 1993 when liberal democracy returned to the country.
Although considered a part of the African Continent in terms of geography, Madagascar is a micro-continent of its own, stranded between Africa and Southern Asia. This fact is apparent in the local geology, flora and fauna. The geology of Madagascar is more similar to South East Asia, particularly India and Sri Lanka, rather than Africa.
Madagascar�s primary gold deposits are thought to be of mesothermal �lode� quartz-hosted type. This type of lode gold deposit is extremely valuable, accounting for nearly 20 percent of world gold deposits.
The same type of deposits can also be found in Australia, Canada, Brazil and Ghana. Madagascar gold is found specifically in greenstone belts, quartz reefs and quartz veins, and as diffused mineral.
Gold has also been recovered from ancient and recent alluvial accumulations and lateritic earth. The mineralization of vein deposits is mainly gold-quartz and gold-sulphide associations.
Primary gold deposits in Madagascar predate the breaking up of Gondwana, the southernmost of the two super continents that made up Pangea. This is an important fact, as is renders regional tectonics irrelevant to the gold deposition model. Madagascars basement rocks- the oldest rocks in the area, have been divided into three main systems. From the youngest to the oldest these are: the Vohibory System the Graphite System, and the Androyen System. The Graphite system forms the greatest part of Madagascars basement and is the most consistently mineralized in gold. The Vohibory System also contains some gold districts.
Classification of Madagascars gold deposits
Madagascars valuable gold deposits are classified broadly into two categories, primary and secondary deposits. When it comes to Madagascars primary gold deposits, they are found in Precambrian metamorphic terrains as veins of gold-bearing quartz, or finely disseminated in the various facies of the crystalline schists. These deposits are classified according to the time period in which they formed: Archean Eon primary deposits, Proterozoic Eon primary deposits and Mesozoic Era gold deposits. Gold is commonly found in Archean terrains, but also in Proterozoic.
Secondary deposits are formed through the alteration of primary deposits. The re-concentration of gold by surface waters is a common mechanism in Madagascar, that has led to formation of economical grade gold deposits. These secondary deposits include eluvial deposits, where the secondary material has been transported along slopes. Eluvial processes can form locally valuable deposits, despite a low-grade origin. Old alluvial deposits occur where the gold-bearing sediment is consolidated.
These alluvial deposits are common along valley floors and terraces. Present day alluvial deposits are found in the gravels and sediments of present-day river beds. These have been traditionally the easiest deposits to exploit. More than 80 percent of Madagascars historical gold production has originated from these deposits.
CFR Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
