FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For the month of May 2009
Commission File Number 1-31318
Commission File Number 1-31318
Gold Fields Limited
(Translation of registrant's name into English)
150 Helen Rd.
Sandown, Sandton 2196
South Africa
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under
cover Form 20-F or Form 40-F.
cover Form 20-F or Form 40-F.
Form 20-F..x... Form 40-F.....
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(1): ________
permitted by Regulation S-T Rule 101(b)(1): ________
Indicate by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7): ________
permitted by Regulation S-T Rule 101(b)(7): ________
Indicate by check mark whether by furnishing the information contained in this Form,
the registrant is also thereby furnishing the information to the Commission pursuant to
Rule 12g3-2(b) under the Securities Exchange Act of 1934.
the registrant is also thereby furnishing the information to the Commission pursuant to
Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ..... No ..x...
If "Yes" is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- ________
connection with Rule 12g3-2(b): 82- ________
MEDIA RELEASE
GOLD FIELDS AND BUENAVENTURA ANNOUNCE MAJOR
GOLD DISCOVERY IN SOUTHERN PERU
Johannesburg, 11 May 2010: Chucapaca's joint venture partners, Gold Fields Limited (51%) (Gold Fields)
(JSE, NYSE, NASDAQ Dubai: GFI) and Compañía de Minas Buenaventura S.A.A. (49%) (Buenaventura,
BVN), are pleased to announce the discovery of a major gold-copper-silver deposit in their Chucapaca project
area (CPA) in southern Peru.
Called the Canahuire deposit, it has a Mineral Resource estimate of 5.6 million gold equivalent ounces 1 (Table
1), with mineralisation potential beyond the extent of current drilling. The Inferred Mineral Resource for
Canahuire is approximately 83.7 Mt at 1.9 g/t gold, 0.09% copper and 8.2 g/t silver for a total of 5.6 million gold
equivalent (AuEq 1) ounces.
Table 1: Chucapaca Project, Canahuire Deposit Inferred Mineral Resource (1 May 2010)*
Tonnes
(Mt)
Grade Au
(g/t)
Grade Ag
(g/t)
Grade
Cu (%)
Grade AuEq
1
(g/t)
Metal AuEq
1
(Moz)
83.7
1.9
8.2
0.09
2.1
5.6
* These Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. Attributable metal
to Gold Fields and Buenaventura is 2.9 Moz AuEq 1 and 2.8 Moz AuEq 1 , respectively. The Mineral Resource is reported at
a 0.67 g/t gold equivalent cut-off grade constrained within an optimised pit shell. The pit shell is based on price
assumptions of US$1,150/oz gold, US$3.00/lb copper and US$17/oz silver. The Mineral Resource estimate, which is
reported in accordance with the South African Code for the Reporting of Exploration Results, Mineral Resources and
Mineral Reserves, 2007 Edition (SAMREC code), is reported without dilution or ore loss.
In a joint statement Nick Holland, Chief Executive Officer of Gold Fields, and Roque Benavides, Chief
Executive Officer of Buenaventura, said: "Canahuire is a highly promising gold discovery in an emerging gold
district in South America. Geological indications are that there is significant upside at the Canahuire deposit, as
well as at other targets within the project area. This is an important growth opportunity for Gold Fields and
Buenaventura, and, could also make a significant contribution to the economic development of our community
partners in the Moquegua region."
The Canahuire deposit is one of several targets in the 12,700 ha CPA, which is on average 4,800 m high and
located in the Altiplano area of southern Peru, 120 km northeast of the city of Moquegua. Both joint venture
partners have independently consolidated a significant portfolio of concessions adjacent to the CPA and are
advancing exploration on these concessions.
Tommy McKeith, Executive Vice president for Exploration and Business Development of Gold Fields
commented: "Delineating a 5.6 Moz AuEq1 resource in only 18 months from the first hole is a remarkable
achievement by the exploration team. The Canahuire interim scoping study is on track for completion by June
2010 and, subject to a positive economic outcome, we will commence pre-feasibility in July 2010."
While our initial focus is on the Canahuire deposit, we will at the same time continue to explore the potential of
the rest of the CPA," said Cesar Vidal, Buenaventura's Executive Vice President for Exploration.
to Gold Fields and Buenaventura is 2.9 Moz AuEq 1 and 2.8 Moz AuEq 1 , respectively. The Mineral Resource is reported at
a 0.67 g/t gold equivalent cut-off grade constrained within an optimised pit shell. The pit shell is based on price
assumptions of US$1,150/oz gold, US$3.00/lb copper and US$17/oz silver. The Mineral Resource estimate, which is
reported in accordance with the South African Code for the Reporting of Exploration Results, Mineral Resources and
Mineral Reserves, 2007 Edition (SAMREC code), is reported without dilution or ore loss.
In a joint statement Nick Holland, Chief Executive Officer of Gold Fields, and Roque Benavides, Chief
Executive Officer of Buenaventura, said: "Canahuire is a highly promising gold discovery in an emerging gold
district in South America. Geological indications are that there is significant upside at the Canahuire deposit, as
well as at other targets within the project area. This is an important growth opportunity for Gold Fields and
Buenaventura, and, could also make a significant contribution to the economic development of our community
partners in the Moquegua region."
The Canahuire deposit is one of several targets in the 12,700 ha CPA, which is on average 4,800 m high and
located in the Altiplano area of southern Peru, 120 km northeast of the city of Moquegua. Both joint venture
partners have independently consolidated a significant portfolio of concessions adjacent to the CPA and are
advancing exploration on these concessions.
Tommy McKeith, Executive Vice president for Exploration and Business Development of Gold Fields
commented: "Delineating a 5.6 Moz AuEq1 resource in only 18 months from the first hole is a remarkable
achievement by the exploration team. The Canahuire interim scoping study is on track for completion by June
2010 and, subject to a positive economic outcome, we will commence pre-feasibility in July 2010."
While our initial focus is on the Canahuire deposit, we will at the same time continue to explore the potential of
the rest of the CPA," said Cesar Vidal, Buenaventura's Executive Vice President for Exploration.
-2-
The geometry of mineralisation in Canahuire indicates it is amenable to open-pit mining. The proposed
process consists of crushing and grinding with flotation to produce a smelter-grade copper-gold concentrate
followed by carbon in leach (CIL) extraction from flotation tails. Recovery assumptions are for 77% gold, 82%
copper and 44% silver recoveries respectively.
• Drillhole sample and grade analysis data used in the Mineral Resource estimate have been verified through
quality assurance and quality control programmes.
• The resource estimation has been independently audited by AMEC, which has also been engaged to
complete the Interim Scoping Study.
• The Mineral Resource is relatively insensitive to variations in metal prices and operating costs. A 25%
decrease in metal pricing results in a 13.0% decrease in Mineral Resource tonnes, a 9.3% improvement in
average AuEq 1 grade and a 4.9% decline in AuEq 1 ounces above cut-off grade.
The joint venture company, Canteras del Hallazgo S.A.C (CDH), recently filed a modification to the
Environmental Impact Assessment with the Peru Ministry of Energy and Mines to permit expanded activities for
further scoping and in-fill drilling and, which details the company's commitment to environmental best practice.
Drilling activities will recommence after permitting approval is obtained, which is expected by July 2010, and will
focus on defining extensions of mineralisation towards the west. In the interim drilling is underway to test other
exploration targets within the CPA.
Since exploration started at Chucapaca, CDH has worked closely with key stakeholders, particularly local
communities, by providing open and transparent information. Agreements have been reached with the Corire,
Santiago de Oyo Oyo and Chucapaca communities, which facilitate the continuation of exploration activities
and studies. These agreements provide for health and education programmes in collaboration with the
appropriate authorities, sustainable development programmes identified by the communities, participatory work
and a variety of training initiatives.
1
Gold equivalent grade was calculated based on gold, silver and copper grades normalised to the differentials
of metal prices and recoveries for silver and copper (detailed in this release). Assuming the metal prices net of
offsite costs and recoveries as listed in this release.
Enquiries to Gold Fields
offsite costs and recoveries as listed in this release.
Enquiries to Gold Fields
Investors
Willie Jacobsz
Tel +1 508 839-1188
Mobile +1 857 241-7127
Email Willie.Jacobsz@gfexpl.com
Nikki Catrakilis-Wagner
Tel +27 11 562-9706
Mobile +27 (0) 83 309-6720
Email Nikki.Catrakilis-Wagner@goldfields.co.za
Media
Sven Lunsche
Tel +27 11 562-9763
Mobile +27 (0) 83 260 9279
Email Sven.Lunsche@goldfields.co.za
Enquiries to Buenaventura
Carlos Gálvez
Tel +51 1 419-2540
Email cegalvez@buenaventura.com.pe
Daniel Dominguez
Tel +51 1 419-2536
Email ddominguez@buenaventura.com.pe
Ends
-2-
NOTES TO EDITORS
About Gold Fields
Gold Fields is one of the world's largest unhedged producers of gold with attributable production of 3.6
million ounces per annum from nine operating mines in South Africa, Ghana, Australia and Peru. Gold Fields
also has an extensive growth pipeline with both greenfields and near mine exploration projects at various
stages of development. Gold Fields has total attributable Mineral Reserves of 81 million ounces and Mineral
Resources of 271 million ounces. Gold Fields is listed on JSE Limited (primary listing), the New York Stock
Exchange (NYSE), the Dubai International Financial Exchange (DIFX), the Euronext in Brussels (NYX) and
the Swiss Exchange (SWX). For more information please visit the Gold Fields website at www.goldfields.co.za
About Gold Fields
Gold Fields is one of the world's largest unhedged producers of gold with attributable production of 3.6
million ounces per annum from nine operating mines in South Africa, Ghana, Australia and Peru. Gold Fields
also has an extensive growth pipeline with both greenfields and near mine exploration projects at various
stages of development. Gold Fields has total attributable Mineral Reserves of 81 million ounces and Mineral
Resources of 271 million ounces. Gold Fields is listed on JSE Limited (primary listing), the New York Stock
Exchange (NYSE), the Dubai International Financial Exchange (DIFX), the Euronext in Brussels (NYX) and
the Swiss Exchange (SWX). For more information please visit the Gold Fields website at www.goldfields.co.za
.
About Buenaventura
major holder of mining rights in Peru. The Company is engaged in the mining, processing, development and
exploration of gold and silver and other metals via wholly owned mines, as well as through its participation
in joint exploration projects. Buenaventura's annaul gold equivalent production in 1.2 million ounces. It
currently operates several mines in Peru (Orcopampa, Poracota, Uchucchacua, Antapite, Jul cani and
Recuperada) and has controlling interests in two mining companies (CEDIMIN and El Brocal), as well as
minority interests in several other mining companies in Peru. The Company owns 43.65% in precious metal
producer Minera Yanacocha S.R.L., a partnership with Newmont Mining Corporation, and 19.26% in
Sociedad Minera Cerro Verde, an important Peruvian copper producer. Buenaventura is listed on the New
York Stock Exchange (NYSE). For more information please visit the website at www.buenaventura.com
exploration of gold and silver and other metals via wholly owned mines, as well as through its participation
in joint exploration projects. Buenaventura's annaul gold equivalent production in 1.2 million ounces. It
currently operates several mines in Peru (Orcopampa, Poracota, Uchucchacua, Antapite, Jul cani and
Recuperada) and has controlling interests in two mining companies (CEDIMIN and El Brocal), as well as
minority interests in several other mining companies in Peru. The Company owns 43.65% in precious metal
producer Minera Yanacocha S.R.L., a partnership with Newmont Mining Corporation, and 19.26% in
Sociedad Minera Cerro Verde, an important Peruvian copper producer. Buenaventura is listed on the New
York Stock Exchange (NYSE). For more information please visit the website at www.buenaventura.com
.
The information in this media release that relates to the Mineral Resources is based on information compiled by
Matthew Dusci, AIG, Exploration Manager Peru and General Manager CDH, who has overall responsibility and
accountability for the Canahuire Project, in terms of the SAMREC Code 2007. Alex Trueman, P.Geo.,
MAusIMM(CP), Principal Resource Geologist, is accountable for the Mineral Resource estimation. Both are full
time employees of Gold Fields and qualify as Competent Persons as defined in the SAMREC Code. Mr Dusci
and Mr Trueman consent to the inclusion in the press release of the matters based on their information in the
form and context in which it appears.
The United States Securities and Exchange Commission (SEC) permits mining companies, in their filings with
the SEC, to disclose only those mineral deposits that a company can economically and legally extract or
produce from. Certain terms are used in this release, such as "Mineral Resources", that the SEC guidelines
strictly prohibit companies from including in filings. US investors are urged to consider closely the disclosure in
our Form 20-F.
Matthew Dusci, AIG, Exploration Manager Peru and General Manager CDH, who has overall responsibility and
accountability for the Canahuire Project, in terms of the SAMREC Code 2007. Alex Trueman, P.Geo.,
MAusIMM(CP), Principal Resource Geologist, is accountable for the Mineral Resource estimation. Both are full
time employees of Gold Fields and qualify as Competent Persons as defined in the SAMREC Code. Mr Dusci
and Mr Trueman consent to the inclusion in the press release of the matters based on their information in the
form and context in which it appears.
The United States Securities and Exchange Commission (SEC) permits mining companies, in their filings with
the SEC, to disclose only those mineral deposits that a company can economically and legally extract or
produce from. Certain terms are used in this release, such as "Mineral Resources", that the SEC guidelines
strictly prohibit companies from including in filings. US investors are urged to consider closely the disclosure in
our Form 20-F.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant
has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Date: 11 May 2010
GOLD FIELDS LIMITED
By:
Name:
Mr W J Jacobsz
Title: Senior Vice President: Investor
Relations and Corporate Affairs
Title: Senior Vice President: Investor
Relations and Corporate Affairs