Drilling continues at Dugbe F

RNS Number : 5319I

Hummingbird Resources PLC

16 June 2011

 



Hummingbird Resources plc

("Hummingbird" or the "Company" or the "Group")

(AIM: HUM)

Drilling continues to expand resource size and grade at Dugbe F

Highlights

Dugbe F Gold Project, Birimian zone of eastern Liberia.

-     Assays of further 19 holes received - results extend known gold mineralisation

-     First assay results from diamond core drilling west into Joe Village licence area show increasing grades

-     Joe Village assays include a high of: 3.13m at 6.82g/t 

-     Gold assays include 7.32m at 2.26g/t, 9m at 2.09g/t, 11m at 1.67g/t and 12.18m at 1.50g/t

-     3 diamond drill rigs continue exploration across the Joe Village and Dugbe licence areas

-     NI43-101 compliant resource upgrade targeted Q3 2011

Hummingbird Resources plc today announces gold assay results from the exploration drilling programme along the Dugbe Shear Zone ("DSZ") in Liberia. The results mark the first significant assay results from exploration drilling at the Joe Village licence that is located adjacent to the Dugbe licence.

Click below for a map of the Dugbe F Project showing drill hole extension into the Joe Village licence area:

http://www.rns-pdf.londonstockexchange.com/rns/5319I_1-2011-6-15.pdf

http://www.rns-pdf.londonstockexchange.com/rns/5319I_-2011-6-15.pdf

The assays taken were calculated at 0.5 g/t Au cut-off and come from 19 further holes of the ongoing diamond core drill campaign following the Dugbe Shear Zone along strike (14 holes reported on 9^th May 2011).  The drill rigs encountered multiple intersections of gold mineralisation, including intersections of: 3.13m at 6.82g/t, 7.32m at 2.26g/t, 9m at 2.09g/t, 12.18m at 1.50g/t, 8.99m at 1.5g/t, 6.04m at 1.75g/t, 8.47m at 1.49g/t, 9.21m at 1.57g/t and 11m at 1.67g/t.

Core from an additional 34 holes has also been recovered and is being processed and selectively assayed at present. Drilling continues west along the mineralised area and follows a direction indicated by extensive soil sampling and the mineralisation seen in drill core. The NI43-101 compliant resource of 812,000 ounces of gold (552,000 oz Au indicated, 260,000 oz Au inferred) was established from trenching and 88 completed holes at the Dugbe licence area located within the DSZ during 2010. Following completion of exploration of the Joe Village area and across the DSZ it is anticipated that a NI43-101 compliant resource upgrade will be announced towards the end the third quarter of 2011.

Commenting today, Daniel Betts, CEO of Hummingbird Resources plc said: "We are delighted to see the continuation of the Dugbe F structure at increasing grades into Joe Village and the implications of this for a significant resource upgrade expected in Q3.  We currently have three drill rigs working at full capacity on this project."

Table of gold assay results for drill core from Dugbe F Project (0.5g/t Au cut-off, drilled thicknesses shown):

Dugbe licence

HOLE_ID	FROM	TO	Interval	Au ppm
DFDC107	128.03	129.02	0.99	1.60
	140.27	141.42	1.15	1.06
DFDC109	43.42	50.74	7.32	2.26
DFDC114	114.13	118.06	3.93	1.30
DFDC135	65.32	66.42	1.10	2.39
	70.59	73.67	3.08	1.81
	74.73	77.91	3.18	0.92
	86.60	87.60	1.00	0.64
DFDC152	87.93	92.75	4.82	1.61

Joe Village licence (extending west from Dugbe licence)

HOLE_ID	FROM	TO	Interval	Au ppm
DFDC110	0.00	1.72	1.72	2.66
	40.89	43.24	2.35	0.62
	45.27	46.44	1.17	0.70
	50.06	53.10	3.04	1.11
	55.09	56.10	1.01	0.58
DFDC112	36.50	37.67	1.17	0.66
	38.85	51.03	12.18	1.50
DFDC115	36.42	45.41	8.99	1.57
DFDC116	17.30	18.25	0.95	0.62
	19.31	21.33	2.02	1.08
	23.34	24.46	1.12	2.22
	25.57	31.61	6.04	1.75
DFDC118	0.00	0.80	0.80	0.96
	2.30	10.77	8.47	1.49
DFDC120	4.30	13.51	9.21	1.57
DFDC122	0.00	0.63	0.63	0.72
DFDC133	62.02	63.02	1.00	0.50
	74.20	82.19	7.99	1.21
DFDC134	22.27	23.29	1.02	0.50
	29.33	30.32	0.99	1.17
	35.34	43.68	8.34	1.27
	44.85	45.97	1.12	0.72
	49.45	50.60	1.15	0.50
DFDC136	71.10	76.08	4.98	1.35
DFDC138	42.20	43.10	0.90	0.83
	50.68	51.47	0.79	0.50
	53.20	54.00	0.80	1.08
	58.00	59.00	1.00	0.60
	66.33	67.20	0.87	1.00
	73.50	74.18	0.68	0.50
DFDC147	70.00	71.00	1.00	0.51
	72.00	73.17	1.17	2.38
	82.20	83.00	0.80	0.80
	84.00	85.75	1.75	2.56
	89.00	100.00	11.00	1.67
	105.00	108.00	3.00	1.73
	109.00	110.00	1.00	3.32
	114.00	121.00	7.00	0.85
DFDC149	47.70	49.00	1.30	4.00
	65.00	66.00	1.00	1.90
	77.00	79.00	2.00	1.04
	105.00	114.00	9.00	2.09
	115.11	117.00	1.89	1.29
	118.90	119.95	1.05	1.58
DFDC151	92	94	2.00	1.69
	98.26	101.39	3.13	6.82
	104.59	105.74	1.15	1.25

David Pelham has reviewed and approved the technical information contained within this announcement in his capacity as a qualified person, as required under the AIM rules.  David Pelham is Technical Director of the Company and is a member of the Institute of Materials, Minerals and Mining.

ENDS

Enquiries:

Hummingbird Resources plc

Daniel Betts, Chief Executive Officer

Thomas Hill, Chief Financial Officer and Company Secretary

Robert Monro, Corporate Development  [phone]

Liberum Capital Limited

Nominated Adviser and Joint Broker

Tom Fyson / Richard Bootle [phone]

Mirabaud Securities LLP

Joint Broker

Peter Krens [phone]

Threadneedle Communications Limited

Laurence Read /Beth Harris [phone]

Notes to Editors

Hummingbird Resources plc is an AIM quoted mineral exploration company incorporated in England and Wales and headquartered in London. Since its establishment in November 2005, the Group has been active in Liberia, West Africa, and is currently the holder of the largest area of mineral exploration ground in the highly prospective Birimian geological region of eastern Liberia. The Group's licences are prospective for gold, iron ore and other minerals.

The Group currently holds exploration licences covering approximately 7,000 square kilometres in total, which constitutes a significant proportion of eastern Liberia containing the Birimian sequence.

The Group's most advanced gold exploration has taken place in the Dugbe, Joe Village and Zia licence areas, with a recently confirmed gold resource at the Dugbe F Project of 20.90 million tonnes at 1.208 g/t to give 812,000 oz Au using a cutoff grade of 0.5 g/t (Indicated resource of 552,000 ounces of gold at 1.078 g/t Au and an Inferred resource of 260,000 ounces of gold at 1.624 g/t Au). The exploration has been based on sound geological premises and has been executed in an efficient and practical manner according to best industry practices.

For more information, please visit www.hummingbirdresources.co.uk          

 

END

 

 

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