High grade results from Yanfolila

RNS Number : 2466R

Hummingbird Resources PLC

10 September 2014

 



Wednesday 10 September 2014

Hummingbird Resources plc

("Hummingbird Resources" or the "Company") (AIM: HUM)

High grade gold drill intercepts from Yanfolila Project

Hummingbird Resources, the gold exploration and development company with assets in Mali and Liberia, is pleased to announce positive drill results from the Sanioumale East deposit, the first deposit the Company has drilled within the 1.8Moz Yanfolila Project in Mali, as part of the optimisation programme.

Selected Yanfolila Drilling Results:

·     SNERD0105 - 3m  @ 3.13g/t gold

·     SNERC0111 - 6m  @ 4.78g/t gold

·     SNERC0116 - 6m  @ 2.66g/t gold

·     SNERC0108 - 8m  @ 7.32g/t gold

·     SNERC0118 - 17m@ 1.36g/t gold

·     SNERC0127 - 8m  @ 5.15g/t gold

·     SNERC0122 - 4m  @ 1.94g/t gold

The infill and extension drill programme is being completed to both increase confidence in and extend existing oxide and transitional zone resources across four of the deposits within the Yanfolila Project.  The desk top re-modelling of Gold Fields drill data being completed by CSA Global (UK) is producing very positive results. These results mean that the Company will extend the 11,000m drill programme to approximately 15,000m with the aim of defining additional resources.  Approximately 3,000m of metallurgical and geotechnical drilling is also being completed on those deposits.  The Company has already drilled over 11,000m and the entire programme will be completed by early October.  All other optimisation work is progressing in line with the plan to commence construction in Q1 2015.

Please click on the link to see a map of deposit locations and drilling status.

http://www.rns-pdf.londonstockexchange.com/rns/2466R_1-2014-9-9.pdf

Dan Betts, CEO of Hummingbird Resources, said:

"The high grade results to date further support the quality of the Yanfolila Project. Having only acquired the Yanfolila Project recently, we are very pleased with progress. We have already completed the initial planned drill programme and because of the positive results we are extending it a further 4,000 metres to potentially increase the resource.    We are looking forward to receiving the rest of the results and completing the re-modelling of the ore bodies.  We anticipate that this will increase the oxide and transitional resources from the Gold Fields model, which will feed into an optimised financial model and increase the Life of Mine production at the Yanfolila Project."

ENDS

Enquiries:

Hummingbird Resources plc
Daniel Betts, Chief Executive Officer
Thomas Hill, Finance Director
Robert Monro, Head of Business Development	[phone]
Cantor Fitzgerald Europe
Nominated Adviser and Corporate Broker
Stewart Dickson / Jeremy Stephenson / Carrie Lun	[phone]
FTI Consulting LLP
Financial PR
Ben Brewerton / Oliver Winters / Sara Powell	[phone]

Notes to Editors

About Hummingbird Resources Plc

Founded in late 2005, Hummingbird Resources is a West African gold explorer and developer (AIM:HUM), which listed on AIM in December 2010 with a maiden N143-101 compliant Resource of 0.8Moz gold in Liberia. Since IPO the Company has significantly grown its initial resource to 4.2Moz at its Dugbe 1 Project in Liberia, West Africa.  In July 2014 Hummingbird Resources acquired Gold Fields' gold assets in Mali. Hummingbird is now a multi-project, near-term producer with 6Moz of gold and 5,000 km² of exploration ground.

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

Drill Results

Calculated at 0.5 g/t Au lower cut-off and Uncut high grade					Drill collar information
Hole ID	From	To	Interval (m)	Grade (g/t Au)	EUTM Survey	NUTM Survey	RL Survey	DIP	AZ	EOH
SNERC0101				No significant values	568,950	1,255,700	371	-55	90	70
SNERC0102				No significant values	568,980	1,255,860	366	-55	90	78
SNERC0103	106	107	1	1.26	568,910	1,255,700	375	-55	90	140
	127	131	4	1.27
SNERC0104	22	23	1	2.12	568,940	1,255,860	372	-55	90	156
	154	155	1	0.60
SNERD0105	73	76	3	3.13	568,870	1,255,700	378	-55	90	155.5
SNERC0106				No significant values	569,280	1,256,180	364	-55	90	69
SNERC0107				No significant values	568,900	1,255,860	370	-55	90	150
SNERC0108	17	25	8	7.32	569,305	1,256,340	360	-55	90	80
SNERC0109				No significant values	569,240	1,256,180	364	-55	90	142
SNERD0110	76	78	2	1.09	569,265	1,256,340	360	-55	90	136
SNERC0111	1	5	4	1.43	569,170	1,255,860	370	-55	90	80
	26	32	6	4.78
SNERC0112				No significant values	569,200	1,256,180	364	-55	90	150
SNERC0113	23	24	1	1.00	569,130	1,255,860	366	-55	90	156
	39	40	1	1.00
	75	77	2	2.00
	80	81	1	1.00
SNERD0114				Core results pending	568,830	1,255,700	380	-55	90	152.15
SNERC0115				No significant values	569,180	1,256,020	369	-55	90	78
SNERC0116	98	104	6	2.66	569,160	1,256,180	361	-55	90	147
SNERC0118	17	20	3	1.91	569,225	1,256,340	360	-55	90	156
	64	81	17	1.36				-55	90
SNERC0119				No significant values	569,120	1,256,180	361		90	158
SNERC0120				No significant values	569,145	1,255,700	377		90	78
SNERC0122	47	51	4	1.94	569,330	1,256,500	355	-55	90	80
SNERD0123	40	41	1	2.69	569,105	1,255,700	376	-55	90	131.3
SNERC0127	48	56	8	5.15	568,870	1,255,540	372	-55	90	78
SNERD0128				Core results pending	568,830	1,255,540	372	-55	90	149.35
SNERC0131	82	84	2	1.20	568,820	1,255,380	369	-55	90	90
SNERC0132				No significant values	568,740	1,255,220	360	-55	90	66
SNERC0138	52	53	1	2.53	568,660	1,254,980	357	-55	90	67
SNERC0142	89	90	1	3.33	568,600	1,254,900	362	-55	90	126
SNERC0145	40	41	1	1.36	568,550	1,254,740	364	-55	90	125

Competent Person Review

Mr. 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 for Companies.  Mr. Pelham is a Director of the Company and is a member of the Institute of Materials, Minerals and Mining.

 

END

 

 

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