Latest Results from Tuzon Project

RNS Number : 6958S

Hummingbird Resources PLC

24 November 2011

 

RNS Number : 6793S

Hummingbird Resources PLC

24 November 2011

Hummingbird Resources plc

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

Latest results from Tuzon Project

Hummingbird Resources Plc is pleased to announce, prior to a site visit by analysts next week, excellent new drill results from its 100% owned Tuzon Project just 3km east of the 1.8 million ounce (1.4m Indicated and 0.4m Inferred) Dugbe F NI43-101 compliant resource.  The twelve new holes have returned the Company's best gold intersections to date, beating the record recently set at Tuzon announced last month. 

Tuzon Drill Highlights:

· Multiple wide gold zones intersected in each hole (aggregated highlights included below with full list in appendix):

Hole 5 (TDC005)

44.88m @ 1.49 g/t Au

Hole 7 (TDC007)

 64.06m @ 1.38 g/t Au

Hole 8 (TDC008)

85.96m @ 1.48 g/t Au

Hole 12 (TDC012)

75.43m @ 1.97 g/t Au

Hole 16 (TDC016)

125.44m @ 2.41 g/t Au

· Continued strong arsenic intersections in 20 holes awaiting Au results.

The presence of gold mineralisation at Tuzon was first revealed by soil geochemistry earlier this year and has been tested by a total of 35 diamond holes over a 1 km strike length to date, with assays received so far for 15 holes.  XRF arsenic results from the outstanding holes suggest that further broad mineralised intercepts have been encountered.  Drilling is on-going and it is anticipated that drill data will be used to model a maiden Tuzon Resource in Q1 2012.

Regional Work

· Multiple trench and soil programmes on-going across other licence areas including Sackor in the Joe Village licence.

Sackor is west along strike of Dugbe F and it has four main gold anomalies in soils.  Ten trenches are currently being dug and the Company is awaiting full assay results back from them.  Arsenic of a similar magnitude to both Dugbe F and Tuzon is being found along these trenches taken from handheld XRF machines at site.  This is a further example of target generation to increase the resource through future drill programmes around the Dugbe F Project in 2012.

Follow the links below for maps of Tuzon drill holes and Sackor trench locations

http://www.rns-pdf.londonstockexchange.com/rns/6958S_2-2011-11-24.pdf

http://www.rns-pdf.londonstockexchange.com/rns/6958S_1-2011-11-24.pdf

Daniel Betts, CEO, commented today:

"These new results at Tuzon give us increased confidence that the Tuzon deposit will have significant scale in its own right, with what looks to be better grade and width of mineralised zones than has been found to date at Dugbe F.  This is highly encouraging, given our anticipation that both deposits are within a mineable radius of each other and many more areas within this radius are yet to be fully explored.  These recent results therefore have significant positive implications for the economics of such a gold mine.  We are excited about the potential for producing a resource calculation at Tuzon in Q1 2012."

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]

Yellow Jersey PR Limited

Dominic Barretto

[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 most advanced gold exploration has taken place in the Dugbe and Joe Village licences, with a recently upgraded gold resource at the Dugbe F Project of 43.01 million tonnes at 1.28 g/t Au to give 1,765,000 ounces of gold using a lower cut-off grade of 0.5 g/t Au and no upper cut-off grade (Indicated Resource of 1,373,000 ounces of gold at 1.29 g/t Au and an Inferred Resource of 392,000 ounces of gold at 1.23 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.

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.

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

Appendix

Assay Results

All holes were drilled at a 60-degree inclination to intercept mineralised zones at approximately right angles.  Reported intercepts therefore approximate true intervals.

Calculated at 0.5 g/t Au cut-off, no upper cut-off
Hole ID	From	To	Interval (m)	Grade g/t Au
TDC001			9.34	0.61	Aggregated
	0.61	6.00	5.39	0.60
	9.08	10.00	0.92	0.88
	20.00	21.00	1.00	0.52
	43.00	44.03	1.03	0.58
	45.00	46.00	1.00	0.54
TDC002			31.03	1.33	Aggregated
	3.10	11.00	7.90	1.03
	12.00	14.00	2.00	2.05
	25.00	26.00	1.00	0.58
	32.00	36.35	4.35	2.61
	36.86	39.95	3.09	1.63
	41.00	41.96	0.96	0.86
	51.05	60.00	8.95	1.00
	61.00	62.78	1.78	1.01
	99.00	100.00	1.00	0.58
TDC003			56.17	1.38	Aggregated
	100.00	101.00	1.00	0.88
	102.00	110.52	8.52	1.89
	113.00	135.00	22.00	1.31
	136.00	138.00	2.00	0.68
	145.00	148.00	3.18	1.95
	149.07	155.82	6.75	1.44
	168.84	171.04	2.20	1.09
	172.79	183.31	10.52	1.16
TDC004			no significant results		Aggregated
TDC005			44.88	1.49
	41.00	42.00	1.00	0.87
	44.00	55.00	11.00	1.27
	57.00	58.00	1.00	2.46
	78.20	79.10	0.90	0.58
	80.10	110.08	29.98	1.56
	157.00	158.00	1.00	2.37
TDC006			1.91	1.12	Aggregated
	50.03	51.00	0.97	1.45
	63.00	63.94	0.94	0.77
TDC007			52.77	1.42	Aggregated
	105.60	106.68	1.08	0.78
	109.81	110.83	1.02	0.60
	117.00	118.00	1.00	1.44
	119.04	120.00	0.96	0.50
	121.00	122.06	1.06	0.52
	123.11	124.00	0.89	1.36
	128.74	131.83	3.09	1.17
	134.00	139.50	5.50	1.82
	141.94	148.98	7.04	1.49
	151.07	163.04	11.97	1.79
	218.00	219.00	1.00	0.51
	219.92	233.00	13.08	1.55
	233.67	235.50	1.83	0.70
	237.75	241.00	3.25	0.64
	270.22	273.00	2.78	0.83
	275.00	277.00	2.00	0.77
	279.23	280.07	0.84	0.77
	283.84	284.46	0.62	1.20
	316.00	321.05	5.05	1.60
TDC008			85.96	1.48	Aggregated
	66.55	69.46	2.91	2.03
	73.50	74.32	0.82	1.27
	81.00	81.75	0.75	1.09
	82.40	83.10	0.70	0.94
	133.00	134.10	1.10	0.60
	135.00	142.00	7.00	1.86
	149.00	150.00	1.00	0.71
	158.10	158.95	0.85	2.21
	167.64	168.53	0.89	0.52
	169.49	183.48	13.99	1.74
	186.37	192.71	6.34	2.01
	196.71	199.61	2.90	1.12
	204.62	207.67	3.05	0.83
	208.64	212.50	3.92	0.73
	213.56	218.75	5.19	1.95
	222.46	225.71	3.25	0.84
	227.65	243.25	15.60	1.34
	244.35	250.50	6.15	1.10
	254.45	256.44	1.99	0.61
	292.00	293.00	1.00	0.51
	294.04	296.90	2.86	1.43
	297.50	299.40	1.90	1.04
	301.44	302.24	1.80	4.27
TDC009			no significant results
TDC010			4.00	1.25	Aggregated
	28.00	32.00	4.00	1.25
TDC011			8.54	1.23	Aggregated
	0.00	0.74	0.74	0.51
	2.30	5.10	2.80	0.88
	6.80	10.80	4.00	1.50
	20.00	21.00	1.00	1.70
TDC012			75.43	1.97	Aggregated
	23.00	24.00	1.00	0.98
	28.00	31.00	3.00	1.28
	37.00	38.10	1.10	0.52
	39.00	55.10	16.10	1.76
	75.00	93.50	18.50	2.47
	95.10	117.17	22.07	2.47
	167.37	168.49	1.12	1.11
	176.00	177.00	1.00	0.50
	178.00	180.90	2.90	0.85
	186.10	187.10	1.00	0.64
	189.56	194.10	4.54	1.36
	196.10	197.00	0.90	1.03
	199.70	201.80	2.20	1.10
TDC013			13.11	1.32	Aggregated
	60.00	61.00	1.00	0.64
	70.00	71.10	1.10	0.50
	84.00	85.24	1.24	0.97
	91.25	95.00	3.75	1.62
	100.00	103.83	3.83	1.75
	104.81	106.00	1.19	1.19
	149.00	150.00	1.00	0.76
TDC014			no significant values
TDC015			assays pending
TDC016			125.44	2.41	Aggregated
	0.00	22.48	22.48	1.84
	23.30	32.00	8.70	1.37
	33.10	34.00	0.90	0.65
	35.00	37.00	2.00	0.63
	44.15	45.00	0.85	0.50
	46.00	48.00	2.00	0.55
	49.00	51.00	2.00	0.73
	52.03	53.00	0.97	0.76
	54.00	65.15	11.15	1.87
	66.08	68.00	1.92	0.89
	69.08	71.66	2.58	1.02
	82.02	83.00	0.98	0.65
	84.00	85.00	1.00	0.63
	97.00	98.00	1.00	0.89
	99.00	103.00	4.00	0.95
	104.75	115.00	10.25	9.26
	116.00	117.19	1.19	0.97
	118.18	119.10	0.92	1.48
	120.03	120.95	0.92	0.86
	134.00	137.00	3.00	1.75
	142.00	143.68	1.68	1.73
	144.91	151.00	6.09	6.56
	152.00	153.00	1.00	0.58
	154.00	155.00	1.00	1.30
	158.00	161.08	3.08	0.69
	162.08	164.00	1.92	0.99
	191.06	192.12	1.06	1.43
	193.00	197.08	4.08	0.77
	213.00	214.05	1.05	0.53
	215.00	226.00	11.00	1.58
	228.03	242.70	14.67	2.54

Drill Collar Data

Hole ID	Proposed Hole ID	EUTM Survey	NUTM Survey	RL Survey	Local E	Local N	DIP	AZ	EOH	Start Date	End Date
TDC001	TPH001	554794.784	562677.495	121.400	-1427	800	-60	295	150.1	17/08/2011	19/08/2011
TDC002	TPH002	554941.819	562611.479	114.391	-1266	800	-60	295	122	20/08/2011	22/08/2011
TDC003	TPH003	555072.135	562533.487	111.472	-1116	800	-60	295	188.1	23/08/2011	26/08/2011
TDC004	TPH004	555229.202	562482.883	113.569	-951	800	-60	295	260	26/08/2011	02/09/2011
TDC005	TPH022	554875.144	562473.915	131.843	-1268	640	-60	295	233.1	26/08/2011	30/08/2011
TDC006	TPH021	554732.597	562531.638	113.864	-1422	640	-60	295	92.1	01/09/2011	03/09/2011
TDC007	TPH006	555153.806	562685.833	116.660	-1112	640	-60	295	326	02/09/2011	11/09/2011
TDC008	TPH023	555014.632	562402.073	106.651	-1106	960	-60	295	312.1	05/09/2011	12/09/2011
TDC009	TPH007	555304.535	562634.661	125.089	-948	960	-60	295	341	12/09/2011	26/09/2011
TDC010	TPH005	555007.990	562766.793	110.473	-1272	960	-60	295	146.1	13/09/2011	15/09/2011
TDC011	TPH008	555077.486	562907.817	134.258	-1269	1120	-60	295	77	16/09/2011	17/09/2011
TDC012	TPH009	555208.404	562836.733	120.122	-1120	1120	-60	295	210.5	19/09/2011	23/09/2011
TDC013	TPH010	555352.705	562735.914	121.724	-948	1120	-60	295	230.1	23/09/2011	08/10/2011
TDC014	TPH012	555147.981	563039.918	127.348	-1261	1280	-60	295	104.6	26/09/2011	30/09/2011
TDC015	TPH013	555294.190	562981.236	120.084	-1104	1280	-60	295	251.4	30/09/2011	05/10/2011
TDC016	TPH016	555354.861	563126.926	117.807	-1110	1440	-60	295	242.7	05/10/2011	11/10/2011

This information is provided by RNS

The company news service from the London Stock Exchange

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