New Tuzon anomaly returns excellent intersections

RNS Number : 1710Q

Hummingbird Resources PLC

14 October 2011

 

Hummingbird Resources plc

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

New Tuzon anomaly returns excellent intersections

Hummingbird is pleased to announce the initial drill results from the Tuzon target area, just 3km east of the 1.8 million ounce (1.4m Indicated and 0.4m Inferred) Dugbe F NI43-101 compliant resource, along the Dugbe Shear Zone. The results of the first three holes from the project's current 48 hole drill program have returned the Company's best gold intersections to date.  All three drill results are set out in the table below.

Highlights:

·     56m (aggregated)  @ 1.4 g/t Au in hole TDC003 (Hole 3)

·     Gold intersected from surface

·     Wide arsenic zones (up to 140m) identified in a number of holes

Daniel Betts, CEO, commented today:

"Hole 3 on the Tuzon drill programme is by far the Company's most significant result to date. Not only is the width of the ore zone of far greater scale to anything returned at Dugbe F, but these are the first results from a different anomaly.  This gives further proof to the Company's theory of multiple ore deposits within a mineable radius of Dugbe F.

Tuzon lies 3km from Dugbe F and a deposit here will form part of the same mine development. We are currently drilling hole 18 of a planned 48 hole drill program at Tuzon and expect to complete this program during Q4 2011. The geological model is consistent with that of Dugbe F, including the high correlation between arsenic and gold.  As a result of this we have a high level of confidence, based on arsenic readings from our hand-held XRF machine, for the 17 holes drilled to date, that Tuzon's 1.7km surface expression will translate into further positive drill results and move the Company towards its target of discovering a world class gold province."

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

Calculated at 0.5 g/t Au cut-off
Hole ID	From		To	Interval (m)		Grade (g/t Au)		Lower Cut (g/t Au)
TDC001	0.61		6.00	5.39		0.60		0.50
	9.08		10.00	0.92		0.88		0.88
	20.00		21.00	1.00		0.52		0.52
	43.00		44.03	1.03		0.58		0.58
	45.00		46.00	1.00		0.54		0.54
TDC002	3.10		11.00	7.90		1.03		0.57
	12.00		14.00	2.00		2.05		0.82
	25.00		26.00	1.00		0.58		0.58
	32.00		36.35	4.35		2.61		1.43
	36.86		39.95	3.09		1.63		0.87
	41.00		41.96	0.96		0.86		0.86
	51.05		60.00	8.95		1.00		0.69
	61.00		62.78	1.78		1.01		0.93
	99.00		100.00	1.00		0.58		0.58
TDC003	100.00		101.00	1.00		0.88		0.88
	102.00		110.52	8.52		1.89		1.05
	113.00		135.00	22.00		1.31		0.58
	136.00		138.00	2.00		0.68		0.67
	145.00		148.00	3.18		1.95		0.82
	149.07		155.82	6.75		1.44		0.92
	168.84		171.04	2.20		1.09		0.98
	172.79		183.31	10.52		1.16		0.51
Drill Collar information
EUTM Survey		NUTM Survey		RL Survey	DIP		AZ	EOH (m)
554797(TDC001)		562682		121	-60		295	150.10
554942(TDC002)		562616		110	-60		295	122.00
555088(TDC003)		562547		109	-60		295	188.10

 

END

 

 

MSCBXLLFFBFXFBZ