Pasofino Exploration Update - Dugbe

Hummingbird Resources PLC

02 October 2024

 

Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining

02 October 2024

Hummingbird Resources plc

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

Pasofino announces results of maiden drilling maiden diamond core drilling at the Bukon Jedeh

Hummingbird Resources Plc ("Hummingbird" or the "Company") (AIM: HUM) is pleased to note the recent announcement from Pasofino Gold Limited ("Pasofino") surrounding the results of their maiden diamond core drilling programme at the Bukon Jedeh 'gold camp' ("Bukon"), which has intersected significant gold mineralisation zones within the Dugbe Gold Project in Liberia. Hummingbird holds a 53% interest in Pasofino.

Highlights from Pasofino's Maiden Drilling Programme

·      8 of the 11 holes that reached their target depth intercepted gold mineralised intervals, including:

o  BKDD001: 21.3m with an average grade of 0.9 g/t Au from 53.5m downhole

o  BKDD004: 4.0m with an average grade of 2.1 g/t Au from 46.5m downhole

o  BKDD011: 2.5m with an average grade of 2.2 g/t Au from 43.5m downhole

·      BKDD001, the westernmost drill hole on the main trend, indicates a potential 'build-up' of mineralisation towards an interpreted fold closure, a structural feature similar to that controlling the nearby 2.3 Moz Tuzon deposit. Future drilling will aim to test down-dip and along trend from BKDD001, and

·      Additional exploration is planned for the DSZ target, situated 4 km along strike from the Tuzon deposit, where a 2021 channel cut into bedrock returned 36m at an average grade of 0.6 g/t Au, though it remains untested by drilling.

Further details can be found in the announcement by Pasofino via the following link - www.pasofinogold.com

Qualified Persons Statement

Scientific or technical information in this disclosure that relates to exploration results was prepared and approved by Mr. Andrew Pedley. Mr. Pedley is a consultant of Pasofino Gold Ltd.'s wholly-owned subsidiary ARX Resources Limited. He is a member in good standing with the South African Council for Natural Scientific Professions and is as a Qualified Person under National Instrument 43-101. 

**ENDS**

Notes to Editors:

Hummingbird Resources plc (AIM: HUM) is a leading multi-asset, multi-jurisdiction gold producing Company, member of the World Gold Council and founding member of Single Mine Origin (www.singlemineorigin.com). The Company currently has two core gold projects, the operational Yanfolila Gold Mine in Mali, and the Kouroussa Gold Mine in Guinea, which will more than double current gold production once at commercial production. Further, the Company has a controlling interest in the Dugbe Gold Project in Liberia that is being developed by joint venture partners, Pasofino Gold Limited. The final feasibility results on Dugbe showcase 2.76Moz in Reserves and strong economics such as a 3.5-year capex payback period once in production, and a 14-year life of mine at a low AISC profile. Our vision is to continue to grow our asset base, producing profitable ounces, while central to all we do being our Environmental, Social & Governance ("ESG") policies and practices.

For further information, please visit hummingbirdresources.co.uk or contact:

Daniel Betts, CEO Thomas Hill, FD Edward Montgomery, CD	Hummingbird Resources plc	Tel: [phone]
James Spinney Ritchie Balmer	Strand Hanson Limited Nominated Adviser	Tel: [phone]
James Asensio Charlie Hammond	Canaccord Genuity Limited Broker	Tel: [phone]
Bobby Morse Oonagh Reidy George Pope	Buchanan Financial PR/IR	Tel:  [phone] Email: [e-mail]

 

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