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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Hummingbird Resources Plc | LSE:HUM | London | Ordinary Share | GB00B60BWY28 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.25 | -3.57% | 6.75 | 6.50 | 7.00 | 7.10 | 6.75 | 7.00 | 486,628 | 16:29:01 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Gold Ores | 150.52M | -34.28M | -0.0569 | -1.19 | 40.63M |
TIDMHUM
RNS Number : 3186K
Hummingbird Resources PLC
13 December 2018
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining
Hummingbird Resources plc
("Hummingbird" or the "Company")
Exploration Results Update
Hummingbird Resources (AIM:HUM), the African gold producer, is pleased to announce its second set of drill results from the 2018 exploration campaign in Mali, the focus of which is to convert Resources to Reserves and, in time, to extend the life of mine from the Company's Yanfolila Gold Mine.
Drilling has been ongoing since it began in July and has now focused on the Resource definition at Gonka, with some further follow up drilling at Komana West. This second batch of results delivers further positive results from those announced in September and shows the high-grade potential at Gonka owing to the significant numbers of wide and high-grade drill intercepts encountered to date. The additional drilling at Komana West has been useful to the mining operations, since the newly drilled zones have been found outside the Resource model and positive results have been found inside the current pit shell, increasing the amount of mineable ore available.
Drilling Highlights:
Best Intersections
Gonka ('GK') Deposit
-- 15m @ 16.03g/t from 207m depth (GKRCD0013) -- 20.05m @ 4.63g/t from 118m depth (GKDD0020) -- 11m @ 4.11g/t from 79m depth (GKRCD0044) -- 14m @ 3.88g/t from 178m depth (GKRCD0002) -- 13.6m @ 2.56g/t from 34m depth (GKDD0011)
Komana West ('KW') Deposit
-- 15m @ 4.25 g/t from 8m depth (KWDD0609)
Komana West South Extension
-- 12m @ 1.90 g/t from 90m depth (KWRC0419)
Murray Paterson, Chief Geologist for Hummingbird, commented:
"Following analysis of recent exploration results, Hummingbird is confident that it is now on target to achieve our operational objective, which is to increase the mine life at Yanfolila. In light of these results, the exploration team on site is now working diligently to build a mineable Resource that will aim to add more open pit and underground ore extending the current mine life.
So far, drilling has remained quite shallow, focussing on infilling the open pit Resources. Our attentions now switch to drilling out the underground Resources at Gonka, which is very exciting since this is where the highest grades and wider intervals have been drilled by Gold Fields Ltd."
Please click on the following link to see a long section of the Gonka deposit and a map of the deposit locations within the mining permit.
http://www.rns-pdf.londonstockexchange.com/rns/3186K_1-2018-12-12.pdf
Further information:
2018 Exploration Results
As at the end of November the total metres drilled to date is 23,697m. A breakdown of the numbers is as follows;
Gonka (metres)
-- Reverse Circulation ('RC'): 6,206 -- Diamond Drill Hole ('DDH'): 9,908 -- Total : 16,114
Komana West (metres)
-- RC: 3,091 -- DDH: 2,536 -- Total : 5,627
Guirin West (metres)
-- RC: 1,956
Initially, around 50,000m of drilling was planned this year. Through the year the drilling schedule has become more targeted and has been adapted to fit with the updated LoM plan.
All currently planned exploration drilling is expected to be completed by year end 2018 allowing the mineral resource model and mine planning to commence. It is expected that by the end of the first quarter 2019 a new mineral Resource and Reserve update will be released by the company.
Komana West ('KW') Pit
The 2018 drilling programme at KW has been completed. Following the first round of results, another near-surface mineralised zone has been identified immediately west of the main North-South grade domain within the current pit. This new in-pit zone is in addition to the high-grade zones reported previously. These zones will add immediately to the mineable oxide ounces in the Reserve as they will be grade controlled drilled once mining reaches the relevant pit floor elevations over the next 6 months. The targeted diamond drilling that has been carried out has also allowed the structural model for the deposit to be refined, which has been a benefit to further exploration but also the grade control and Resource modelling.
Komana West - Southern Extension
RC drilling to test for the southern extension of mineralisation identified a broad zone of 12m @ 1.9g/t (open at depth below) in hole KWRC0419. The intersection is located 650m south of the boundary of the planned pit. Further follow up drilling will be planned next year to test for mineralised extensions along strike and down dip.
A total of 2,536m of Diamond Drilling and 3,091 metres of RC has been drilled at Komana West and its northern and southern extensions. There remain a few RC assays still outstanding. See table below for a complete set of results.
Gonka
Drilling at Gonka has identified a series of broad mineralised zones with intermittent, narrow high-grade zones, with both related to north plunging, open fold hinge zones proximal to a basalt-metasediment contact. These zones form a series of well-defined linear ore shoots which are proving to be predictable in nature. The predictability of the ore shoots is allowing for drilling to continue to define extensions to the shoots outside of the $1,100/oz pit shell used in the DRA's 2016 open pit and underground scoping study.
Mineralisation is typically defined by a fine, dark alteration of the basalt, with fine pyrite or narrow zones of coarse cubic pyrite +/- quartz veins and/or brecciated quartz-carbonate +/- tourmaline vein zones of various widths. Photos of these high-grade zones will be uploaded and sent out on Twitter shortly after the release of this announcement. The mineralised intersections have been identified at depths as shallow as 34m. However, very little surface expression of the ore body exists, which has limited the number of orpailleurs (artisanal miners) active at Gonka.
The geological and structural model has been under constant revision and has been used to assist with planning and following down plunge extensions to the main high-grade zones. The exploration team's primary drilling focus for this year has been to convert the previously defined Inferred Resources to Indicated. Once this is complete, the team's attention can move to the numerous other significant intercepts that have the potential to define new zones in the Gonka mineral resource model.
Gold Fields Ltd ("Gold Fields") had previously drilled +47,000m of drilling at Gonka defining over +300kozs in Inferred resources (DRA 2016 study indicated that there was some 92kozs @ 2.33g/t within the open pit and 77kozs @ 4.47g/t underground at $1,100/oz gold price). Drilling by Gold Fields identified mineralisation and resources along a >2km zone, making up the Gonka trend. The current drilling program has focused on an 800m long portion at the northern end of the Gonka trend. Some of Gold Fields' notable drill intersections were;
7m @ 7.65 g/t from 92m depth (KRC0578)
6m @ 9.18 g/t from 102m depth (KRC0578)
15m @ 7.51 g/t from 59m depth (KRC0806)
20m @ 4.19 g/t from 56m depth (KRCD0058)
7.2m @ 7.05 g/t from 139m depth (KRCD0233)
5.2m @ 9.42 g/t from 174.4m depth (KRCD0575)
4.85m @ 11.46 g/t from 109.55m (KRCD0587)
5.3m @ 18.80 g/t from 249m (KRCD0730)
3.5m @ 23.13 g/t from 162.6m (KRCD0756)
1.3m @ 39.71 g/t from 220.4m (KRCD0808)
To date a total of 9,908m (budget of 12,000m) of DD and 6,206 metres (budget of 10,000m) of RC pre-collars have been completed at Gonka. The current exploration drill programme will be finished by year end, and work has already begun to ensure the updated Resource and Reserve models are finalised by Q1 2019.
The Gonka deposit is situated just 5km from the process plant, making it suitable to be included in the current mine plan. The deposit is fully permitted and within the mining license, which will allow mining to start immediately, once the Resource modelling and mine planning is completed, expected by the end of first quarter 2019.
Guirin West
Mineral Resource modelling of the Guirin West infill RC drilling (1,956m) was completed by CSA Global - UK. The total mineral resource defined from this drilling was 64kt @ 2.26g/t for 4.6kozs (at a cut-off of 0.8g/t). All the material is oxide and is contained with a single grade domain. Only the southern-most zone within the 6 mineralised zones that make up Guirin West was able to be drilled at the time due to the extreme wet season. The remaining zones are being planned to be drilled in 2019.
Komana East Underground
No further drilling is being planned for 2018 at Komana East underground. Mining planning work is being scheduled to commence by CSA Global - Perth in February 2019 to prepare an underground mine design and schedule on the existing Indicated resources beneath the pit. This work is scheduled for completion by the end of quarter one 2019.
Sanioumale East and West "SE & SW"
The planned 2018 resource infill and fresh rock extensional drilling at Sanioumale East and West have been postponed until 2019. Mine planning work by CSA Global are running mine planning scenarios on the existing Indicated resources (oxide and transitional only) at SE & SW. With the planned second ball mill expansion ready by Q3 2019, the oxide / transitional resources of 200kozs at SE & SW will be blended with the hard rock resources from Gonka.
Komana West
Full drill results - 1m cut-off grade 0.5g/t
Depth From Depth Interval Grade Hole_ID (m) To (m) (m) (g/t) Intercept Description KWDD0600 139 146 7 1.88 7m @ 1.88 g/t ----------- -------- --------- ------- ---------------------- 1.2m @ 0.80 KWDD0601 109 110.2 1.2 0.8 g/t ----------- -------- --------- ------- ---------------------- KWDD0601 118 119 1 3.23 1m @ 3.23 g/t ----------- -------- --------- ------- ---------------------- KWDD0601 133 134 1 0.8 1m @ 0.80 g/t ----------- -------- --------- ------- ---------------------- KWDD0601 143 144 1 2.25 1m @ 2.25 g/t ----------- -------- --------- ------- ---------------------- KWDD0601 159 160 1 0.58 1m @ 0.58 g/t ----------- -------- --------- ------- ---------------------- KWDD0601 164 165 1 3.04 1m @ 3.04 g/t ----------- -------- --------- ------- ---------------------- KWDD0602 119 120 1 22.9 1m @ 22.90 g/t ----------- -------- --------- ------- ---------------------- 8.05m @ 4.98 KWDD0603 72.4 80.45 8.05 4.98 g/t ----------- -------- --------- ------- ---------------------- 7.1m @ 6.25 KWDD0603 84.9 92 7.1 6.25 g/t ----------- -------- --------- ------- ---------------------- 1.9m @ 24.87 KWDD0603 96.1 98 1.9 24.87 g/t ----------- -------- --------- ------- ---------------------- 1.45m @ 0.57 KWDD0603 105.55 107 1.45 0.57 g/t ----------- -------- --------- ------- ---------------------- 24.75m @ 3.06 KWDD0603 118 142.75 24.75 3.06 g/t ----------- -------- --------- ------- ---------------------- KWDD0603 173 174 1 3.83 1m @ 3.83 g/t ----------- -------- --------- ------- ---------------------- KWDD0604 64 66 2 0.58 2m @ 0.58 g/t ----------- -------- --------- ------- ---------------------- 13.5m @ 5.33 KWDD0604 69 82.5 13.5 5.33 g/t ----------- -------- --------- ------- ---------------------- 2.5m @ 3.47 KWDD0604A 62.5 65 2.5 3.47 g/t ----------- -------- --------- ------- ---------------------- KWDD0604A 69.7 79.7 10 9.9 10m @ 9.90 g/t ----------- -------- --------- ------- ---------------------- KWDD0605 102 103 1 0.73 1m @ 0.73 g/t ----------- -------- --------- ------- ---------------------- KWDD0605 134 136 2 5.12 2m @ 5.12 g/t ----------- -------- --------- ------- ---------------------- KWDD0605 139 145 6 2.17 6m @ 2.17 g/t ----------- -------- --------- ------- ---------------------- KWDD0605 154 157 3 0.96 3m @ 0.96 g/t ----------- -------- --------- ------- ---------------------- KWDD0606 115 116 1 0.63 1m @ 0.63 g/t ----------- -------- --------- ------- ---------------------- KWDD0607 121 123 2 2.71 2m @ 2.71 g/t ----------- -------- --------- ------- ---------------------- KWDD0607 127 128 1 0.81 1m @ 0.81 g/t ----------- -------- --------- ------- ---------------------- 11.8m @ 1.12 KWDD0608 43 54.8 11.8 1.12 g/t ----------- -------- --------- ------- ---------------------- KWDD0608 61 62 1 10 1m @ 10.00 g/t ----------- -------- --------- ------- ---------------------- KWDD0608 80 81 1 0.53 1m @ 0.53 g/t ----------- -------- --------- ------- ---------------------- 1.7m @ 0.92 KWDD0608 86.3 88 1.7 0.92 g/t ----------- -------- --------- ------- ---------------------- 1.7m @ 1.15 KWDD0608 93 94.7 1.7 1.15 g/t ----------- -------- --------- ------- ---------------------- KWDD0608 98 99 1 0.62 1m @ 0.62 g/t ----------- -------- --------- ------- ---------------------- 1.8m @ 10.11 KWDD0608 125 126.8 1.8 10.11 g/t ----------- -------- --------- ------- ---------------------- KWDD0608 142 143 1 0.85 1m @ 0.85 g/t ----------- -------- --------- ------- ---------------------- KWDD0609 8 23 15 4.25 15m @ 4.25 g/t ----------- -------- --------- ------- ---------------------- KWDD0609 78 79 1 0.59 1m @ 0.59 g/t ----------- -------- --------- ------- ---------------------- 1.02m @ 0.80 KWDD0609 92.43 93.45 1.02 0.8 g/t ----------- -------- --------- ------- ---------------------- KWDD0609 150 152 2 0.87 2m @ 0.87 g/t ----------- -------- --------- ------- ---------------------- KWDD0609 164 165 1 0.54 1m @ 0.54 g/t ----------- -------- --------- ------- ---------------------- KWDD0612 112 113 1 0.81 1m @ 0.81 g/t ----------- -------- --------- ------- ---------------------- 1.7m @ 5.96 KWDD0613 85.3 87 1.7 5.96 g/t ----------- -------- --------- ------- ---------------------- KWDD0613 97 98 1 14.3 1m @ 14.30 g/t ----------- -------- --------- ------- ---------------------- 1.75m @ 2.21 KWDD0613 121.25 123 1.75 2.21 g/t ----------- -------- --------- ------- ---------------------- KWDD0614 104 105 1 1.06 1m @ 1.06 g/t ----------- -------- --------- ------- ---------------------- 3.6m @ 4.95 KWDD0614 114.4 118 3.6 4.95 g/t ----------- -------- --------- ------- ---------------------- KWDD0614 126 134 8 1.99 8m @ 1.99 g/t ----------- -------- --------- ------- ---------------------- 2.05m @ 7.33 KWDD0614 137.05 139.1 2.05 7.33 g/t ----------- -------- --------- ------- ---------------------- KWRC0400 13 14 1 2.7 1m @ 2.70 g/t ----------- -------- --------- ------- ---------------------- KWRC0406 36 39 3 1.34 3m @ 1.34 g/t ----------- -------- --------- ------- ---------------------- KWRC0408 110 112 2 2.45 2m @ 2.45 g/t ----------- -------- --------- ------- ---------------------- KWRC0408 114 115 1 0.6 1m @ 0.60 g/t ----------- -------- --------- ------- ---------------------- KWRC0417 0 1 1 16.8 1m @ 16.80 g/t ----------- -------- --------- ------- ---------------------- KWRC0419 90 102 12 1.9 12m @ 1.90 g/t ----------- -------- --------- ------- ---------------------- KWRCD0003 11 12 1 0.54 1m @ 0.54 g/t ----------- -------- --------- ------- ---------------------- KWRCD0003 28 29 1 12.8 1m @ 12.80 g/t ----------- -------- --------- ------- ---------------------- KWRCD0003 48 49 1 8.4 1m @ 8.40 g/t ----------- -------- --------- ------- ---------------------- KWRCD0003 59 60 1 1.47 1m @ 1.47 g/t ----------- -------- --------- ------- ---------------------- KWRCD0003 71 72 1 1.1 1m @ 1.10 g/t ----------- -------- --------- ------- ---------------------- 1.5m @ 0.75 KWRCD0003 91.25 92.75 1.5 0.75 g/t ----------- -------- --------- ------- ---------------------- KWRCD0003 195 196 1 0.83 1m @ 0.83 g/t
----------- -------- --------- ------- ---------------------- KWRCD0004 47 48 1 0.56 1m @ 0.56 g/t ----------- -------- --------- ------- ---------------------- KWRCD0004 77 80 3 3.26 3m @ 3.26 g/t ----------- -------- --------- ------- ---------------------- 1.4m @ 20.46 KWRCD0004 94.5 95.9 1.4 20.46 g/t ----------- -------- --------- ------- ---------------------- KWRCD0004 104.4 105.4 1 2.4 1m @ 2.40 g/t ----------- -------- --------- ------- ---------------------- KWRCD0004 121 123 2 0.8 2m @ 0.80 g/t ----------- -------- --------- ------- ---------------------- KWRCD0004 133 134 1 29.7 1m @ 29.70 g/t ----------- -------- --------- ------- ----------------------
Gonka
Full drill results - 1m cut-off grade 0.5g/t
Depth From Depth Interval Grade Hole_ID (m) To (m) Width (m) (g/t) Intercept Description GKDD0001 132 134 2 2.12 2m @ 2.12 g/t ----------- -------- ----------- ------- ---------------------- GKDD0001 153 155 2 3.72 2m @ 3.72 g/t ----------- -------- ----------- ------- ---------------------- GKDD0001 167 168 1 1.77 1m @ 1.77 g/t ----------- -------- ----------- ------- ---------------------- GKDD0002 80 82 2 4.34 2m @ 4.34 g/t ----------- -------- ----------- ------- ---------------------- GKDD0002 88 89 1 2.54 1m @ 2.54 g/t ----------- -------- ----------- ------- ---------------------- GKDD0002 108 111 3 5.5 3m @ 5.50 g/t ----------- -------- ----------- ------- ---------------------- GKDD0002 157 158 1 0.5 1m @ 0.50 g/t ----------- -------- ----------- ------- ---------------------- 2.05m @ 1.11 GKDD0003 78.4 80.45 2.05 1.11 g/t ----------- -------- ----------- ------- ---------------------- GKDD0004 39 41 2 1.77 2m @ 1.77 g/t ----------- -------- ----------- ------- ---------------------- GKDD0004 60 61 1 0.9 1m @ 0.90 g/t ----------- -------- ----------- ------- ---------------------- 1.25m @ 0.60 GKDD0006 90 91.25 1.25 0.6 g/t ----------- -------- ----------- ------- ---------------------- GKDD0007 134 136 2 8.18 2m @ 8.18 g/t ----------- -------- ----------- ------- ---------------------- GKDD0007 158 161 3 1.84 3m @ 1.84 g/t ----------- -------- ----------- ------- ---------------------- GKDD0007 187 193 6 4.41 6m @ 4.41 g/t ----------- -------- ----------- ------- ---------------------- GKDD0007 199 200 1 0.5 1m @ 0.50 g/t ----------- -------- ----------- ------- ---------------------- GKDD0008 206 207 1 1.7 1m @ 1.70 g/t ----------- -------- ----------- ------- ---------------------- GKDD0009 109 110 1 2.97 1m @ 2.97 g/t ----------- -------- ----------- ------- ---------------------- GKDD0009 116 118 2 1.69 2m @ 1.69 g/t ----------- -------- ----------- ------- ---------------------- 1.95m @ 2.37 GKDD0009 177.2 179.15 1.95 2.37 g/t ----------- -------- ----------- ------- ---------------------- GKDD0010 85 89 4 2.78 4m @ 2.78 g/t ----------- -------- ----------- ------- ---------------------- GKDD0010 112 117 5 2.97 5m @ 2.97 g/t ----------- -------- ----------- ------- ---------------------- GKDD0010 120 121 1 0.66 1m @ 0.66 g/t ----------- -------- ----------- ------- ---------------------- 1.65m @ 0.67 GKDD0010 132.15 133.8 1.65 0.67 g/t ----------- -------- ----------- ------- ---------------------- 13.6m @ 2.56 GKDD0011 34 47.6 13.6 2.56 g/t ----------- -------- ----------- ------- ---------------------- GKDD0012 156 157 1 0.61 1m @ 0.61 g/t ----------- -------- ----------- ------- ---------------------- GKDD0012 160 164 4 0.98 4m @ 0.98 g/t ----------- -------- ----------- ------- ---------------------- GKDD0012 185 186 1 2.13 1m @ 2.13 g/t ----------- -------- ----------- ------- ---------------------- GKDD0012 198 200 2 0.54 2m @ 0.54 g/t ----------- -------- ----------- ------- ---------------------- 6.3m @ 2.88 GKDD0015 144.5 150.8 6.3 2.88 g/t ----------- -------- ----------- ------- ---------------------- GKDD0015 186.25 187.25 1 0.52 1m @ 0.52 g/t ----------- -------- ----------- ------- ---------------------- 1.2m @ 0.87 GKDD0017 116.2 117.4 1.2 0.87 g/t ----------- -------- ----------- ------- ---------------------- GKDD0017 141 144 3 1.19 3m @ 1.19 g/t ----------- -------- ----------- ------- ---------------------- GKDD0018 91 92 1 0.74 1m @ 0.74 g/t ----------- -------- ----------- ------- ---------------------- GKDD0018 170 171 1 0.68 1m @ 0.68 g/t ----------- -------- ----------- ------- ---------------------- 8.5m @ 1.36 GKDD0019 146 154.5 8.5 1.36 g/t ----------- -------- ----------- ------- ---------------------- GKDD0019 184 185 1 0.52 1m @ 0.52 g/t ----------- -------- ----------- ------- ---------------------- 6.4m @ 2.90 GKDD0020 90.6 97 6.4 2.9 g/t ----------- -------- ----------- ------- ---------------------- 3.6m @ 0.85 GKDD0020 111.2 114.8 3.6 0.85 g/t ----------- -------- ----------- ------- ---------------------- 7.75m @ 2.95 GKDD0020 118.35 126.1 7.75 2.95 g/t ----------- -------- ----------- ------- ---------------------- 3.1m @ 20.39 GKDD0020 128.9 132 3.1 20.39 g/t ----------- -------- ----------- ------- ---------------------- GKDD0021 177 179 2 0.98 2m @ 0.98 g/t ----------- -------- ----------- ------- ---------------------- GKDD0022 45 46 1 1.16 1m @ 1.16 g/t ----------- -------- ----------- ------- ---------------------- GKDD0022 56.05 57.05 1 1.5 1m @ 1.50 g/t ----------- -------- ----------- ------- ---------------------- GKDD0024 136 137 1 5.06 1m @ 5.06 g/t ----------- -------- ----------- ------- ---------------------- GKDD0024 146 147 1 30.8 1m @ 30.80 g/t ----------- -------- ----------- ------- ---------------------- GKDD0024 167 169 2 1.57 2m @ 1.57 g/t ----------- -------- ----------- ------- ---------------------- 1.56m @ 0.59 GKDD0025 147 148.56 1.56 0.59 g/t ----------- -------- ----------- ------- ---------------------- GKDD0027 68 70 2 1.24 2m @ 1.24 g/t ----------- -------- ----------- ------- ---------------------- GKDD0027 86 89 3 1.19 3m @ 1.19 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0002 169 171 2 1.61 2m @ 1.61 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0002 178 192 14 3.88 14m @ 3.88 g/t ----------- -------- ----------- ------- ----------------------
GKRCD0002 205 207 2 0.95 2m @ 0.95 g/t ----------- -------- ----------- ------- ---------------------- 1.2m @ 1.29 GKRCD0004 281 282.2 1.2 1.29 g/t ----------- -------- ----------- ------- ---------------------- 15m @ 16.03 GKRCD0013 207 222 15 16.03 g/t ----------- -------- ----------- ------- ---------------------- 2.5m @ 0.87 GKRCD0013 228 230.5 2.5 0.87 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0020 195 198 3 1.8 3m @ 1.80 g/t ----------- -------- ----------- ------- ---------------------- 1.1m @ 0.63 GKRCD0020 202 203.1 1.1 0.63 g/t ----------- -------- ----------- ------- ---------------------- 9.7m @ 2.15 GKRCD0020 206.3 216 9.7 2.15 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0020 219 220 1 1.97 1m @ 1.97 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0022 219 220 1 0.86 1m @ 0.86 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0023 158 159 1 5.5 1m @ 5.50 g/t ----------- -------- ----------- ------- ---------------------- 2.3m @ 6.55 GKRCD0023 162.7 165 2.3 6.55 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0023 187 191 4 0.51 4m @ 0.51 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0023 199 203 4 0.58 4m @ 0.58 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0023 210 212 2 1.56 2m @ 1.56 g/t ----------- -------- ----------- ------- ---------------------- 1.8m @ 1.06 GKRCD0023 229 230.8 1.8 1.06 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0033 49 55 6 2.29 6m @ 2.29 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0033 60 61 1 0.58 1m @ 0.58 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0033 70 71 1 1.19 1m @ 1.19 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0033 78 79 1 1.84 1m @ 1.84 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0035 74 75 1 0.99 1m @ 0.99 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0035 79 80 1 0.8 1m @ 0.80 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0035 87 88 1 0.55 1m @ 0.55 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0035 92 93 1 0.79 1m @ 0.79 g/t ----------- -------- ----------- ------- ---------------------- 19.55m @ 1.80 GKRCD0035 100 119.55 19.55 1.8 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0035 123 126 3 1.13 3m @ 1.13 g/t ----------- -------- ----------- ------- ---------------------- 2.3m @ 0.73 GKRCD0036 87.7 90 2.3 0.73 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0036 118 119 1 1.85 1m @ 1.85 g/t ----------- -------- ----------- ------- ---------------------- 8.26m @ 1.73 GKRCD0036 158.74 167 8.26 1.73 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0042B 121 122 1 2.13 1m @ 2.13 g/t ----------- -------- ----------- ------- ---------------------- 1.08m @ 1.16 GKRCD0042B 125 126.08 1.08 1.16 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0042B 160 161 1 0.6 1m @ 0.60 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0044 8 9 1 0.5 1m @ 0.50 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0044 34 38 4 3.2 4m @ 3.20 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0044 44 46 2 1.93 2m @ 1.93 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0044 62 65 3 2.35 3m @ 2.35 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0044 79 90 11 4.11 11m @ 4.11 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0056 48 55 7 1.29 7m @ 1.29 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0056 59 60 1 0.65 1m @ 0.65 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0057 11 14 3 0.86 3m @ 0.86 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0057 53 56 3 0.66 3m @ 0.66 g/t ----------- -------- ----------- ------- ---------------------- GKRCD0057 60 72 12 1.04 12m @ 1.04 g/t ----------- -------- ----------- ------- ----------------------
Qualified Person Review
Murray Paterson has reviewed the technical information contained within this announcement in his capacity as a Qualified Person, as required under the AIM Rules for Companies. Murray Paterson is the Chief Geologist for the Company and is a member of good standing with the Australasian Institute of Mining and Metallurgy (MAusIMM).
**ENDS**
For further information, please visit www.hummingbirdresources.co.uk or contact:
Daniel Betts, Hummingbird Resources plc Tel: +44 (0) 20 7409 CEO 6660 Thomas Hill, FD Robert Monro, IR James Spinney Strand Hanson Limited Tel: +44 (0) 20 7409 Ritchie Balmer 3494 James Bellman Nominated Adviser -------------------------- ---------------------- Martin Davison Canaccord Genuity Limited Tel: +44 (0) 20 7523 James Asensio Broker 8000 -------------------------- ---------------------- Gordon Poole Camarco Tel: +44 (0) 20 3 757 Owen Roberts 4980 James Crothers Financial PR/IR -------------------------- ----------------------
About Hummingbird Resources Plc
Notes to Editors
Hummingbird Resources (AIM: HUM) is a leading gold production, development and exploration company. The Company has two core gold projects, the Yanfolila Gold Mine in Mali and the Dugbe Gold Project in Liberia.
Yanfolila produced its first gold pour on time and budget in December 2017 and is expected to produce approximately 107,000oz gold/year on average over the Life of Mine. Yanfolila holds pre-production Probable Reserves of 709,800oz @ 3.14g/t, and total Resources of 1.8Moz of gold and an additional 390,700oz of non-compliant exploration potential.
The Dugbe Gold Project has Resources currently totalling 4.2Moz of gold and a completed NI 43-101 compliant PEA on the project showing a 29% IRR and US$186m NPV at a US$1,300 gold price.
In addition to Hummingbird's production and development assets, the Company also has an exploration footprint of 4,000km(2) and a 34% interest in AIM listed Cora Gold, which is advancing a portfolio of prospects in Mali and Senegal.
The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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