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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.10 | 15.71% | 8.10 | 8.00 | 8.50 | 8.25 | 7.25 | 7.25 | 1,941,226 | 16:35:05 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Gold Ores | 150.52M | -34.28M | -0.0569 | -1.45 | 49.66M |
From Apr 2019 to Apr 2024
TIDMHUM
RNS Number : 6754R
Hummingbird Resources PLC
04 March 2019
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining
Hummingbird Resources plc
("Hummingbird" or the "Company")
Update on Exploration Results
Hummingbird Resources (AIM:HUM) is pleased to announce its third set of drilling results from the recently completed exploration campaign at the Yanfolila Gold Mine in Mali, the main focus of which was to convert resources to reserves and, in time, extend the mine life.
The completed drilling programme largely focused around the resource definition at Gonka, with some further follow up drilling at Komana West. Hummingbird is pleased to report that the latest results demonstrate more high-grade potential and continued exploration potential at depth. Additionally, in December 2018, the Group announced a set of high-grade results, of which the stand-out intercept was 15 m @ 16.03 g/t.
Hummingbird is now focussed on integrating the positive results seen in its exploration programme into its mine plan. The Gonka deposit is situated just 5 km 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.
Drilling Highlights:
Gonka ('GK') Deposit
-- 18 m @ 9.39 g/t from 156 m depth (GKRCD0023B) -- 4.3 m @ 29.74 g/t from 250 m depth (GKRCD0050) -- 6.5 m @ 6.55 g/t from 37.8 m depth (GKDD0031) -- 3 m @ 12.89 g/t from 137 m depth (GKRCD0041B) -- 10 m @ 3.13 g/t from 58 m depth (GKRCD0045) -- 13.6 m @ 2.56 g/t from 34 m depth (GKDD00011)
Murray Paterson, Chief Geologist for Hummingbird, commented:
"Following the conclusion of the drilling programme at Gonka, we have moved to the resource modelling phase as we look to publish a new and updated mineral resource for Gonka and the open pitable reserves. After this is completed the Company plans to release a new life of mine plan at Yanfolila.
"Our exploration team is reviewing the Gonka drilling data and is planning ahead for the coming 2019 drilling programme, which will target the down dip extensions to Gonka to expand the resource and reserves. A thorough review of the database to identify new greenfield targets is also underway and this is expected to yield high priority targets to drill test outside the current seven deposits that have resources associated with them."
Further information:
2018 Exploration Results
On the completion of the 2018 drilling programme the total metres drilled was 28,349 m.
A breakdown of the numbers is as follows;
Hot Features
Premium
Deposit Drilling Metres
Gonka Reverse Circulation 6,836
--------------------- -------
Diamond Drill Hole 13,930
----------------------------------- -------
Komana West Reverse Circulation 3,091
--------------------- -------
Diamond Drill Hole 2,536
----------------------------------- -------
Guirin West Reverse Circulation 1,956
--------------------- -------
Total: 28,349
-------
Latest drill results - 1 m cut-off grade 0.5 g/t
Gonka
Depth From Depth To Interval
Hole_ID (m) (m) Element Width (m) Grade (g/t)
GKDD0008 155 156 Au_ppm 1 2.05
----------- --------- -------- ----------- ------------
GKDD0008 177 179 Au_ppm 2 1.74
----------- --------- -------- ----------- ------------
GKDD0009 109 110 Au_ppm 1 2.97
----------- --------- -------- ----------- ------------
GKDD0009 116 120 Au_ppm 4 1.49
----------- --------- -------- ----------- ------------
GKDD0010 82 89 Au_ppm 7 1.81
----------- --------- -------- ----------- ------------
GKDD0011 34 47.6 Au_ppm 13.6 2.56
----------- --------- -------- ----------- ------------
GKDD0011 59.4 61 Au_ppm 1.6 1.17
----------- --------- -------- ----------- ------------
GKDD0013 72 73 Au_ppm 1 1.47
----------- --------- -------- ----------- ------------
GKDD0014 35 36 Au_ppm 1 0.77
----------- --------- -------- ----------- ------------
GKDD0016 48.5 51.32 Au_ppm 2.82 0.49
----------- --------- -------- ----------- ------------
GKDD0016 81 82.1 Au_ppm 1.1 1.21
----------- --------- -------- ----------- ------------
GKDD0016 118 118.54 Au_ppm 0.54 50.1
----------- --------- -------- ----------- ------------
GKDD0016 128 129 Au_ppm 1 0.5
----------- --------- -------- ----------- ------------
GKDD0017 103 104 Au_ppm 1 0.52
----------- --------- -------- ----------- ------------
GKDD0017 116.2 117.4 Au_ppm 1.2 0.87
----------- --------- -------- ----------- ------------
GKDD0028 69.3 77.85 Au_ppm 8.55 7.06
----------- --------- -------- ----------- ------------
GKDD0028 84.45 86 Au_ppm 1.55 1.47
----------- --------- -------- ----------- ------------
GKDD0028 134 135 Au_ppm 1 3.79
----------- --------- -------- ----------- ------------
GKDD0029 93 94 Au_ppm 1.82 1
----------- --------- -------- ----------- ------------
GKDD0029 120 122 Au_ppm 3.07 2
----------- --------- -------- ----------- ------------
GKDD0030 227.7 231 Au_ppm 3.3 0.64
----------- --------- -------- ----------- ------------
GKDD0031 9 10 Au_ppm 1 0.62
----------- --------- -------- ----------- ------------
GKDD0031 22 23 Au_ppm 1 0.66
----------- --------- -------- ----------- ------------
GKDD0031 37.8 44.3 Au_ppm 6.5 6.55
----------- --------- -------- ----------- ------------
GKDD0031 97.6 99.4 Au_ppm 1.8 1.5
----------- --------- -------- ----------- ------------
GKRCD0001 167 168 Au_ppm 1 0.61
----------- --------- -------- ----------- ------------
GKRCD0001B 131 132 Au_ppm 1 1.35
----------- --------- -------- ----------- ------------
GKRCD0002 169 171 Au_ppm 2 1.61
----------- --------- -------- ----------- ------------
GKRCD0002B 209 210 Au_ppm 1 9.21
----------- --------- -------- ----------- ------------
GKRCD0002B 335 338 Au_ppm 3 1.23
----------- --------- -------- ----------- ------------
GKRCD0002B 348 350 Au_ppm 2 0.96
----------- --------- -------- ----------- ------------
GKRCD0003B 162 163 Au_ppm 1 6.26
----------- --------- -------- ----------- ------------
GKRCD0003B 182 183 Au_ppm 1 0.64
----------- --------- -------- ----------- ------------
GKRCD0006 159 160 Au_ppm 1 0.76
----------- --------- -------- ----------- ------------
GKRCD0007 109 110 Au_ppm 1 1.06
----------- --------- -------- ----------- ------------
GKRCD0007 123 132 Au_ppm 9 1.52
----------- --------- -------- ----------- ------------
GKRCD0008 76 77 Au_ppm 1 5.56
----------- --------- -------- ----------- ------------
GKRCD0012 57 58 Au_ppm 1 0.59
----------- --------- -------- ----------- ------------
GKRCD0012 70 72 Au_ppm 2 1.54
----------- --------- -------- ----------- ------------
GKRCD0012 135 136 Au_ppm 1 0.78
----------- --------- -------- ----------- ------------
GKRCD0012 152 153 Au_ppm 1 0.82
----------- --------- -------- ----------- ------------
GKRCD0013 25 26 Au_ppm 1 0.68
----------- --------- -------- ----------- ------------
GKRCD0014 319 324 Au_ppm 5 0.7
----------- --------- -------- ----------- ------------
GKRCD0015 122.3 123.63 Au_ppm 1.33 3.52
----------- --------- -------- ----------- ------------
GKRCD0015 184 187.15 Au_ppm 3.15 1.13
----------- --------- -------- ----------- ------------
GKRCD0015 197.55 199 Au_ppm 1.45 0.91
----------- --------- -------- ----------- ------------
GKRCD0016 38 49 Au_ppm 11 1.78
----------- --------- -------- ----------- ------------
GKRCD0016 125 126.5 Au_ppm 0.86 1.5
----------- --------- -------- ----------- ------------
GKRCD0016 157 158.7 Au_ppm 1 1.7
----------- --------- -------- ----------- ------------
GKRCD0017 98 99 Au_ppm 3.96 1
----------- --------- -------- ----------- ------------
GKRCD0017 114 115 Au_ppm 0.59 1
----------- --------- -------- ----------- ------------
GKRCD0017 119 121 Au_ppm 2.14 2
----------- --------- -------- ----------- ------------
GKRCD0018 75 76 Au_ppm 1 0.5
----------- --------- -------- ----------- ------------
GKRCD0018 81 82 Au_ppm 1 1.14
----------- --------- -------- ----------- ------------
GKRCD0019 120 121 Au_ppm 1 7.75
----------- --------- -------- ----------- ------------
GKRCD0019 124 125.2 Au_ppm 1.2 1.05
----------- --------- -------- ----------- ------------
GKRCD0019 129 130 Au_ppm 1 0.56
----------- --------- -------- ----------- ------------
GKRCD0019 133.1 137 Au_ppm 3.9 1.82
----------- --------- -------- ----------- ------------
GKRCD0020 4 8 Au_ppm 4 0.59
----------- --------- -------- ----------- ------------
GKRCD0020 14 16 Au_ppm 2 6.35
----------- --------- -------- ----------- ------------
GKRCD0020 39 40 Au_ppm 1 0.59
----------- --------- -------- ----------- ------------
GKRCD0020 51 52 Au_ppm 1 0.67
----------- --------- -------- ----------- ------------
GKRCD0020 62 65 Au_ppm 3 1.51
----------- --------- -------- ----------- ------------
GKRCD0020 123 124 Au_ppm 1 0.67
----------- --------- -------- ----------- ------------
GKRCD0020 140 142 Au_ppm 2 3.37
----------- --------- -------- ----------- ------------
GKRCD0021 41 42 Au_ppm 1 3.6
----------- --------- -------- ----------- ------------
GKRCD0021 168 170 Au_ppm 2 6.76
----------- --------- -------- ----------- ------------
GKRCD0021 180 181 Au_ppm 1 1.36
----------- --------- -------- ----------- ------------
GKRCD0021 186 187.4 Au_ppm 1.4 1.5
----------- --------- -------- ----------- ------------
GKRCD0023B 156 174 Au_ppm 18 9.39
----------- --------- -------- ----------- ------------
GKRCD0023B 178 179 Au_ppm 1 0.91
----------- --------- -------- ----------- ------------
GKRCD0023B 187 189 Au_ppm 2 0.65
----------- --------- -------- ----------- ------------
GKRCD0023B 216 221 Au_ppm 5 3.61
----------- --------- -------- ----------- ------------
GKRCD0023B 226.5 228 Au_ppm 1.5 1.42
----------- --------- -------- ----------- ------------
GKRCD0024 168 170.3 Au_ppm 1.69 2.3
----------- --------- -------- ----------- ------------
GKRCD0024 192 194.2 Au_ppm 8.91 2.2
----------- --------- -------- ----------- ------------
GKRCD0024 199 200 Au_ppm 5.9 1
----------- --------- -------- ----------- ------------
GKRCD0024 230 231 Au_ppm 0.97 1
----------- --------- -------- ----------- ------------
GKRCD0024B 171 172.7 Au_ppm 1.7 1.48
----------- --------- -------- ----------- ------------
GKRCD0024B 189 191.3 Au_ppm 2.3 0.63
----------- --------- -------- ----------- ------------
GKRCD0024B 194 198 Au_ppm 4 2.07
----------- --------- -------- ----------- ------------
GKRCD0025 33 34 Au_ppm 1 2.04
----------- --------- -------- ----------- ------------
GKRCD0026 129 130 Au_ppm 1 1.03
----------- --------- -------- ----------- ------------
GKRCD0033 93 94 Au_ppm 4.5 1
----------- --------- -------- ----------- ------------
GKRCD0033 109 110 Au_ppm 0.6 1
----------- --------- -------- ----------- ------------
GKRCD0033 148.55 150.56 Au_ppm 1.94 2.01
----------- --------- -------- ----------- ------------
GKRCD0034 137 143 Au_ppm 6 2.07
----------- --------- -------- ----------- ------------
GKRCD0034 158 168 Au_ppm 10 2.79
----------- --------- -------- ----------- ------------
GKRCD0035 180 181.2 Au_ppm 1.2 1.49
----------- --------- -------- ----------- ------------
GKRCD0037 77 78 Au_ppm 1 0.52
----------- --------- -------- ----------- ------------
GKRCD0037 85 86 Au_ppm 1 5.25
----------- --------- -------- ----------- ------------
GKRCD0037 143 144 Au_ppm 1 1.98
----------- --------- -------- ----------- ------------
GKRCD0038 183 186.1 Au_ppm 3.1 1.75
----------- --------- -------- ----------- ------------
GKRCD0039 27 29 Au_ppm 2 0.99
----------- --------- -------- ----------- ------------
GKRCD0039 33 35 Au_ppm 2 1.55
----------- --------- -------- ----------- ------------
GKRCD0039 47 48 Au_ppm 1 4.7
----------- --------- -------- ----------- ------------
GKRCD0039 196 198 Au_ppm 2.03 2
----------- --------- -------- ----------- ------------
GKRCD0039 206 207 Au_ppm 0.57 1
----------- --------- -------- ----------- ------------
GKRCD0040 5 7 Au_ppm 2 3.36
----------- --------- -------- ----------- ------------
GKRCD0040 16 17 Au_ppm 1 2.98
----------- --------- -------- ----------- ------------
GKRCD0040 77 80 Au_ppm 3 2.88
----------- --------- -------- ----------- ------------
GKRCD0040 175 177 Au_ppm 2 6.11
----------- --------- -------- ----------- ------------
GKRCD0040 191 192 Au_ppm 1 1.63
----------- --------- -------- ----------- ------------
GKRCD0040 198 201 Au_ppm 3 0.73
----------- --------- -------- ----------- ------------
GKRCD0040 234 235 Au_ppm 1 1.18
----------- --------- -------- ----------- ------------
GKRCD0040 243 244 Au_ppm 1 0.5
----------- --------- -------- ----------- ------------
GKRCD0041B 97 98 Au_ppm 1 11
----------- --------- -------- ----------- ------------
GKRCD0041B 105 106 Au_ppm 1 3.45
----------- --------- -------- ----------- ------------
GKRCD0041B 137 140 Au_ppm 3 12.89
----------- --------- -------- ----------- ------------
GKRCD0041B 153 157 Au_ppm 4 1.51
----------- --------- -------- ----------- ------------
GKRCD0041B 175 176 Au_ppm 1 1.45
----------- --------- -------- ----------- ------------
GKRCD0041B 185 186 Au_ppm 1 0.59
----------- --------- -------- ----------- ------------
GKRCD0043 116.5 119 Au_ppm 2.5 0.89
----------- --------- -------- ----------- ------------
GKRCD0045 58 68 Au_ppm 10 3.13
----------- --------- -------- ----------- ------------
GKRCD0045 180 182 Au_ppm 2 2.18
----------- --------- -------- ----------- ------------
GKRCD0045 225.04 227 Au_ppm 1.96 0.62
----------- --------- -------- ----------- ------------
GKRCD0046 49 50 Au_ppm 1 41.2
----------- --------- -------- ----------- ------------
GKRCD0046 223 225 Au_ppm 2 13.71
----------- --------- -------- ----------- ------------
GKRCD0046 231 233 Au_ppm 2 1.18
----------- --------- -------- ----------- ------------
GKRCD0047 47 48 Au_ppm 1 0.62
----------- --------- -------- ----------- ------------
GKRCD0047 53 54 Au_ppm 1 0.84
----------- --------- -------- ----------- ------------
GKRCD0047 73 74 Au_ppm 1 0.5
----------- --------- -------- ----------- ------------
GKRCD0048 29 31 Au_ppm 2 0.96
----------- --------- -------- ----------- ------------
GKRCD0049 283 284.25 Au_ppm 1.25 6.78
----------- --------- -------- ----------- ------------
GKRCD0050 244 248 Au_ppm 4 0.52
----------- --------- -------- ----------- ------------
GKRCD0050 250 254.3 Au_ppm 4.3 29.74
----------- --------- -------- ----------- ------------
GKRCD0051 117 118 Au_ppm 1 1.37
----------- --------- -------- ----------- ------------
GKRCD0051 127 128 Au_ppm 1 0.8
----------- --------- -------- ----------- ------------
GKRCD0051 199 201.1 Au_ppm 2.1 1.21
----------- --------- -------- ----------- ------------
GKRCD0055 81 82 Au_ppm 1 1.29
----------- --------- -------- ----------- ------------
GKRCD0055 113.4 115.6 Au_ppm 2.2 0.39
----------- --------- -------- ----------- ------------
GKRCD0056 65.3 84 Au_ppm 18.7 7.29
----------- --------- -------- ----------- ------------
GKRCD0056 99 100 Au_ppm 1 1.47
----------- --------- -------- ----------- ------------
GKRCD0056 123 124 Au_ppm 1 0.92
----------- --------- -------- ----------- ------------
GKRCD0058 264.5 265.85 Au_ppm 1.35 0.86
----------- --------- -------- ----------- ------------
GKRCD0059 188 189.4 Au_ppm 1.4 1.22
----------- --------- -------- ----------- ------------
GKRCD0059 243 245 Au_ppm 2 1.06
----------- --------- -------- ----------- ------------
GKRCD0061 188 189.55 Au_ppm 1.55 2.25
----------- --------- -------- ----------- ------------
Komana West
Depth From Depth To Interval
Hole_ID (m) (m) Element Width (m) Grade (g/t)
KWDD0615 56 57 Au_ppm 1 1.34
----------- --------- -------- ----------- ------------
KWDD0615 65 69 Au_ppm 4 1.42
----------- --------- -------- ----------- ------------
KWDD0615 78 79 Au_ppm 1 0.65
----------- --------- -------- ----------- ------------
KWDD0615 140.4 142 Au_ppm 1.6 0.76
----------- --------- -------- ----------- ------------
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
Ollie Head 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. Yanfolila held pre-production Probable Reserves of 709,800oz @ 3.14g/t, 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 28% 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.
END
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March 04, 2019 02:01 ET (07:01 GMT)
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