TIDMHUM
RNS Number : 0858B
Hummingbird Resources PLC
09 February 2022
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector:
Mining
9 February 2022
Hummingbird Resources plc
('Hummingbird' or the 'Company')
Yanfolila Drilling Update
Yanfolila drilling results, including 4 meters at 64.68 g/t,
highlight life of mine upside potential
Hummingbird Resources plc (AIM: HUM) provides an update on its
extensive and completed 2021 exploration drilling programme at the
Yanfolila gold mine ("Yanfolila") in Mali from the Sanioumale East
("SE") and greenfield deposit, BBC . For the full release,
including graphics, please follow the link here
http://www.rns-pdf.londonstockexchange.com/rns/0858B_1-2022-2-8.pdf
The Company notes that these assays are the final to be received
from the Yanfolila 2021 drilling programme, which totalled c.48,000
meters ("m"). The results from the programme are now being analysed
and will be included in our updated 2022 Company Resources and
Reserves statement, scheduled to be released in Q2 2022.
Drilling Highlights :
-- The Company has received and analysed a further c.12,000 m of
assays from the SE deposit and c.3,179 m of assays from the initial
drilling done at greenfield deposit BBC. A total of c.17,700 m of
drilling was completed at the SE deposit in 2021
-- Results for SE continue to show significant grade and
extending at depth for the deposit, as illustrated, for example, by
hole SNEDD0005 containing 4 metres ("m") at 64.68 grams a ton
("g/t")
-- These and historical drilling results highlight the upside
potential to SE's current Resources and Reserves profile of 204,000
ounces ("oz") and 100,300 oz respectively, and provide an
increasing level of confidence in the overall geology of the SE
deposit as a key future deposit to be mined at Yanfolila, which is
scheduled to commence in Q1, 2023.
o The extent of the SE deposit's potential is highlighted in the
graphics (which can be viewed via [Insert Link to PDF]) including
SE satellite deposit plan view showing multiple open pits over the
yet to be fully explored c.1.5 kilometers ("Km") strike zone; SE
cross section drill view; and SE historical and 2021 drill
intercept cross section view over the strike zone area
-- Greenfield target BBC is receiving its first round of drill
testing, and have shown the potential to establish new resources at
this deposit. This further adds to additional greenfield upside at
Yanfolila's other greenfield deposits Karma and Diaban as
highlighted in the 20 December 2021 Yanfolila drilling update
release
-- Notable drill results from the SE deposit include:
o 4m at 64.68 g/t from 63m (SNEDD0005)
o 18m at 5.13 g/t from 7m (SNERC0511)
o 16m at 4.51 g/t from 138m (SNERCO438)
o 15m at 4.44 g/t from 75m (SNERCO476)
o 18m at 3.70 g/t from 128m (SNERC0495)
o 5m at 5.06 g/t from 99m (SNERC0495)
o 7m at 7.48 g/t from 46m (SNERC0479)
o 4m at 10.36 g/t from 230M (SNEDD0008)
o 3m at 7.25 g/t from 176m (SNERC0440
-- Notable drill results from the greenfield deposit, BBC
include:
o 2m at 6.22 g/t from 78m (KBCR0058)
o 3m at 4.05 g/t from 39m (KBCRC0035)
o 5m at 1.69 g/t from 4m (KBCR0045)
o 5m at 1.38 g/t from 28m (KBCRC0035)
o 3m at 1.96 g/t from 60m (KBCRC0059)
Dan Betts, CEO of Hummingbird Resources, commented:
"Today's announcement marks the completion of our 2021 Yanfolila
exploration programme of c.48,000 m. We are still awaiting on
further assays from our 2021 Kouroussa drilling campaign of
c.24,000 m which we will release findings on once received and
analysed, which we expect to be completed this quarter.
Overall the drill programme has demonstrated the significant
upside to extend the life of mine at Yanfolila on existing known
deposits, coupled with upside from our greenfield deposits still
only in their infancy. The results from the SE drilling are
particularly encouraging, shoring up our confidence that SE will be
a key future minable deposit at Yanfolila for the years ahead. This
all is a positive step as we move towards our s trategic goal of
achieving a +10-year Reserve mine life at Yanfolila. "
Noris Del Bel Belluz, Group Technical Services Manager of
Hummingbird Resources, commented:
"As we round out receiving and analysing assay data from our
extensive 2021 drilling campaign, the key focus for the geology
team is to incorporate these into the Company's updated 2022
Resources and Reserves databases so as to provide valuable data to
be used in our future mine plans at both Yanfolila and
Kouroussa."
Sanioumale East selected drill results
Hole ID Depth From (m) Depth To (m) Intercept Description
SEMTDD0001* 24 52.3 28.3m @ 3.94 g/t
--------------- ------------- ----------------------
SNEDD0001 315 332 17m @ 1.38 g/t
--------------- ------------- ----------------------
SNEDD0002 15 20.8 5.8m @ 2.06 g/t
--------------- ------------- ----------------------
SNEDD0002 29 36 7.5m @ 1.35 g/t
--------------- ------------- ----------------------
SNEDD0005 63 67 4m @ 64.68 g/t
--------------- ------------- ----------------------
SNEDD0007 115 123.2 8.6m @ 1.17 g/t
--------------- ------------- ----------------------
SNEDD0008 208 210.8 2.8m @ 3.24 g/t
--------------- ------------- ----------------------
SNEDD0008 230 234 4m @ 10.36 g/t
--------------- ------------- ----------------------
SNERC0438 138 154 16m @ 4.51 g/t
--------------- ------------- ----------------------
SNERC0440 176 179 3m @ 7.25 g/t
--------------- ------------- ----------------------
SNERC0441 148 160 12m @ 2.00 g/t
--------------- ------------- ----------------------
SNERC0445 126 134 8m @ 1.07 g/t
--------------- ------------- ----------------------
SNERC0447 40 42 2m @ 5.24 g/t
--------------- ------------- ----------------------
SNERC0455 72 75 3m @ 2.60 g/t
--------------- ------------- ----------------------
SNERC0459 120 123 3m @ 1.75 g/t
--------------- ------------- ----------------------
SNERC0467 34 40 6m @ 1.52 g/t
--------------- ------------- ----------------------
SNERC0468 96 107 11m @ 1.10 g/t
--------------- ------------- ----------------------
SNERC0469 43 57 14m @ 2.89 g/t
--------------- ------------- ----------------------
SNERC0476 24 26 2m @ 6.32 g/t
--------------- ------------- ----------------------
SNERC0476 75 90 15m @ 4.44 g/t
--------------- ------------- ----------------------
SNERC0479 46 53 7m @ 7.48 g/t
--------------- ------------- ----------------------
SNERC0480 192 194 2m @ 4.63 g/t
--------------- ------------- ----------------------
SNERC0482 150 160 10m @ 1.82 g/t
--------------- ------------- ----------------------
SNERC0487 66 72 6m @ 1.98 g/t
--------------- ------------- ----------------------
SNERC0489 58 69 11m @ 2.91 g/t
--------------- ------------- ----------------------
SNERC0495 99 104 5m @ 5.06 g/t
--------------- ------------- ----------------------
SNERC0495 128 146 18m @ 3.70 g/t
--------------- ------------- ----------------------
SNERC0498 27 29 2m @ 7.03 g/t
--------------- ------------- ----------------------
SNERC0498 73 90 17m @ 2.21 g/t
--------------- ------------- ----------------------
SNERC0510 59 73 14m @ 0.90 g/t
--------------- ------------- ----------------------
SNERC0511 7 25 18m @ 5.13 g/t
--------------- ------------- ----------------------
SNERCD0004 184 192 8m @ 2.49 g/t
--------------- ------------- ----------------------
* Downhole length of metallurgical hole intercept (not true
width)
BBC selected drill results
Hole ID Depth From (m) Depth To (m) Intercept Description
KBCRC0058 78 80 2m @ 6.22 g/t
--------------- ------------- ----------------------
KBCRC0035 39 42 3m @ 4.05 g/t
--------------- ------------- ----------------------
KBCRC0045 4 9 5m @ 1.69 g/t
--------------- ------------- ----------------------
KBCRC0035 28 33 5m @ 1.38 g/t
--------------- ------------- ----------------------
KBCRC0059 60 63 3m @ 1.96 g/t
--------------- ------------- ----------------------
KBCRC0069 20 28 8m @ 0.68 g/t
--------------- ------------- ----------------------
KBCRC0060 11 12 1m @ 5.18 g/t
--------------- ------------- ----------------------
KBCRC0039 74 78 4m @ 0.95 g/t
--------------- ------------- ----------------------
KBCRC0039 30 36 6m @ 0.56 g/t
--------------- ------------- ----------------------
KBCRC0040 12 14 2m @ 1.67 g/t
--------------- ------------- ----------------------
KBCRC0053 2 4 2m @ 1.66 g/t
--------------- ------------- ----------------------
KBCRC0065 46 47 1m @ 2.37 g/t
--------------- ------------- ----------------------
KBCRC0046 0 1 1m @ 2.31 g/t
--------------- ------------- ----------------------
KBCRC0069 36 37 1m @ 1.77 g/t
--------------- ------------- ----------------------
KBCRC0069 114 115 1m @ 1.55 g/t
--------------- ------------- ----------------------
KBCRC0039 23 24 1m @ 1.46 g/t
--------------- ------------- ----------------------
KBCRC0041 92 93 1m @ 1.36 g/t
--------------- ------------- ----------------------
KBCRC0042 79 80 1m @ 1.15 g/t
--------------- ------------- ----------------------
Qualified Person Review:
David Muir, has reviewed and approved the technical information
contained within this announcement in his capacity as a Qualified
Person, as required under the AIM Rules for Companies. David is the
Group Database Manager for Hummingbird, and is a "Competent
Person", according to the Australasian Code for Reporting of
Exploration Results, Mineral Resources and Ore Reserves ("JORC
Code, 2012 Edition") and is a member of good standing with the
Australian Institute of Geoscientists (AIG).
**ENDS**
Notes to Editors:
Hummingbird Resources (AIM: HUM) is a multi-asset,
multi-jurisdiction gold production, development and exploration
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 when in production,
scheduled for first gold pour end of Q2 2023. Further, the Company
has a controlling interest in the Dugbe Gold Project in Liberia
that is being developed by Pasofino Gold Limited through an earn-in
agreement. Our vision is to continue to grow our asset base,
producing profitable ounces, while placing our Environmental,
Social & Governance ('ESG') policies and practices at the heart
of all we do.
For further information, please visit hummingbirdresources.co.uk
or subscribe to our investor releases via investor email alerts
Daniel Betts, Hummingbird Resources Tel: +44 (0) 20 7409
CEO plc 6660
Thomas Hill,
FD
Anthony Köcken
, COO
Edward Montgomery,
CSO & ESG
James Spinney Strand Hanson Limited Tel: +44 (0) 20 7409
Ritchie Balmer Nominated Adviser 3494
-------------------------- ----------------------------
James Asensio Canaccord Genuity Limited Tel: +44 (0) 20 7523
Thomas Diehl Broker 8000
-------------------------- ----------------------------
Bobby Morse Buchanan Tel: +44 (0) 20 7466
Ariadna Peretz Financial PR/IR 5000
James Husband Email: HUM@buchanan.uk.com
-------------------------- ----------------------------
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END
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