TIDMHUM
RNS Number : 2932D
Hummingbird Resources PLC
02 March 2022
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector:
Mining
02 March 2022
Hummingbird Resources plc
('Hummingbird' or the 'Company')
Kouroussa Drilling Update
Ongoing Significant High-Grade Assay Data Received
Hummingbird Resources plc (AIM: HUM) provides an update on the
Company's infill drilling programme at the Kouroussa Gold Mine
("Kouroussa" or "the Project") in Guinea, including a notable hole
of 9 metres ("m") at 36.35 grams per tonne ("g/t"), amongst other
high grade intercepts.
For the full release, including drilling graphics, please follow
the link
http://www.rns-pdf.londonstockexchange.com/rns/2932D_1-2022-3-1.pdf
Kouroussa Drilling Highlights :
Hummingbird has received further assay results on 61 Reverse
Circulation ("RC") and three diamond holes on the high-grade Koekoe
("KK") deposit, delivering approximately 5,567 meters out of the
Company's c.24,000m infill drilling programme for 2021. To date,
and including today's results, the Company has received c.15,000m
of assays from the 2021 programme, with the last assays expected
this month, which will be released once received and analysed.
-- Notable drill results from the KK deposit include:
o 9m at 36.35 g/t from 90m (KRC1856)
o 14m at 21.85 g/t from 55m (KRC1849)
o 9m at 30.58 g/t from 96m (KRC1903)
o 4m at 53.84 g/t from 65m (KRC1844)
o 18m at 7.37 g/t from 74m (KRC1839)
o 6m at 18.80 g/t from 57m (KRC1831)
o 10m at 10.26 g/t from 53m (KRC1924)
o 5m at 19.02 g/t from 96m (KRC1778)
o 8m at 9.35 g/t from 49m (KRC1857)
o 18m at 4.12 g/t from 46m (KRC1840)
o 10m at 7.34 g/t from 89m (KRC1921)
o 7m at 10.14 g/t from 92m (KRC1917)
o 7m at 9.78 g/t from 133m (KRC1844)
o 1m at 66.05 g/t from 93m (KRC1844)
-- These results and the c.68,000m drilling from the 2021
campaigns for both Kouroussa and Yanfolila will feed into our
updated Company 2022 Resources and Reserves statement that remains
on target to be released in Q2 2022
-- The KK deposit has a current maiden Reserve of 408,900 ounces
("oz") at 4.38 g/t, with upside potential once all the 2021
c.24,000m infill drilling data are received, analysed and included
in the aforementioned updated Company Resources and Reserves
statement
-- Drill assay results continue to support the current
interpretation as well as highlighting additional mineralisation
zones. The deposit remains open along strike and down plunge
-- The extent of the KK deposit's potential is highlighted in
the graphics below showing the long section view of the deposit and
a notable drill cross section
Dan Betts, CEO of Hummingbird Resources, commented:
"We continue to receive very high-grade drilling data from
Kouroussa, which continues to strengthen our overall knowledge base
and confidence of the asset's geology. These ongoing double-digit
grade drilling results show we have an asset of significant gold
endowment situated in the prolific Siguiri gold region.
We are receiving the final results for the Kouroussa's 2021
drilling campaign, with our geology and technical teams busy
analysing the data to feed into our upcoming updated 2022 Company
Resources and Reserves statement, with the overarching strategy of
extending the life of the Kouroussa mine to well over ten
years."
Koekoe selected drill results
Hole ID Depth From (m) Depth To (m) Intercept Description
KRC1856 90 99 9m @ 36.35 g/t
--------------- ------------- ----------------------
KRC1849 55 69 14m @ 21.85 g/t
--------------- ------------- ----------------------
KRC1903 96 105 9m @ 30.58 g/t
--------------- ------------- ----------------------
KRC1844 65 69 4m @ 53.84 g/t
--------------- ------------- ----------------------
KRC1839 74 92 18m @ 7.37 g/t
--------------- ------------- ----------------------
KRC1831 57 63 6m @ 18.80 g/t
--------------- ------------- ----------------------
KRC1924 53 63 10m @ 10.26 g/t
--------------- ------------- ----------------------
KRC1778 96 101 5m @ 19.02 g/t
--------------- ------------- ----------------------
KRC1857 49 57 8m @ 9.35 g/t
--------------- ------------- ----------------------
KRC1840 46 64 18m @ 4.12 g/t
--------------- ------------- ----------------------
KRC1921 89 99 10m @ 7.34 g/t
--------------- ------------- ----------------------
KRC1917 92 99 7m @ 10.14 g/t
--------------- ------------- ----------------------
KRC1844 133 140 7m @ 9.78 g/t
--------------- ------------- ----------------------
KRC1844 93 94 1m @ 66.05 g/t
--------------- ------------- ----------------------
KRC1853 52 61 9m @ 6.74 g/t
--------------- ------------- ----------------------
KRC1941 11 19 8m @ 7.50 g/t
--------------- ------------- ----------------------
KRC1853 93 104 11m @ 5.25 g/t
--------------- ------------- ----------------------
KRCD1869 124 126 2m @ 22.58 g/t
--------------- ------------- ----------------------
KRC1830 34 40 6m @ 6.06 g/t
--------------- ------------- ----------------------
KRC1944 31 33 2m @ 15.41 g/t
--------------- ------------- ----------------------
KRC1926 11 15 4m @ 7.22 g/t
--------------- ------------- ----------------------
KRC1907 39 47 8m @ 2.93 g/t
--------------- ------------- ----------------------
KRC1847 72 77 5m @ 4.38 g/t
--------------- ------------- ----------------------
KRC1924 82 91 9m @ 2.36 g/t
--------------- ------------- ----------------------
KRC1921 103 105 2m @ 10.57 g/t
--------------- ------------- ----------------------
KRC1831 24 37 13m @ 1.56 g/t
--------------- ------------- ----------------------
KRC1832 93 97 4m @ 4.62 g/t
--------------- ------------- ----------------------
KRC1945 32 33 1m @ 16.84 g/t
--------------- ------------- ----------------------
KRC1939 97 99 2m @ 8.09 g/t
--------------- ------------- ----------------------
KRCD1893 157 161 4m @ 3.66 g/t
--------------- ------------- ----------------------
KRC1929 47 48 1m @ 14.63 g/t
--------------- ------------- ----------------------
KRC1944 25 27 2m @ 7.27 g/t
--------------- ------------- ----------------------
KRC1943 17 22 5m @ 2.79 g/t
--------------- ------------- ----------------------
KRC1836 3 4 1m @ 13.10 g/t
--------------- ------------- ----------------------
KRC1857 40 45 5m @ 2.56 g/t
--------------- ------------- ----------------------
KRC1936 16 21 5m @ 2.53 g/t
--------------- ------------- ----------------------
KRC1844 53 54 1m @ 11.72 g/t
--------------- ------------- ----------------------
KRC1916 32 34 2m @ 5.25 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).
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014 (withdrawal). Upon the
publication of this announcement, this inside information is now
considered to be in the public domain.
**S**
Notes to Editors:
Hummingbird Resources (AIM: HUM) is a multi-asset,
multi-jurisdiction gold production, development and exploration
Company, a member of the World Gold Council and a founding member
of Single Mine Origin ( 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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