TIDMHUM
RNS Number : 2125U
Hummingbird Resources PLC
01 April 2021
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector:
Mining
1 April 2021
Hummingbird Resources plc
("Hummingbird" or the "Company")
Significant Drill Results Continue at Yanfolila, Mali
Hummingbird Resources plc (AIM: HUM) is pleased to provide an
update on the Company's 2021 exploration drilling programme at the
Yanfolila gold mine, Mali. For the release details and graphics,
please follow the link here
http://www.rns-pdf.londonstockexchange.com/rns/2125U_1-2021-3-31.pdf
.
As noted in the Company's Mineral Resource Estimate ("MRE")
announcement on 30 March 2021, the Company's 2021 exploration
drilling programme is focused on increasing mineral resources at
known deposits and testing new greenfield targets. Approximately
5,800 metres ("m") have been drilled so far in 2021, which includes
3,367 m of reverse circulation ("RC") drilling at Sanioumale East
("SE") and 2,474 m of diamond core drilling at Komana East ("KE").
The drill results from SE and KE show continued resource upside
potential at both deposits, as recently highlighted in the MRE
announcement.
SE highlights
-- With the SE drill holes continuing to intersect
mineralisation, the results highlight the potential for SE to be a
material deposit, building on the positive 2020 exploration results
which led to an increase of SE's JORC compliant MRE to 204,000
ounces ('oz')
-- Notable drill results from SE include:
-- 38 m at 5.39 g/t gold from 58 m depth (SNERCO421)
-- 5 m at 3.07 g/t gold from 79 m depth (SNERCO420:
interval1)
-- 16 m at 2.94 g/t gold from 107 m depth (SNERCO420: interval
2)
-- 8 m at 4.58 g/t gold from 154 m depth (SNERC0419)
-- 14 m at 2.63 g/t gold from 51 m depth (SNERC0413)
-- 14 m at 2.27 g/t gold from 77 m depth (SNERC0410)
-- 16 m at 2.32 g/t gold from 12 m depth (SNERC0411)
KE highlights
-- The drilling at KE is targeting mineralisation for underground development ("KEUG")
-- Of the KEUG drill holes completed to date in the 2021
exploration programme all nine drill holes have intersected the
targeted mineralised zones
-- Notable ongoing drill results from KEUG include:
-- 5.2 m at 3.83 g/t gold from 156 m depth (KEUGDD015)
-- 8.8 m at 2.87 g/t gold from 205 m depth (KEUGDD017)
-- 1.3 m at 7.00 g/t gold from 242.7 m depth (KEUGDD018)
-- 3.4 m at 5.35 g/t gold from 221 m depth (KEUGDD022)
-- 5 m at 2.23 g/t gold from 203 m depth (KEUGDD022)
Dan Betts, CEO of Hummingbird, commented:
"These results for both SE and KEUG continue on from last year's
drilling success, showing further upside growth potential in
resources for both deposits. The SE results are indicating that the
deposit is potentially of a material size and could be mined in the
coming years. Hole SNERC0421, 38 m at 5.39 g/t gold from 58 m
depth, is one of the best intersected drill results in the history
of Hummingbird which is a pleasing achievement!"
"Our ongoing work at the KEUG deposit is progressing well, with
the aim of bringing an underground mine into our future mine plans
once final drilling, permitting, portal hole access and economic
studies have been finalised."
SE drilling summary (see graphics below for more details on the
deposit)
-- The 2021 drilling at SE has intersected mineralisation in 11
of the 12 holes drilled, with mineralisation remaining open
-- Drilling is now proceeding to extend the mineralisation
further to the south of the central pit and at depth below the 'New
Zone' discovery
-- Hole SNERC0421 (38 m at 5.39 g/t gold from 58 m depth) was
drilled to confirm the widths and grade of the original discovery
hole of the 'New Zone' by SNERC0402 (42 m at 4.07g/t gold from 80
m) as highlighted in the Company's announcement dated 3 February
2021
-- This 'New Zone' remains open at depth and will be drilled
further with a diamond core rig to better understand its structural
controls and style of mineralisation in order to ensure its mineral
resource potential is targeted effectively
-- There is further exploration upside at the SE deposit, with
only 1.5 kilometres ('km') having been tested along the highly
prospective 3 km Sankarani Shear gold zone anomaly where SE is
situated, with more than one zone of mineralisation having already
been identified
-- 15,000 m of drilling is planned at SE in 2021
KEUG drilling summary (see graphics below for more details on
the deposit)
-- Following the discovery of the continuation of mineralisation
to the north of the deposit in the 2020 drilling programme, the
2021 programme is focussing on expanding and drill testing for
further mineralisation in that region. So far nine holes have been
drilled for 2,474m
-- These results continue to confirm mineralisation exists at
depth at the northern part of the deposit, giving the Company
increased confidence of further resource growth potential for the
planned KE UG mining operation
-- Key next steps for KEUG include:
-- Finalising the surface drilling programme
-- Gaining permitting approval for the KEUG mine
-- Finalising portal location and underground mine design
-- Finalising economic studies in order to bring the underground
mine into future mine plans
Sanioumale East Selected Drill Results
Hole Number* Depth From Depth To Intercept Description
SNERC0410 77 91 14m @ 2.27 g/t
----------- --------- ----------------------
SNERC0411 12 28 16m @ 2.32 g/t
----------- --------- ----------------------
SNERC0413 51 65 14m @ 2.63 g/t
----------- --------- ----------------------
SNERC0414 162 210 48m @ 0.57 g/t
----------- --------- ----------------------
SNERC0415 27 33 6m @ 5.70 g/t
----------- --------- ----------------------
SNERC0415 118 140 22m @ 0.53 g/t
----------- --------- ----------------------
SNERC0419 154 162 8m @ 4.58 g/t
----------- --------- ----------------------
SNERC0420 79 84 5m @ 3.07 g/t
----------- --------- ----------------------
SNERC0420 107 123 16m @ 2.94 g/t
----------- --------- ----------------------
SNERC0421 58 96 38m @ 5.39 g/t
----------- --------- ----------------------
SNERC0421 102 125 23m @ 0.69 g/t
----------- --------- ----------------------
*Holes with the same number represent different interval
sections
Komana East Deposit Selected Drill Results
Hole Number* Depth From Depth To Intercept Description
KEUGDD015 156 161.2 5.2m @ 3.83 g/t
----------- --------- ----------------------
KEUGDD015 170 172 2m @ 2.06 g/t
----------- --------- ----------------------
KEUGDD016 173.85 177.35 3.5m @ 1.76 g/t
----------- --------- ----------------------
KEUGDD017 172.8 176 3.2m @ 1.17 g/t
----------- --------- ----------------------
KEUGDD017 205 213.8 8.8m @ 2.87 g/t
----------- --------- ----------------------
1.55m @ 3.75
KEUGDD018 217.8 219.35 g/t
----------- --------- ----------------------
KEUGDD018 242.7 244 1.3m @ 7.00 g/t
----------- --------- ----------------------
KEUGDD018 247 248 1m @ 3.20 g/t
----------- --------- ----------------------
KEUGDD018 254 255.5 1.5m @ 1.98 g/t
----------- --------- ----------------------
2.35m @ 2.56
KEUGDD019 205.65 208 g/t
----------- --------- ----------------------
1.25m @ 2.69
KEUGDD020 250.4 251.65 g/t
----------- --------- ----------------------
KEUGDD021 224 226 2m @ 3.48 g/t
----------- --------- ----------------------
KEUGDD022 204.5 208 3.5m @ 3.05 g/t
----------- --------- ----------------------
KEUGDD022 231.6 235 3.4m @ 5.35 g/t
----------- --------- ----------------------
KEUGDD023 264 270.5 6.5m @ 1.16 g/t
----------- --------- ----------------------
*Holes with the same number represent different interval
sections
SE drilling long intersection deposit map
SE cross section view showing newly discovered 'New Zone' at the
north end of the central pit
KEUG long intersection view with planned mine development
Qualified Person Review:
Murray Paterson 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.
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).
**S**
For further information please visit
www.hummingbirdresources.co.uk or contact:
Daniel Betts, Hummingbird Resources Tel: +44 (0) 20 7409
CEO plc 6660
Thomas Hill, FD
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
-------------------------- ---------------------
Tim Blythe Blytheweigh Tel: +44 (0) 20 7138
Megan Ray Financial PR/IR 3205
Rachael Brooks
-------------------------- ---------------------
Notes to Editors:
Notes to Editors:
Hummingbird Resources (AIM: HUM) is a leading multi-asset,
multi-jurisdiction gold production, development and exploration
company and member of the World Gold Council ('WGC'). Hummingbird's
vision is to continue to grow its asset base, producing highly
profitable ounces, while continuing to focus on its Environmental,
Social & Governance ('ESG') policies and practices. The Company
currently has two core gold projects, the producing Yanfolila Gold
Mine in Mali, and the Kouroussa gold development project in Guinea.
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.
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