Hummingbird Resources plc has completed converting its 51% holding in the Dugbe gold project into a 51% interest in Canadian joint venture partner Pasofino Gold Ltd.
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The company said that it now had “clear visibility and control” for more efficient decision-making and project advancement”.
The agreement results in Pasofino now owning 100% of Dugbe, prior to the Government of Liberia’s 10% carried interest.
The 2,302 km² project in southern Liberia is situated within the southwestern corner of the
Birimian Supergroup which hosts most West African gold deposits.
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