Hummingbird Resources plc said that results from 14 new drilled holes showed “excellent” potential for the Sanioumale East (SE) deposit at the Yanfolila gold mine, Mali. The company also announced today it was in the process of issuing the final shares to Cassidy Group for the acquisition on the Kouroussa gold project in Guinea. SANIOUMALE EAST […]
Tag: Hummingbird Resources plc
Hummingbird reports first drill results from Dugbe
Hummingbird Resources plc has received the first drill results from its Tuzon deposit at the Dugbe gold project in Liberia. The joint venture comprises Pasofino Gold Ltd which has an earn-in agreement for a 49% stake in the project, with Hummingbird owning 51%. Three of the four holes are ‘step-out’ holes to test the lateral […]
Hummingbird achieves exploration-financial targets
Hummingbird Resources plc said it had achieved one of its key 2020 objectives for a strengthened balance sheet and net cash position from its portfolio in Mali, Liberia and Guinea. The miner also met its other targets of improving its exploration programme and the acquisition of assets. However, the advances were overshadowed by higher costs […]
Hummingbird granted mining licences for Kouroussa
Hummingbird Resources plc announced it has been granted the mining licences for the Kouroussa gold project in Guinea. The miner will pay an initial consideration of £10 million to Cassidy Gold Corp, which will be met by the issue of 35,248,441 new ordinary shares in Hummingbird at a price of 28.4 pence per ordinary share. […]
Hummingbird notes new targets at Dugbe
Hummingbird Resources plc announced that new targets had been identified at Dugbe gold project in Liberia. The company’s joint venture partner Pasofino Gold Ltd conducted trenching on strike from the Tuzon deposit at the site. Results show a six-km long gold in soil trend extending south-westwards on strike from the 2 million oz (indicated mineral […]
Hummingbird focuses on water supply for Mali villages
Hummingbird Resources plc made progress during the first quarter of 2021 with its environment, social and governance (ESG) initiatives in Mali. In its production, operational and trading report for the Q1 2021, the miner said it had made particular advances in water infrastructure for several locally supported villages. Ongoing water rehabilitation at the locally supported […]