Hummingbird Resources plc has received a further conditional subscription of US$1.4 million (£1.2m) from certain existing institutional shareholders. OPEN OFFER The company said is also inviting other Hummingbird shareholders to subscribe for new ordinary shares at the same price through an open offer aimed to raise up to circa $2.4m (£2m). The move follows February’s strategic […]
Tag: Kouroussa gold mine – Guinea
Hummingbird completes more than 50% of Kouroussa
Hummingbird Resources plc reported further high-grade assay results and completion of more than 50% of Kouroussa gold mine in Guinea. DEVELOPMENT Final assay results from the 2021 infill drilling campaign relate to 27 drill holes for 4,138 metres at the key deposit of Koekoe (KK) and include 9.0m @ 32.60 g/t from 116m. The new […]
Hummingbird increases gold estimates
Hummingbird Resources plc said it had materially increased its company reserves from 1.12 million ounces to 4.13Moz and resources by 8% to 7.28Moz for its three gold projects in West Africa. PROJECTS The company’s assets comprise Yanfolila in Mali ; Kouroussa in Guinea including an inaugural ore reserve at the Kinkine deposit and higher-grade ore […]
Hummingbird notes thicker mineralisation zones at Kouroussa
Hummingbird Resources plc said it had identified thicker mineralisation zones than originally believed as it reported further drill results at the Koekoe (KK) deposit at Kouroussa, Guinea. PROGRAMME The assay results are from a further 86 reverse circulation (RC) and 12 diamond drill holes which comprise 9,900m of a 24,000m infill 2021 drilling programme. The […]
Hummingbird on schedule for Kouroussa first gold pour
Hummingbird Resources plc said it had started civil works as remained on course to achieve first gold pour by the end of Q2 2023 at Kouroussa, Guinea. WORK PROGRAMME Chief executive Dan Betts added that the company would double its current production profile once the mine was in operation. Earthworks are nearly complete at the […]
Hummingbird mobilises equipment at Kouroussa
Hummingbird Resources plc announced mobilisation of equipment and personnel along with further “significant” results at its gold mine at Kouroussa in Guinea. OPERATIONS The company aims to start construction in early January 2022 with first gold pour targeted by the end of Q2 2023. Hummingbird has appointed construction and engineering firm WACOM for the work […]