Hummingbird Resources plc announced that its joint venture partner Pasofino Gold Ltd had estimated costs of US$435 million to start the 2,559 km2 Dugbe gold project in southern Liberia. PRODUCTION The figure is part of the Pasofino’s filed feasibility study (FS) for the project, which comprises two defined deposits of Tuzon and Dugbe F. Pasofino’s […]
Tag: Pasofino Gold Ltd
Dugbe DFS reveals 2.76Moz gold reserves
Hummingbird Resources plc said a definitive feasibility study showed a 2.76 million oz reserve base and 14-year life of mine with further potential for its 2,559 km2 Dugbe gold project in southern Liberia. MINE LIFE Currently comprising two deposits of Dugbe F and Tuzon, discovered by Hummingbird in 2009 and 2011 respectively, the project holds […]
Hummingbird partner raises up to $5.5m for Dugbe
Hummingbird Resources plc’s earn-in partner Pasofino Gold Ltd has raised up to US$5.5 million, including $4.5m from Turkish miner ESAN, for the Dugbe gold project in Liberia. DFS Pasofino’s non-brokered private placement of its common shares will allow the company to complete the definitive feasibility study due during Q2 2022. Today’s news follows a revised […]
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 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 to increase Dugbe gold resource
Hummingbird Resources plc said that initial results from a 5,500-metre drill programme show the potential to increase mineral resource at the Dugbe F gold deposit in Liberia. The company’s Canadian partner, Pasofino Gold Ltd, is conducting the programme and covering all associated costs, as part of its earn-in agreement for a 49% stake in the […]