Hummingbird Resources plc is an AIM quoted mineral exploration company incorporated in England and Wales and headquartered in London. Since its establishment in November 2005, the Company and its subsidiaries (the "Group") has been active in Liberia, West Africa, and is currently the holder of the largest area of mineral exploration ground in the highly prospective Birimian geological region of eastern Liberia. The Group's total Resource is 3,817,000 ounces of gold (Indicated Resource of 1,373,000 ounces gold and Inferred Resource of 2,444,000 ounces gold).
The Group has a gold Resource on its Dugbe F deposit of 43.01 million tonnes at 1.276 g/t Au to give 1,765,000 ounces of gold using a lower cut-off grade of 0.5 g/t Au and no upper cut-off grade (Indicated Resource of 1,373,000 ounces of gold at 1.28 g/t Au and an Inferred Resource of 392,000 ounces of gold at 1.23 g/t Au). The Group now has in addition to this a maiden Resource on its Tuzon project of 52.8 million tonnes at 1.21 g/t Au to give 2,052,000 ounces gold using a lower cut-off grade of 0.5 g/t Au and an upper cut-off grade of 7.0 g/t Au (Inferred Resource of 2,052,000 ounces gold at 1.21 g/t). Tuzon lies 2.6km to the east of the Dugbe F deposit. The exploration has been based on sound geological premises and has been executed in an efficient and practical manner according to best industry practices.
Dan Betts, MD of Hummingbird Resources, talks about large-scale low-grade gold mines that are extremely economic
Thursday, December 22, 2011
Dan Betts, MD of Hummingbird Resources, talks about large-scale low-grade gold mines that are extremely economic, huge exploration opportunity, a linear near-surface deposit, 1.8 million ounces of gold, favourable strip ratio & metallurgy, an economic mine development, possible new gold province, & gold refining since 1760
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