08:00 Wed 23 Dec 2020
Hummingbird Res. - Yanfolila exploration and drilling update
Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining
Hummingbird Resources plc
("Hummingbird" or the "Company")
Yanfolila exploration and drilling update
Hummingbird Resources plc (AIM:HUM) is pleased to provide an update on its exploration and drilling programme relating to the Sanioumale East ("SE") deposit at Yanfolila in
SE deposit drilling results highlights:
§ 7 m at 3.72 g/t from 45 m depth (SNERC0308)
§ 16 m at 9.64 g/t from 47 m depth (SNERC0317)
§ 18m at 2.83 g/t from 49 m depth (SNERC0338)
§ 7 m at 7.83 g/t from 21 m depth (SNERC0342)
§ 13 m at 2.22 g/t from 55 m depth (SNERC0344)
§ 8 m at 3.57 g/t from 36 m depth (SNERC0370)
§ 23 m at 1.96 g/t from 87 m depth (SNERC0370)
§ 8 m at 2.68 g/t from 112 m depth (SNERC0370) *
* New zone of mineralisation intersected outside the mineral resource model with the hole ending in mineralisation
§ Due to new zones of mineralisation intersected and the improved grade continuing at depth, the Company has extended its SE drilling campaign
§ The Company anticipates this new set of drilling to be finalised shortly, and will complete the 2020 exploration and drilling programmes. This data will be used to update the Yanfolila mineral resource models which Hummingbird expects to release by the end of Q1 2021
§ The above drilling results for SE and those recently released from Sanioumale West ("SW") and Komana East Underground ("KEUG") demonstrate potential mine life extension options at the Company's existing deposits. For more details on these results and drill intersections see the maps below and follow the link here for further drilling updates from the Company
"The purpose of our 2020 exploration and drilling programmes was primarily to upgrade our confidence levels in known mineral resources. It is clear from these results and those previously released that we have been able to achieve this and I am confident that we will be adding to the known mineral resources at Yanfolila. We are now modelling this years' drilling results in order to update our mineral resource models which we aim to release in Q1 next year."
"I am pleased with the initial SE drilling results. We have encountered multiple zones of mineralisation containing high grades with several remaining open at depth that require further drill testing in 2021. We are now eagerly finalising our 2021 exploration and drilling strategy not only for Yanfolila but at our new
SE DEPOSIT - Gramme per metre plan including the 2020 drill intercepts
SE DEPOSIT - Long section through the central zone
SE DEPOSIT - Drilling Cross Sections # 1
SE DEPOSIT - Drilling Cross Sections # 2
SE - Drilling intersection #3
Qualified Person sign off
**ENDS**
For further information please visit www.hummingbirdresources.co.uk or contact:
|
Hummingbird Resources plc |
Tel: +44 (0) 20 7409 6660 |
|
Strand Hanson Limited Nominated Adviser |
Tel: +44 (0) 20 7409 3494 |
|
Canaccord Genuity Limited Broker |
Tel: +44 (0) 20 7523 8000 |
|
Blytheweigh Financial PR/IR |
Tel: +44 (0) 20 7138 3205 |
Notes to Editors:
Hummingbird Resources (AIM: HUM) is a leading multi-asset, multi-jurisdiction gold production, development and exploration company and member of the World Gold Council ('WGC'). Our vision is to continue to grow our asset base, producing highly profitable ounces, while central to all we do being our Environmental, Social & Governance ('ESG') policies and practices. The Company currently has two core gold projects, the
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