REG - Hummingbird Res. - Pasofino Exploration Update - Dugbe

Hummingbird ResourcesAnnouncement

02/10/2024 14:00

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RNS Number : 6916G  Hummingbird Resources PLC  02 October 2024

Hummingbird Resources plc / Ticker: HUM / Index: AIM / Sector: Mining

 

02 October 2024

Hummingbird Resources plc

("Hummingbird", the "Group" or the "Company")

Pasofino announces results of maiden drilling maiden diamond core drilling at
the Bukon Jedeh

Hummingbird Resources Plc ("Hummingbird" or the "Company") (AIM: HUM) is
pleased to note the recent announcement from Pasofino Gold Limited
("Pasofino") surrounding the results of their maiden diamond core drilling
programme at the Bukon Jedeh 'gold camp' ("Bukon"), which has intersected
significant gold mineralisation zones within the Dugbe Gold Project in
Liberia. Hummingbird holds a 53% interest in Pasofino.

Highlights from Pasofino's Maiden Drilling Programme

·      8 of the 11 holes that reached their target depth intercepted
gold mineralised intervals, including:

o  BKDD001: 21.3m with an average grade of 0.9 g/t Au from 53.5m downhole

o  BKDD004: 4.0m with an average grade of 2.1 g/t Au from 46.5m downhole

o  BKDD011: 2.5m with an average grade of 2.2 g/t Au from 43.5m downhole

·      BKDD001, the westernmost drill hole on the main trend, indicates
a potential 'build-up' of mineralisation towards an interpreted fold closure,
a structural feature similar to that controlling the nearby 2.3 Moz Tuzon
deposit. Future drilling will aim to test down-dip and along trend from
BKDD001, and

·      Additional exploration is planned for the DSZ target, situated 4
km along strike from the Tuzon deposit, where a 2021 channel cut into bedrock
returned 36m at an average grade of 0.6 g/t Au, though it remains untested by
drilling.

Further details can be found in the announcement by Pasofino via the following
link - www.pasofinogold.com
(https://www.pasofinogold.com/projects/dugbe-gold-project/default.aspx)

Qualified Persons Statement

Scientific or technical information in this disclosure that relates to
exploration results was prepared and approved by Mr. Andrew Pedley. Mr. Pedley
is a consultant of Pasofino Gold Ltd.'s wholly-owned subsidiary ARX Resources
Limited. He is a member in good standing with the South African Council for
Natural Scientific Professions and is as a Qualified Person under National
Instrument 43-101.

 

**ENDS**

Notes to Editors:

Hummingbird Resources plc (AIM: HUM) is a leading multi-asset,
multi-jurisdiction gold producing Company, member of the World Gold
Council and founding member of Single Mine Origin (www.singlemineorigin.com
(http://www.singlemineorigin.com/) ). The Company currently has two core gold
projects, the operational Yanfolila Gold Mine in Mali, and the Kouroussa
Gold Mine in Guinea, which will more than double current gold production
once at commercial production. Further, the Company has a controlling interest
in the Dugbe Gold Project in Liberia that is being developed by joint
venture partners, Pasofino Gold Limited. The final feasibility results on
Dugbe showcase 2.76Moz in Reserves and strong economics such as a 3.5-year
capex payback period once in production, and a 14-year life of mine at a low
AISC profile. Our vision is to continue to grow our asset base, producing
profitable ounces, while central to all we do being our Environmental, Social
& Governance ("ESG") policies and practices.

 

For further information, please visit hummingbirdresources.co.uk
(https://www.hummingbirdresources.co.uk/)  or contact:

 

 

 Daniel Betts, CEO       Hummingbird Resources plc  Tel: +44 (0) 20 7409 6660

 Thomas Hill, FD

 Edward Montgomery, CD
 James Spinney           Strand Hanson Limited      Tel: +44 (0) 20 7409 3494

 Ritchie Balmer          Nominated Adviser
 James Asensio           Canaccord Genuity Limited  Tel: +44 (0) 20 7523 8000

 Charlie Hammond         Broker
 Bobby Morse             Buchanan                   Tel:  +44 (0) 20 7466 5000

 Oonagh Reidy            Financial PR/IR            Email: HUM@buchanan.uk.com (mailto:HUM@buchanan.uk.com)

 George Pope

 

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