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04 Mar 2019 | 09:54

Hummingbird Resources drilling results at Yanfolila gold show more high-grade potential

Hummingbird Resources on Monday said its latest results at its Yanfolila gold mine in Mali demonstrated more high-grade potential and continued exploration potential.

The main focus of drilling was to convert resources to reserves and, in time, extend the mine life, the company said.

Highlights from drilling included intercepts at 4.3 meters at 29.74 grams per tonne of gold at 250 meters below the surface; 3 meters at 12.89 grams per tonne of gold at 58 meters; and 18 meters at 9.39 grams per tonne of gold at 156 meters. 'Following the conclusion of the drilling programme at Gonka, we have moved to the resource modelling phase as we look to publish a new and updated mineral resource for Gonka and the open pitable reserves.  After this is completed the Company plans to release a new life of mine plan at Yanfolila,' said Murray Paterson, Chief Geologist for Hummingbird. 'Our exploration team is reviewing the Gonka drilling data and is planning ahead for the coming 2019 drilling programme, which will target the down dip extensions to Gonka to expand the resource and reserves.' 'A thorough review of the database to identify new greenfield targets is also underway and this is expected to yield high priority targets to drill test outside the current seven deposits that have resources associated with them.'

At 9:54am: (LON:HUM) Hummingbird Resources share price was +0.3p at 24.25p

Story provided by StockMarketWire.com
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