Hummingbird Resources is pleased to announce that it has conditionally agreed to acquire the remaining 20% interest in its Joe Village licence, which its Dugbe F Deposit extends into, for 103,225 ordinary shares in the Company. The acquisition increases the Company’s attributable NI 43-101 compliant Resource by 73,000 Indicated and 15,000 Inferred ounces, which represents an acquisition cost of under US$3/ounce based on the closing price of the Company’s shares on 27 February 2012. The acquisition will result in 100%…
Published 28 Feb, 2012 - Read full story
Daniel Betts, CEO, commenting today;
“These results cover the period of June-November 2011 and show how Hummingbird has completed the huge amount of exploration work promised in its IPO exploration timelines, within our IPO budget for 2011. During the year Hummingbird Resources found 3Moz of Gold at a discovery cost of $6/oz, making it one of the fastest growing, largest discoveries in Africa at one of the cheapest costs per ounce during the year. Of equal importance during the period…
Published 24 Feb, 2012 - Read full story
Hummingbird Resources plc
(“Hummingbird Resources” or the “Company”) (AIM: HUM)
2 Moz Maiden gold Resource At 100% owned Tuzon Deposit.
Total gold Resource increases to an attributable 3.7 Moz.
Hummingbird Resources is pleased to announce that the results from its initial 43 hole resource drill program at Tuzon has produced a maiden Inferred Resource of 2.05 Moz of gold prepared in accordance with NI 43-101. This Resource has been…
Published 1 Feb, 2012 - Read full story