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Hummingbird Resources PLC - African gold producer - Notes first seven drill holes of planned 5,500 metres drill programme at the Dudge F deposit at the Dudge gold project in Liberia have been drilled, all revealed intersection of gold mineralisation which are up to 26.7 metres in thickness.
Current infill drilling has aim of upgrading the project's inferred mineral resource estimate, with the objective of achieving indicated mineral resource estimate of between 600,000 and 1.0 million ounces.
"This is the first drill programme at the deposit since 2014 and these initial results are already confirming the potential of increasing the value of the Project. The objective of the drill programme is to increase the Indicated MRE. The results we are already starting to see put Pasofino on track to delivering this, supporting the DFS Pasofino are completing as part of its earn-in agreement," said Chief Executive Officer Dan Betts.
Current stock price: 21.50 pence
Year-to-date change: down 35%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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