Last checked at 1 Mar 2012 12:17
Hummingbird Resources plc
("Hummingbird" or the "Company" or the "Group")
(AIM: HUM)
Holding in Company
Hummingbird Resources plc was notified on 1 March 2012 that as a result of transactions executed on 29 February 2012 that Alpha Holdings One Limited is now interested in a total of 2,495,000 ordinary shares of the company, representing approximately 4.68% of the issued ordinary share capital of the Company.
Enquiries:
Hummingbird Resources plc
Daniel Betts, Chief Executive Officer
Thomas Hill, Chief Financial Officer and Company Secretary
Robert Monro, Head of Business Development +44 (0) 203 416 3560
Liberum Capital Limited
Nominated Adviser and Joint Broker
Tom Fyson / Richard Bootle +44 (0) 203 100 2222
Mirabaud Securities LLP
Joint Broker
Peter Krens +44 (0) 207 321 2508
Yellow Jersey PR Limited
Dominic Barretto
+44 (0) 7768 537739
Harry Fielder
+44 (0) 7747 788221
Notes to Editors
Hummingbird Resources plc is an AIM quoted mineral exploration company incorporated in England and Wales and headquartered in London. Since its establishment in November 2005, the Company and its subsidiaries (the "Group") has been active in Liberia, West Africa, and is currently the holder of the largest area of mineral exploration ground in the highly prospective Birimian geological region of eastern Liberia. The Group's total Resource is 3,817,000 ounces of gold (Indicated Resource of 1,373,000 ounces Gold and Inferred Resource of 2,444,000 ounces gold).
The Group has a gold Resource on its Dugbe F deposit of 43.01 million tonnes at 1.276 g/t Au to give 1,765,000 ounces of gold using a lower cut-off grade of 0.5 g/t Au and no upper cut-off grade (Indicated Resource of 1,373,000 ounces of gold at 1.28 g/t Au and an Inferred Resource of 392,000 ounces of gold at 1.23 g/t Au). The Group now has in addition to this a Maiden Resource on its Tuzon project of 52.8 million tonnes at 1.21 g/t Au to give 2,052,000 ounces gold using a lower cut-off grade of 0.5 g/t Au and an upper cut-off grade of 7.0 g/t Au (Inferred Resource of 2,052,000 ounces gold at 1.21 g/t). Tuzon lies 2.6km to the east of the Dugbe F deposit. The exploration has been based on sound geological premises and has been executed in an efficient and practical manner according to best industry practices.
The Group currently holds exploration licences covering approximately 7,000 square kilometres in total, which constitutes a significant proportion of eastern Liberia containing the Birimian sequence.
For more information, please visit www.hummingbirdresources.co.uk