13th Jul 2015 06:01
LONDON (Alliance News) - Hummingbird Resources PLC Monday said it has received a positive upgrade from conducting grade control drilling at the Komano East pit, the first area to be developed at the company's Yanfolia gold project in Mali.
"The analysis of the infill drilling taken from a section of the first year mining pit at Komana East has shown a consistent increase in grade. This is excellent news, and if continuous throughout the pit could provide significant economic upside to the already robust project credentials of Yanfolila," said Chief Executive Dan Betts.
The results from the area drilled showed an average grade of 5.24 grammes of gold per tonne, 68% higher than the 3.12 grammes of gold per tonne for the entire Komano East pit. The area drilled also showed a high grade zone of 12,200 tonnes at 7.7 grammes of gold per tonne.
The entire Komano East pit had a resource of 332,500 gold ounces before the further drilling was conducted.
"We intend to execute a close spaced grade control drill programme across the deposit to confirm these higher grades, prior to the commencement of mining," said Betts.
"On a wider level, plant earthworks are ongoing at Yanfolila and we look forward to updating the
market further as we develop Yanfolila as a leading high grade, low cost gold mining project in
West Africa," he added.
By Joshua Warner; [email protected]; @JoshAlliance
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