10th Sep 2014 08:27
LONDON (Alliance News) - Hummingbird Resources PLC Wednesday reported positive drill results from its Sanioumale East deposit, the first deposit the company has drilled within the 1.8 million ounce Yanfolila Project in Mali, as part of an optimisation programme.
Highlights include intersections of 8 metres at 7.32 grams per tonne of gold and 8 metres at 5.15 grams per tonne of gold.
Hummingbird Resources now plans to extend the 100,000 metre drill programme to around 15,000 metres with the aiming of defining additional resources.
Around 3,000 metres of metallurgical and geotechnical drilling also is being completed on these deposits. The company has already drilled over 11,000 metres and the entire programme will be completed by early October.
All other optimisation work is progressing in line with the plan to commence construction in the first quarter 2015, Hummingbird Resources said.
Hummingbird Resources shares were quoted up 0.7% at 48.85 pence Wednesday morning.
By Anthony Tshibangu; [email protected]; @AnthonyAllNews
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