30th Mar 2015 08:36
LONDON (Alliance News) - Hummingbird Resources PLC on Monday said it has started grade control and in-fill drilling at the Yanfolila Gold Project in Mali.
Hummingbird said the in-fill drilling will increase the volume of inferred resources in the measured and indicated estimates for the site and increase the optionality of the mine scheduling.
The company said it is on track to start mine construction in the first half of 2015, with production targeted for the first half of 2016.
"With three drill rigs now operational and mine construction due to start imminently, we are highly active on the ground at Yanfolila," said Dan Betts, Hummingbird's Chief Executive.
Still, shares in Hummingbird were down 2.4% to 30.00 pence on Monday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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