16th Jun 2021 06:50
Hummingbird Resources PLC - UK-based gold ore mining company - Reports positive results from the first four holes drilled at the Tuzon deposit at the Dugbe gold project in Liberia. The drilling demonstrated the "good continuity of the deposit" and recognised an extensive thickened zone of mineralisation, Hummingbird says. The four holes drilled are the first at Tuzon since the company's drilling programme in 2014.
Hummingbird has a 51% controlling interest in the Dugbe gold project while Pasofino Gold Ltd has an earn-in agreement for a 49% stake.
Hummingbird Resources Chief Executive Dan Betts comments: "We are excited to receive the first drill results at Tuzon since our drilling campaign at the deposit since 2014. Tuzon is a key deposit for the Dugbe Project with these initial results very encouraging as they include step out results showing upside potential to the already large resource profile."
Current stock price: 21.00 pence
Year-to-date change: down 37%
By Will Paige; [email protected]
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