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Hummingbird Resources Plc
Summary
| Project: | Yanfolila | |
|---|---|---|
| Deposit: | Yanfolila | |
| Location: | Mali | |
| Commodities: | Gold | |
| Date: | 9/19/2018 | |
| Report Code: | (no Code) | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Mine Development | |
| Report details: | 19-9-2018: Hummingbird Resources Plc announces an Exploration/Drilling Update report for its Yanfolila deposit at the Yanfolila project. Drilling results incl. 11.45m @ 8.69g/t Au from 69m. Hummingbird Resources (AIM:HUM), is pleased to announce its first | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Murray Paterson (Internal) | |
| ABSTRACT: | Hummingbird Resources (AIM:HUM), is pleased to announce its first drilling results from the 2018 exploration programme and that it has approved the construction of a second ball mill at the Yanfolila Gold Mine ('Yanfolila'). The Company expects Yanfolila's Reserves will grow over its mine life and a second mill will allow the plant to increase its throughput capacity. The drilling is predominantly targeting the conversion of Resources to Reserves as well as some new Reserves not previously defined as Resources with the aim of extending the mine life of the Yanfolila Gold Mine. Dan Betts, CEO of Hummingbird, commented: "Approving the second ball mill, in place of the tertiary crusher, at the same time as releasing our initial results from the 2018 exploration programme shows the confidence we have in increasing our Reserves at Yanfolila. The second mill will give us greater flexibility and 24% more throughput when operating on 100% fresh ore. I am delighted with the initial drill results and look forward to receiving more over the coming months. I am very pleased to continue our working relationship with SENET who have been appointed the EPCM contractor for the second ball mill and look forward to carrying out another successful construction project with them.". | |
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