Hummingbird Resources Update : News from McNeill.org.uk

Hummingbird Resources Update

09 July 2012
Hummingbird Resources Update

Hummingbird Resources plc Q2 Exploration Update

Hummingbird Resources is pleased to announce an update to its exploration activities over the last quarter.

Highlights of the Quarter:

  • New Sackor gold discovery, only 4km west of Dugbe F deposit.
  • Further positive gold diamond drill results at Tuzon deposit, only 2.5km east of Dugbe F.
  • Intensive exploration ongoing, with over 13,000 samples taken across all licences.
  • Largest gold-in-soil discovery to date in terms of the size of the zones of gold-in-soil anomalies in the Tiehnpo licence - trenching underway now.
  • 7km long by up to 1.5km wide anomalous gold-in-soil zone emerging in the Nemo Creek licence.
  • Dr Julian Barnes appointed as Head of Project Development, on a consultancy basis, to advance existing gold Resources and maximise the economic potential of the Dugbe 1 Project.

Dan Betts, CEO, commented today:

"During Q2 Hummingbird Resources has collected in excess of 13,000 samples for analysis across various targets and projects within our portfolio, which is a staggering achievement. This has resulted in a number of significant developments for the Company. Of particular note are the large soil anomalies emerging at Tiehnpo and Nemo Creek, which provide the Company with an exciting pipeline of potential future drill targets, whilst the drilling in the Dugbe 1 Project area continues to produce encouraging results. During the quarter we also made significant steps in strengthening our technical team; and I am thrilled that Julian Barnes has joined Hummingbird Resources as Head of Project Development, on a consulting basis, and we will look to make further additions to this team. Julian brings with him a wealth of mining knowledge including extensive bankable feasibility study experience."

Click on the link below for maps of the Dugbe 1 Project area, Dugbe Shear Zone, Nemo Creek and Tiehnpo soil grids

http://www.rns-pdf.londonstockexchange.com/rns/1716H_1-2012-7-8.pdf
http://www.rns-pdf.londonstockexchange.com/rns/1716H_2-2012-7-8.pdf
http://www.rns-pdf.londonstockexchange.com/rns/1716H_3-2012-7-8.pdf
http://www.rns-pdf.londonstockexchange.com/rns/1716H_4-2012-7-8.pdf

Dugbe Shear Zone (DSZ)

The DSZ licences total over 2,000km2 and cover 80km of strike length of the major regional scale Dugbe Shear Zone. The Dugbe F and Tuzon NI 43-101 compliant Resources totalling 3.8Moz gold (Indicated and Inferred - see Note to Editors below) lie towards the western end of the Company's DSZ licences.

  • Sackor: 3,727m were drilled in 20 diamond holes at Sackor. Results have been received back from the first 13 holes (full table in appendix) with results from the final seven holes from the laboratory due shortly. On top of this 452m of further trenching was also completed. Results to date appear to show similarities to mineralisation at Dugbe F and Tuzon and the discovery remains open to the north and south. Selected drilling highlights include:

6.00m @ 3.36 g/t Au in SKDC001
5.14m @ 2.49 g/t Au in SKDC002
4.61m @ 1.92 g/t Au in SKDC006
13.00m @ 1.33 g/t Au in SKDC007
2.95m @ 4.12 g/t Au in SKDC007
4.00m @1.92 g/t Au in SKDC007
4.72m @ 2.69 g/t Au in SKDC008
7.00m @ 1.63 g/t Au in SHDC008

  • Tuzon: 931m of diamond drilling were completed to explore the Tuzon North Zone. The final drill results from this have been received very recently (full table in appendix). The additional results are now being modelled to combine with the existing Resource at Tuzon. This additional modelling will also look at the higher-grade pockets within the deposit with a greater emphasis on optimising mining conditions. Selected drilling highlights include:

13.77m @ 2.75 g/t Au in TDC070
16.20m @ 3.59 g/t Au in TDC070
22.16m @ 2.48 g/t Au in TDC072
26.32m @ 1.63 g/t Au in TDC071

  • North West Joe Village: 2,085 soil samples were taken with full results pending.
  • Dugbe F: 650m of diamond drilling were completed.
  • Tiehnpo: over 850 soil samples were taken to complete soil grids. From this, a 7km long by up to 2km wide gold-in-soil anomaly zone has emerged. A trenching programme has commenced there to follow up on this. To date, this is the Company's largest discovery in terms of the size of the zones of gold-in-soil anomalies.
  • Nemo Creek: 4, 567 soil samples taken in Q2 with full results pending. A new 7km long by up to 1.5km wide gold-in-soil anomaly zone is emerging in Nemo Creek grid 11. A further 11 new soil grids, totalling approximately 20,000 soil samples in all are underway on the Nemo Creek licence.

Note: David Pelham has reviewed and approved the technical information contained within this announcement in his capacity as a qualified person, as required under the AIM rules. David Pelham is Technical Director of the Company and is a member of the Institute of Materials, Minerals and Mining.