Hummingbird Resources Exploration Programme Update

14 March 2011
Hummingbird Resources Exploration Programme Update

An update on the exploration programme since admission to AIM

Hummingbird Resources plc today announces an update on the exploration programmes in and adjacent to the Group's most advanced gold project, Dugbe F, in the Birimian domain of south-eastern Liberia.

Highlights

The Dugbe F gold project (within the Dugbe Shear Zone)

  • Located within the 70 kilometre long Dugbe Shear Zone, where the Company holds over 2,000 square kilometres of highly prospective ground and drilled a NI43-101 compliant gold resource of 812,000 ounces of gold in 2010 within eight months of drilling.
  • So far in 2011, 20 holes for 2,050.5 metres at Dugbe F completed; XRF arsenic results show good indications that every hole appears to intersect a continuation of the mineralised zone southwest towards the adjacent Joe Village licence area; awaiting assay results to confirm.
  • Assay results received from the soil sampling programme prove a robust extension of gold in soil anomaly to the southwest into the Joe Village licence area.
  • Preliminary interpretation of the recent ground magnetic survey conducted across the 5km x 1.1km Dugbe F drill grid indicates strong magnetic anomalies over anomaly A extending westward into Joe Village, as well as to the north of Anomaly E, which remains to be drilled.

The Dugbe Shear Zone - including the Joe Village licence area

  • Exploration work underway to prioritise drill targets for delineation of continuing mineralised zone at Dugbe F, as well as generating new drill targets within Dugbe Shear Zone.
  • Joe Village licence: 1,321 soil samples taken during February over two soil grids; results received for Grid 1 and awaited for Grid 2. Results received indicate a south-westwards extension of the Dugbe F ore body into which the current drill programme will be focused.
  • Extensive soil sampling programmes to establish new drill targets in the Dugbe Shear Zone area (see below for details).

Commenting today, Daniel Betts, CEO of Hummingbird Resources plc said: "We are extremely encouraged by the initial results of our 2011 drill programme at our Dugbe F project which would seem to substantiate our belief in the continuation of the mineralised zone. We have obtained good widths of near surface arsenic mineralisation as indicated by handheld XRF from all holes drilled to date. Arsenic has in the past been shown to have a direct correlation with gold mineralisation at Dugbe F. We will continue drilling into the newly discovered extension of the gold in soil anomaly into the Joe Village licence area in order to add ounces to our existing resource.

"Furthermore, we are extremely encouraged by the results from the various field programmes focused along the length of the Dugbe Shear Zone which continue to add weight to our model that our Dugbe F deposit is small part of a much larger mineralised system."

TO VIEW MAPS OF THE PROGRAMMES IN THE DUGBE SHEAR ZONE AREA, PLEASE CLICK ON THE FOLLOWING WEB LINK: http://www.rns-pdf.londonstockexchange.com/rns/8445C_-2011-3-13.pdf

Full News Release and Report on London Stock Exchange website