Hummingbird Resources Announcement

14 October 2011
Hummingbird Resources Announcement

New Tuzon anomaly returns excellent intersections

Hummingbird is pleased to announce the initial drill results from the Tuzon target area, just 3km east of the 1.8 million ounce (1.4m Indicated and 0.4m Inferred) Dugbe F NI43-101 compliant resource, along the Dugbe Shear Zone. The results of the first three holes from the project's current 48 hole drill program have returned the Company's best gold intersections to date. All three drill results are set out in the table below.

Highlights:

  • 56m (aggregated) @ 1.4 g/t Au in hole TDC003 (Hole 3)
  • Gold intersected from surface
  • Wide arsenic zones (up to 140m) identified in a number of holes

Daniel Betts, CEO, commented today:

"Hole 3 on the Tuzon drill programme is by far the Company's most significant result to date. Not only is the width of the ore zone of far greater scale to anything returned at Dugbe F, but these are the first results from a different anomaly. This gives further proof to the Company's theory of multiple ore deposits within a mineable radius of Dugbe F.

Tuzon lies 3km from Dugbe F and a deposit here will form part of the same mine development. We are currently drilling hole 18 of a planned 48 hole drill program at Tuzon and expect to complete this program during Q4 2011. The geological model is consistent with that of Dugbe F, including the high correlation between arsenic and gold. As a result of this we have a high level of confidence, based on arsenic readings from our hand-held XRF machine, for the 17 holes drilled to date, that Tuzon's 1.7km surface expression will translate into further positive drill results and move the Company towards its target of discovering a world class gold province."

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.