Hummingbird Resources Announcement

24 November 2011
Hummingbird Resources Announcement

Latest results from Tuzon Project

Hummingbird Resources Plc is pleased to announce, prior to a site visit by analysts next week, excellent new drill results from its 100% owned Tuzon Project just 3km east of the 1.8 million ounce (1.4m Indicated and 0.4m Inferred) Dugbe F NI43-101 compliant resource. The twelve new holes have returned the Company's best gold intersections to date, beating the record recently set at Tuzon announced last month.

Tuzon Drill Highlights:

  • Multiple wide gold zones intersected in each hole (aggregated highlights included below with full list in appendix):


Hole 5 (TDC005)

44.88m @ 1.49 g/t Au

Hole 7 (TDC007)

64.06m @ 1.38 g/t Au

Hole 8 (TDC008)

85.96m @ 1.48 g/t Au

Hole 12 (TDC012)

75.43m @ 1.97 g/t Au

Hole 16 (TDC016)

125.44m @ 2.41 g/t Au

 

  • Continued strong arsenic intersections in 20 holes awaiting Au results.


The presence of gold mineralisation at Tuzon was first revealed by soil geochemistry earlier this year and has been tested by a total of 35 diamond holes over a 1 km strike length to date, with assays received so far for 15 holes. XRF arsenic results from the outstanding holes suggest that further broad mineralised intercepts have been encountered. Drilling is on-going and it is anticipated that drill data will be used to model a maiden Tuzon Resource in Q1 2012.

Regional Work

  • Multiple trench and soil programmes on-going across other licence areas including Sackor in the Joe Village licence.

Sackor is west along strike of Dugbe F and it has four main gold anomalies in soils. Ten trenches are currently being dug and the Company is awaiting full assay results back from them. Arsenic of a similar magnitude to both Dugbe F and Tuzon is being found along these trenches taken from handheld XRF machines at site. This is a further example of target generation to increase the resource through future drill programmes around the Dugbe F Project in 2012.

Follow the links below for maps of Tuzon drill holes and Sackor trench locations

http://www.rns-pdf.londonstockexchange.com/rns/6958S_2-2011-11-24.pdf
http://www.rns-pdf.londonstockexchange.com/rns/6958S_1-2011-11-24.pdf

Daniel Betts, CEO, commented today:

"These new results at Tuzon give us increased confidence that the Tuzon deposit will have significant scale in its own right, with what looks to be better grade and width of mineralised zones than has been found to date at Dugbe F. This is highly encouraging, given our anticipation that both deposits are within a mineable radius of each other and many more areas within this radius are yet to be fully explored. These recent results therefore have significant positive implications for the economics of such a gold mine. We are excited about the potential for producing a resource calculation at Tuzon in Q1 2012."

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.