In Liberia, Hummingbird has a conditional earn-in agreement with ARX Resources Limited (“ARX”) in respect of the Company’s Dugbe Gold Project. Monrovia – Hummingbird Resources plc (AIM:HUM) has signed a binding heads of terms agreement for the acquisition of the Kouroussa Gold Project located in Guinea, from Cassidy Gold Corp, subject to standard conditions precedent including Government approval. The Kouroussa Gold Project, a near term development asset in the prolific Siguiri Basin, has a high-grade mineral resource of 1.18Moz of gold at >3g/t. I am proud of the fact we were nimble enough to change direction and acquire the Yanfolila project in Mali. “Whilst we continue to believe completely in the potential of the Dugbe Gold Project we also realise that it is a very different project to what we are focused on at Yanfolila.

Source: Front Page Africa June 10, 2020 08:37 UTC