Dan Betts, CEO of Hummingbird Resources discusses the increase in the licence area at their Dugbe Gold Project in Liberia.

Dan Betts, CEO of Hummingbird Resources #HUM discusses the increase in the licence area at their Dugbe Gold Project in Liberia.

Central License Acquisition Highlights

§ Increases license area: 

§ The Central License adds an additional 210km2 to the Project's license area and forms the 'core' to the southern part of the Project

§ The license includes an area known as 'Bukon Jedeh' located ~8 kms southeast of the Project's large Tuzon deposit

§ Gold mining has reportedly taken place here since 1935 with extensive historical artisanal mining in the region supporting the view of being a highly prospective area 

§ Pasofino notes that approximately 16 km of prospective ground to be the area of focus for further exploration.  Goal being to identify another open pit deposit that could be processed at the Tuzon-Dugbe mining complex once developed

§ In 2012 and 2013, ASX listed, Equator Resources Limited ("Equator") carried out soil geochemistry and reverse circulation drilling within the Bukon Jedeh area

§ 80 holes and approximately 6,500 metres were drilled producing significant results as shown by some key highlights below 

§ Highlights of historical drill results produced by Equator:: 

§ 2 m @ 61.80 g/t Au from 74 m (BRC050) 

§ 10 m @ 6.20 g/t Au from 11 M (BRC037) 

§ 7 m @ 5.69 g/t Au from 10 m (BRC019) 

§ 5 m @ 3.55 g/t Au from surface (BRC035) 

§ Total project area increased: 

§ Total project area under license increases from 2,355 km2  to 2,565 km2