Hummingbird Resources have this week announced the start of an exploration drill campaign on their Komana East mining permit in Mali, with a view to expanding their existing Yanfolia open pit project.
Highlights
- The new exploration drilling is targeting conversion of Resources to Reserves, extending the mine life at Yanfolila
- Four rigs are on site and will be drilling over 50,000m across six existing deposits on the mining permit, all in close proximity to the Yanfolila processing plant
- Komana East Underground Study shows potential for an economic underground mine with 113,000 ozs of producible gold in addition to the existing mine plan
- Operations are continuing on schedule, at the Yanfolila Gold Mine, and mining has commenced at Komana West
Murray Paterson, VP Geology, said:
I am extremely pleased that, after thorough preparation, drill rigs are mobilised and the campaign is under way. The drilling is aiming primarily for the conversion of existing Resources to Reserves targeting an expected extension to Yanfolila’s mine life.
We have a number of mineable deposits already proven up as Resources and this program is about converting those ounces into the mine plan for Yanfolila.
The Company has also significantly benefited from the arrival of Dr Colin Porter, a structural geologist with extensive experience in gold exploration in West Africa, as Exploration Manager on-site.
For more information see http://hummingbirdresources.co.uk
Exert from the company’s 02/07/18 news release
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