Hummingbird Resources Says Gold Production Will Increase With Introduction Of Second Ball Mill
Gold producer today announced it has seen positive results from an initial exploration programme in southern Mali.
The AIM-listed company also said it will see an increased gold production by introducing a second ball mill at the Yanfolila Gold Mine.
The second ball mill is expected to drive an increase in the plant’s throughput to 1.4Mtpa from 1.24Mtpa, based on a blend of ore types.
Hummingbird said that when using 100% fresh ore, its throughput capacity will further increase from 1Mtpa to 1.24Mtpa.
The decision to introduce the mill came after a trade-off study was carried out to evaluate whether the company should install a secondary ball mill or a tertiary crusher - the ball mill found to be more worthwhile.
The second mill is due to be fully operational in Q3 2019 and will have a capex of around $13m.
Speaking about the development, CEO Dan Betts said: "Approving the second ball mill, in place of the tertiary crusher, at the same time as releasing our initial results from the 2018 exploration programme shows the confidence we have in increasing our Reserves at Yanfolila.
“The second mill will give us greater flexibility and 24% more throughput when operating on 100% fresh ore.”
With this news, the company also released initial results from an exploration programme around its Yanfolila Gold Mine.
The programme is primarily targeting the conversion of resources to reserves, as well as new reserves, all with the aim of extending the mine life of the Yanfolila Gold Mine.
The best intersections from the drilling at Komana West included 11.45m @ 8.69g/t from 69m depth and 25.75m @ 2.95g/t from 117m depth.
At Guirin West the best intersections included 16m @ 3.11g/t from 38m depth and 4m @ 8.12g/t from 13m depth.
See the full drilling results here
Speaking about the initial results, Hummingbird Resources' Chief Geologist Murray Paterson said: "We are delighted to have commenced exploration works at Yanfolila, with a new team, new eyes, new ideas and a lot of enthusiasm to be successful.
“As stated previously our focus is on targeting Reserve growth by drilling out known Inferred and / or de-risking the Indicated Resources at the 4 deposits within the mining permit but not yet in the Reserve mine plan.
“The results at KW show that the previous drilling didn't delineate and close off the mineralisation at this deposit. Drilling at Gonka is very exciting and we look forward to receiving and publishing the results when available."
Hummingbird Resources (HUM) is a gold production, development and exploration company that has two core gold projects - the Yanfolila Gold Mine in Mali and the Dugbe Gold Project in Liberia.
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