A gold mining company, spearheading the growth of gold mining in Mali, has announced a new drill program designed to extend its flagship operation and strengthen its position.
Hummingbird Resources is currently operating the Yanfolila Gold project in Mali and in a statement this week the company revealed it has started an exploration drilling campaign “targeting an expected extension to Yanfolila’s mine life.”
Through the program, Hummingbird will drill over 50,000m across six existing deposits as part of its mining permit, which are within close proximity to the Yanfolila processing plant.
The company will also produce an update of the results of a study on the underground potential at Komana East, an underground operation that could add 113,000ozs of producivble gold in addition to the existing mine plan at Yanfolila.
“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 programme is about converting those ounces into the mine plan for Yanfolila.” Said Myrray Paterson, VP Geology.
“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.”
By targeting these known Resources it is expected that the current mine life will ultimately be extended beyond 10 years.
Production at the Yanfolila site officially began in August 2017, with the company on track to hit its first year production target of 132,000oz of gold.