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Hummingbird secures agreement for Dugbe gold project

By BFN News | 08:55 AM | Friday 10 July, 2015

Hummingbird Resources (AIM: HUM), the West African gold development and exploration company, has signed a 25 year Mineral Development Agreement ('MDA') with the Government of Liberia ('GoL') for the 2,000km2 Dugbe Shear Zone, containing its 4.2Moz Dugbe gold project, in Liberia. The company says this will provide the necessary long-term stability and framework for the Dugbe gold project to be developed and operated. Dan Betts, CEO of Hummingbird Resources, commented, "This is a landmark moment for Hummingbird and Liberia. The Agreement demonstrates the Government of Liberia's understanding of and commitment to the country's mining industry and will allow us to move forward on the 4.2Moz Dugbe gold project. "The MDA gives us the security of tenure and right to mine for at least the next 25 years, and we look forward to continuing our long and enduring partnership to work with the Government of Liberia to develop Liberia's largest gold deposit." At 8:55am: (LON:HUM) Hummingbird Resources share price was +0.75p at 31.75p Story provided by

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