AIM-listed Hummingbird Resources’ acquisition of the Kouroussa gold project in Guinea from Cassidy Gold Corp is a significant step in achieving its long-term ambition to create a sustainable multi-asset gold producer.
Hummingbird signed the purchase agreement after completing the necessary due diligence. In addition, the company has completed a more in-depth review of the project’s geological database. The review highlights promising drill intersections within and outside the current stated mineral resource used in the mine plan. These drill intersections also demonstrate the high-grade nature of the targets proximal to the project and within the permit area.
“I am delighted that we have been able to confirm the purchase of the Kouroussa gold project and look forward to working with the government of Guinea as we progress the development of Kouroussa as quickly as possible whilst continuing to explore the remarkable geological potential at the project,” says Dan Betts, CEO of Hummingbird Resources.