Hummingbird Resources, the Liberia focused gold explorer, says drilling at its 100% owned Tuzon prospect has produced a maiden inferred resource of 2.05m ounces of gold .
The news raises the company's total resources to 3.8 million ounces.
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Commenting on the results, the Chief Executive of Hummingbird, Dan Betts, said: "The significance of this maiden resource discovery cannot be underestimated. It marks a seminal moment in the development of our company."
He added: "We now have a tremendous opportunity not just to discover more gold in what we believe to be a world class gold province, but to build Liberia's first multi-million ounce Birimian gold mine."
Shares in Hummingbird had risen by 4% by 11:47am. Over the last 12 months the stock is down 9%.
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