The Kouroussa Gold Project (the ‘Project’) is a high grade, open pit development asset with underground potential in Eastern Guinea, West Africa. It will become Hummingbird’s next operating gold mine producing circa 100,000 oz per annum once operational. This will move the Company’s production profile to +200,000 oz, with material exploration upside potential. The Company is awaiting the awarding of the mining licences from the Guinea Government and once granted the Company will finalise its pre-development programmes and then move into the development and then production phases of this exciting asset.
The Republic of Guinea (‘Guinea’) is a West African coastal country, its capital city Conakry has a population of approximately 13 million people and covers an area of 245,857 sq kms. The economy is largely dependent on agriculture and mineral production. It is the world’s second largest producer of bauxite and one of the top African gold exporters with gold mines owned and operated by major international companies.
The Project is a near term development asset in the prolific Siguiri Basin, Guinea, which currently has a high-grade indicated and inferred mineral resource of 1.18 million ounces (‘Moz’) of gold at >3 grammes per tonne (‘g/t’) coupled with material exploration upside potential.
Significant exploration potential is known to exist at depth beneath the Project’s two key deposits, Koekoe (‘KK’) and Kinkine (‘KnK’), with several other high priority targets identified for further exploration and resource growth potential.
The Company completed the acquisition of the Project from Cassidy Gold Corp in September 2020 (see 1 September 2020 release for more details).
We will provide more details on the Project once the mining licenses have been awarded.
Kouroussa Gold Project, Guinea mining licences map (under application)