Hummingbird Seeks ‘Magic Number’ Deposit for Liberia Gold Mine

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Hummingbird Resources Plc, owner of gold exploration licenses in Liberia, aims to reach a deposit of as much as 3 million ounces by the end of the month and begin developing a mine.

The company, which in September raised the reserve at the Dugbe pit of its project in eastern Liberia to 1.8 million ounces, is targeting a maiden resource of about 1 million ounces at the Tuzon pit within a couple of weeks, Managing Director Daniel Betts said in an interview in London.