Pasofino Gold Ltd. Releases Updated Preliminary Economic Assessment for the Dugbe Gold Project, Liberia
June 24, 2021 at 10:50 am EDT
Hummingbird Resources plc announced that Pasofino Gold Ltd. has released its independent Preliminary Economic Assessment for the Dugbe Gold Project. The PEA has been prepared in accordance with NI 43-101 by DRA Projects (Pty) Ltd. a wholly owned subsidiary of DRA Global Ltd. as lead consultant and assisted by SRK Consulting Ltd. (UK) and Epoch Resources (Pty) Ltd. Pasofino has an earn-in agreement for a 49% stake in the Project, with Hummingbird maintaining a controlling interest of 51%. For further details on the option and earn-in agreement with Pasofino. Key Aspects Which Enhance The Quality Of The Project Include: 74 km by road from the port of Greenville to the Dugbe Project; Tuzon and Dugbe F deposits 4 km apart serviced by a central processing plant; USD 0.18/kWh estimated mine life power costs; Constructive relationship with the Government of Liberia.