Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Dan Betts, chief executive officer of Hummingbird Resources (HUM), is celebrating one a million-ounce increase in the company’s gold resource at the Tuzon deposit in its Digbe project in southern Liberia by casting his eyes round the market for new opportunities. Helped by infill drilling, which he says ‘has added $500,000 [£312,500] for every metre drilled’, the AIM-quoted company has hoisted its estimated resource at Tuzon to 2.5 million oz. with an improved if still modest 1.6 grammes of gold per tonne of ore.
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