Aim-listed Hummingbird Resources has entered into a memorandum of understanding to combine certain of its noncore exploration permits in Mali with Africa-focused exploration company Kola Gold’s permits in Mali and Senegal. The parties were working to establish a new company Cora Gold, in which Kola would hold a 57% stake and Hummingbird 43%, to hold a portfolio of ten highly prospective gold exploration properties in two significant gold areas – the Kenieba Window in Mali and Senegal and the Yanfolila gold belt in Mali.
