Drilling Hits 3.42g/t over 23m at Akoko Project
Hamak Strategy Limited (LSE: HAMA / OTCQB: HASTF), a Company combining advanced gold exploration in West Africa with a Digital Asset Treasury Management strategy, announces further high-grade Reverse Circulation (“RC”) drilling results from the Akoko oxide gold project in southwest Ghana.
Highlights
· Gold assays for a further four shallow drill holes for a total of 141m at Akoko project
· Results include near surface, high-grade oxide gold intercepts from Akoko North of:
o 3.42g/t Au over 23m from 15m depth, including
§ 24.01g/t Au over 1m from 20m; and
§ 6.30g/t Au over 2m from 33m
· 39 RC drill holes for 2,280m completed to date
· Drilling continuing with 36 holes for 1,940m planned for the Akoko South prospect
CEO and Executive Director Karl Smithson commented:
“High-grade intersections continue to be made near surface in the Akoko North area, with hole 2026-043 returning very encouraging results of 3.42g/t Au over 23m from 15m. In this wide section higher grade intervals of 24.01g/t Au over 1m and 6.30g/t Au over 2m were intersected. Notably, this hole has also proven that gold mineralization continues eastward beyond the previously known mineralised area.
“Drilling of the Akoko North prospect is now complete and the rig is being mobilised to Akoko South. We will continue to provide updates as and when further results become available.”
RC Drilling Programme
Drilling has now been completed on the Akoko North area, combining resource confirmation as well as condemnation drilling, with a total of 39 holes for 2,280 metres drilled. The drill rig is being mobilised to commence drilling in the Akoko South licence where 36 RC holes for 1,940 m are planned, depending on accessibility due to increasing heavy rainfall in the region.
RC Drilling Assay Results
Assays have been received for a further four holes from 141m of drilling, with wide, high-grade gold intercepts recorded in the upper oxide zones of hole 2026-043. These include 3.42g/t Au over 23m from 15m depth, including higher-grade zones of 24.01g/t Au over 1m and 6.30g/t Au over 2m (Table 1).
Figure 1: Location of Akoko North Drill Holes Showing Some Recent Assay Results
Table 1: Drill Hole and Assay Information
Analytical and QA/QC
See the Company’s announcement of 11 May 2026 for the full analytical AQ/QC process.
Qualified Person
The technical information in this announcement, that relates to exploration results, is based on information reviewed by Hamak Strategy’s retained consultant Dr Colin Andrew, who is an independent Consulting Economic Geologist, and graduate of Imperial College London and the Royal School of Mines and is a Member of the Institute of Materials, Minerals and Mining, a Fellow of the Geological Society of London, a Member of the Society of Economic Geologists, and a registered Chartered Engineer with the Engineering Council. Colin Andrew has over forty years of diverse mining industry experience, relevant to the nature of exploration, the style of mineralization and type of deposit under consideration and to the activity that he is reviewing, to qualify as a an “Independent Qualified Person” as such term is defined in NI 43-101.
For the purposes of UK MAR, the person responsible for arranging release of this announcement on behalf of Hamak is Karl Smithson, CEO and Executive Director.