High-Grade Historical Drilling Gold Intersections
Hamak Strategy Limited (LSE: HAMA / OTCQB: HASTF), a Company combining traditional gold exploration in West Africa with a Digital Asset Treasury Management strategy, announces that it has acquired and processed a new and comprehensive database of historical drilling and geochemical soil sampling from the Akoko Gold Project in southwest Ghana.
Highlights
· A new drilling and sampling database for Akoko acquired
· Includes 77 Reverse Circulation holes and nine Diamond Drill holes, with significant intercepts of;
o 21.40g/t over 2m from 27m depth
o 15.44g/t over 12m from 42m depth
o 8.99g/t over 7m from 42m depth
· High-grade intersections noted to typically occur less than 50m from surface, consistent with the model of a shallow, gold mineralized oxide horizon at Akoko
· Follow up drilling is planned to validate these historic results
CEO and Executive Director Karl Smithson commented:
“We are thrilled to see such exceptional gold grades and wide intersections from the processing of historical drilling data which Hamak recently acquired for the Akoko Gold project in southwest Ghana. The results include 15.44g/t over 12.0m, 8.99g/t over 7.0m and 21.40g/t over 2.0m. Subject to industry standard validation and follow up exploration, we believe these results can add significantly to our overall understanding of the extent of gold mineralization at Akoko.
“Our drilling programme at Akoko is continuing and further results will be announced when available. Once drilling is complete and all results have been received, Hamak will commission an independent Mineral Resource Estimate and Preliminary Economic Assessment for Akoko.”
Recently Acquired Akoko Historical Drilling Database
Hamak has exclusive access to a comprehensive geological database provided by CAA Mining, with whom Hamak holds the option to acquire a 100% interest in the Akoko gold project. This database covers exploration work and assays results from 2007 to 2016. However, it recently came to Hamak’s attention that further exploration work was undertaken at Akoko between 2016 and 2018, which included geochemical soil sampling (404 samples), reverse circulation drilling (77 holes for 6,270m) and diamond drilling (9 holes for 1,072m). Hamak has acquired this dataset for a nominal amount and this data has brought a significant amount of new data which can be integrated into our geological modelled.
The drilling data provides assay results for several new areas in the upper oxide levels, beyond the known gold mineralization that the first database provided. Significant intercepts from the new drilling data are shown in Table 1, and include;
o 21.40g/t Au over 2m from 27m depth
o 15.44g/t Au over 12m from 42m depth
o 8.99g/t Au over 7m from 42m depth
o 1.75g/t Au over 5m from 54m depth
o 1.59g/t Au over 11m from 39m depth
o 1.48g/t Au over 8m from 19m depth
o 1.26g/t Au over 8m from 26m depth
o 1.1g/t Au over 15m from surface
o 1.01g/t Au over 34m from 9m depth
Of particular interest is diamond drill hole ANDD17-004 with a reported intercept of 15.44g/t Au over 12m (from 42m depth). This hole also reportedly intersected sulphide mineralisation which may potentially be a primary and deeper source for the oxide gold mineralisation at Akoko. This interpretation requires further investigation with follow up drilling by Hamak’s field team being planned.
Current RC Drilling Programme
Drilling to date has been focussed on the Akoko North area, combining resource confirmation and condemnation drilling, where a total of 29 holes for 1,806 metres have been drilled to date.
Further Drill Assay Results
Assay results have been received for a further seven holes, which includes five holes for resource condemnation which were outside of the known mineralized areas (designed to sterilise these areas for locating future mining infrastructure). The best intercept from the latest batch of results was 2.07g/t over 4m from 33m (Table 2). Further drill samples are currently in the laboratory for assay and will be reported in due course.
Table 1: Key Drill Hole and Assay Information from the Historical Database
Table 2: Current 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.
Dr. Colin J. Andrew, as Hamak’s independent Qualified Person has checked and verified the new data disclosed including sampling, analytical, and test data underlying the information contained in this news release. This data verification included a review of all Standard Operating Procedures that the operating Company conducted, a detailed review of all QA/QC results and of the original laboratory analysis sheets. All analyses were carried out by Intertek Minerals Limited, Tarkwa, Ghana, a SANAS testing laboratory with full international accreditation. After sample prep and QA sizing to -75um all analyses were conducted by Fire Assay (FA51 – 50g digest with no matrix issues with AAS finish) and included the random insertion of field blanks, prep blanks, laboratory standards and certificated reference materials. No material flaws were detected during the data verification exercise
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.