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Drill Targets Identified by Geophysical Survey
Drill Targets Identified by Geophysical Survey.
About this update from Hamak Strategy Limited
[{"type":"text","content":"\n\n\n\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES, ANY TERRITORY OR POSSESSION THEREOF OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.\n10 May 2023\nHamak Gold Limited\n(\"Hamak Gold\" or the \"Company\")\nHigh Priority Drill Targets Identified by Geophysical Survey\nHamak Gold Limited (LSE: HAMA) is pleased to announce that it has received the report and interpretation of the geophysical Induced Polarisation (\"IP\") survey conducted over the high-grade Ziatoyah gold discovery on the Company's Nimba licence in northern Liberia.\nHighlights\n· Consulting group GeoFocus conducted the detailed Induced Polarisation (\"IP\") geophysical survey\n \n· 21 line kilometres of survey successfully completed over the high-grade Ziatoyah gold discovery and northern gold insoil anomaly\n \n· The survey has identified strong geophysical anomalies which are coincident with the high-grade Ziatoyah gold discovery and gold in soil anomalies\n \n· Priority drill targets have been identified to test these geophysical anomalies and to identify extensions of the gold mineralisation encountered in the first drill hole at Ziatoyah which intersected 20m @7g/t Au\n \nKarl Smithson, Executive Director of Hamak Gold commented: \n\"We are extremely encouraged with the results the geophysical survey which has generated strong IP anomalies that are believed to be associated with the high-grade gold discovery at Ziatoyah and with the gold in soil anomalies. After detailed review of the results, we have identified several high priority drill targets to test these anomalies and determine whether they represent extensions of the gold mineralization intersected at Ziatoyah.\"\n Geophysical Survey and Results\nSouth African based geophysical consultancy group GeoFocus (Pty) Ltd. conducted the IP survey. A total of 21 line kilometers (\"km\") of survey were run along traverses varying from 800 metres (\"m\") to 1,200m with line spacings of 100m and 200m. These lines were chosen to cover the Ziatoyah gold discovery in the vicinity of the signific...