Business
Drilling Intersects 29.53 g/t over 4m at Akoko
Hamak Strategy Limited has announced encouraging assay results from the first four holes of its 72-hole reverse circulation drill program at the Akoko oxide gold project in Ghana, with notable intersections including 29.53 g/t gold over 4m from 7m and 6m at 3.15 g/t gold from 64m. These results support the company's geological model of wide, near-surface gold mineralization potentially amenable to open-pit mining, as part of a 4,125m program designed to refine a previously estimated 252,000 ounces of gold into a compliant resource estimate. Disclaimer*
About this update from Hamak Strategy Limited
[{"type":"text","content":"\n\n \n \n NOT 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.\n \n11 May 2026\n \nHamak Strategy Limited\n(\"Hamak\" or the \"Company\")\n \n Drilling Intersects 29.53 g/t over 4m at Akoko Gold Project in Ghana\n \nHamak Strategy Limited (LSE: HAMA / OTCQB: HASTF), a Company combining traditional gold exploration in West Africa with a Digital Asset Treasury Management strategy, is pleased to announce that it has received the first batch of assay results, comprising 4 holes of the planned 72 hole 4,125m reverse circulation (\"RC\") drill programme at the Akoko oxide gold project in southwest Ghana.\n \nHighlights\n· Assays received for the first 4 drill holes at Akoko gold project in southwest Ghana;\n· Intersections include 29.53g/t gold over 4m from 7m and 6m at 3.15g/t Au from 64m;\n· Results support geological model of wide, near surface gold mineralized horizons;\n· RC programme ongoing with a total of 72 holes for 4,125m planned.\n \nCEO and Executive Director Karl Smithson commented:\n\"Drilling at Akoko has got off to an excellent start with highly encouraging gold intersections returned from the first 4 RC holes received to date. Results include 29.53g/t Au over 4m and 3.15g/t over 6m and more broadly support our geological model of wide and near surface gold mineralized oxide zone which may be amenable to open pit mining.\n \nThe 4,125m RC drill programme is progressing well, aided by the soft nature of the upper oxides being targeted and we expect to provide regular updates as the programme progresses and assay results are received.\"\n \nRC Drilling\nHamak is undertaking an initial 72 hole, 4,125m RC drilling programme over the Akoko gold project. The programme has been designed to provide confirmatory and infill information to support the conversion of a previously calculated near surface gold mineralization estimate of 252,000 ounces into an industry compliant min...