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Positive Gold Exploration Results in Nimba Licence
Positive Gold Exploration Results in Nimba Licence.
About this update from Hamak Strategy Limited
[{"type":"text","content":"\n \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 \n 21 June 2022\n \n Hamak Gold Limited\n \n (\"Hamak Gold\" or the \"Company\")\n \n Significant Positive Gold Exploration Results from Nimba Licence\n \n \n Follow the link to view the announcement in full including all figures: http://www.rns-pdf.londonstockexchange.com/rns/5398P_1-2022-6-20.pdf\n \n Hamak Gold Limited (LSE: HAMA) is pleased to announce positive gold exploration results from the first grid block soil sampling in its Nimba licence, which is located in the North of Liberia and 25 kilometres west of Endeavour Mining's Ity Gold Mine complex in neighbouring Cote d'Ivoire.\n \n Highlights\n \n \n ·\n \n Analysis of 839 soil samples from Nimba Block-1 returned strongly positive gold results with values up to 1.52 parts per million (\"ppm\")*\n \n \n \n ·\n \n Two strong anomalies with five sample peaks of >1ppm are supported by additional anomalous values to generate coherent anomalies over two well defined areas which are open ended to the north-east and south-west\n \n \n \n ·\n \n Active artisanal gold diggings are present downstream of the gold anomalies which are associated with topographic highs\n \n \n \n ·\n \n Trenching and channel sampling planned to target bedrock gold anomalies\n \n \n \n ·\n \n Further soil sampling completed from Nimba Block-1 and Block-2 with results expected shortly\n \n \n \n \n *\n 1ppm is equivalent to\n \n \n 1 grammes per tonne (\"g/t\")\n \n \n \n Karl Smithson, Executive Director of Hamak Gold commented:\n \n \n \"Our first soil sampling results from the systematic exploration programme in our Nimba licence have generated significant gold in soil anomalies over an extensive area that remains open ended in both directions. These anomalies will now be prioritised for detailed follow up through trenching to identify the potential bedrock sources of the gold anomalies. \n \n \n \"Exploration work continues throughout the high-priority areas of both the Nimba and Gozohn licences and we expect to announce further results from th...