Hamak Strategy (LSE:HAMA) reported assays from the first four holes of its reverse circulation programme at the Akoko oxide gold project that include 29.53 g/t Au over 4m from 7m and 3.15 g/t Au over 6m from 64m.
The results support a geological model of wide, near-surface oxide-hosted gold mineralisation at Akoko, the project held by Hamak Strategy, a UK-listed company combining West African gold exploration with a digital asset treasury management strategy.
The 72-hole, 4,125m RC programme is designed to provide confirmatory and infill data to convert a previously calculated near-surface 252,000-ounce gold estimate into an industry-compliant mineral resource.
Sixteen holes (1,091m) have been completed to date in the north of the permit, all drilled at 50° east to planned depths of 50-80m, and 333 samples from the first four holes were submitted to SGS Laboratory Services in Tarkwa for 50 g fire assay with QA/QC protocols.
"Drilling at Akoko has got off to an excellent start with highly encouraging gold intersections returned from the first 4 RC holes," said Karl Smithson, CEO.
Drilling is ongoing and the company said it will provide regular updates as further assay results are received.
