Hamak Strategy sells 8 Bitcoin to fund Akoko gold study
The dual-strategy miner cashed in part of its treasury after a Bitcoin price rise, directing proceeds toward its Ghana gold project and debt reduction.
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The dual-strategy miner cashed in part of its treasury after a Bitcoin price rise, directing proceeds toward its Ghana gold project and debt reduction.
tickstock newsroomThe West Africa-focused explorer has appointed Snowden Optiro to run a Preliminary Economic Assessment on its Akoko oxide gold project in southwest Ghana, with findings due within three months.
tickstock newsroom"Today is a defining milestone for Hamak," said CEO Karl Smithson.
tickstock newsroomVerdant IMAP has subscribed £200,000 into Hamak Strategy and been appointed exclusive arranger for project financing at the company's Akoko gold asset in southwest Ghana.
tickstock newsroomA drill hole at the Akoko South prospect in Ghana returned 6.46 g/t gold over 4 metres, including 20 g/t over 1 metre, pointing to a deeper primary gold system beneath the shallow oxide mineralisation.
tickstock newsroom"The structure gives Hamak greater flexibility to focus capital on advancing Akoko, progressing our West African gold portfolio and continuing to develop our disciplined Bitcoin treasury strategy," said CEO Karl Smithson.
tickstock newsroomThe West Africa-focused explorer reported its best intercept yet from the Akoko North prospect in Ghana, with drilling now moving to a second target 13 kilometres south.
tickstock newsroomReverse circulation drilling at the Akoko oxide gold project in southwest Ghana returned a near-surface intercept of 3.42g/t Au over 23m, including higher-grade shoots, and extends mineralisation eastward of the known zone.
tickstock newsroomThe explorer said assays from seven additional RC holes at its Akoko oxide gold project returned 2.12g/t Au over 28m and 1.57g/t Au over 14m, reinforcing the near‑surface oxide model.
tickstock newsroomThe higher-grade results generally sit within 50 metres of surface, aligning with the explorer's expectations for a shallow oxide gold horizon at Akoko.
tickstock newsroomThe explorer reported a high-grade intercept of 29.53 g/t gold over 4m from the first four RC holes at its Akoko oxide gold project in southwest Ghana.
tickstock newsroomA team has mobilised to drill 72 RC holes targeting the upper 80m of oxide gold across Akoko North and South, with results to feed a maiden JORC mineral resource and a preliminary economic assessment.
tickstock newsroom
The subsurface data specialist reported growing recurring revenue and a strengthening order book, with fresh contract wins supporting confidence in meeting full-year expectations.