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.

The 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.

"Today is a defining milestone for Hamak," said CEO Karl Smithson.

Verdant 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.

A 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.

"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.

The 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.

Reverse 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.

The 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.

The higher-grade results generally sit within 50 metres of surface, aligning with the explorer's expectations for a shallow oxide gold horizon at Akoko.

The 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.

A 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.