Hamak Strategy Limited (LON: HAMA) has acquired a new historical exploration database for its Akoko Gold Project in Ghana, revealing multiple high-grade gold intersections that could materially enhance the company’s understanding of the scale and continuity of mineralisation across the project.
The newly obtained drilling and geochemical data include standout historical intercepts of 15.44 grams per tonne gold over 12 metres, 8.99g/t over 7 metres and 21.40g/t over 2 metres, with much of the identified mineralisation located within 50 metres of surface.
Management said the shallow nature of the mineralisation could prove significant for future development potential, subject to validation and further exploration work.
The company plans follow-up drilling to verify the historical results and incorporate them into a broader geological model for the Akoko project.
Recent drilling by Hamak has focused on resource confirmation and condemnation activities, with assay results from seven additional holes returning a best intersection of 2.07g/t gold over 4 metres.
Chief executive Karl Smithson said the historical data has delivered “exceptional gold grades and wide intersections” that could significantly improve understanding of the extent of mineralisation at Akoko.
Smithson added that, once the current drilling campaign is completed and all assay results are received, the company intends to commission an independent Mineral Resource Estimate alongside a Preliminary Economic Assessment for the project.
