Hamak Strategy Limited (LON: HAMA) has reported further encouraging drilling results from its Akoko Gold Project in Ghana, with new shallow oxide gold intercepts continuing to support the project’s near-surface resource potential.
The latest assay results cover seven reverse circulation (RC) drill holes totalling 405 metres and form part of the company’s ongoing resource definition and validation programme at the Akoko North prospect.
Among the standout intersections was 28 metres grading 2.12 grams per tonne gold from just 3 metres depth, including a higher-grade section of 10 metres at 4.41g/t gold. Another notable result returned 14 metres at 1.57g/t gold from 16 metres depth, incorporating intervals of 3 metres at 3.15g/t gold and 4 metres at 2.34g/t gold.
The results continue to demonstrate broad zones of near-surface oxide mineralisation, which management believes could offer favourable mining characteristics should the project advance to development.
Hamak said the latest drilling further validates its geological model for the Akoko North area, where exploration has been focused on defining the extent and continuity of shallow gold mineralisation.
To date, assay results have now been received for 29 of the planned 38-hole drilling programme, with the remaining results expected in due course.
The latest results follow the company’s recent announcement highlighting historical drilling data that included high-grade intercepts such as 15.44g/t gold over 12 metres, 8.99g/t over 7 metres and 21.40g/t over 2 metres, reinforcing confidence in the broader potential of the Akoko project.
Chief executive Karl Smithson has previously indicated that, once drilling is complete and all assay results have been received, Hamak intends to commission an independent Mineral Resource Estimate and Preliminary Economic Assessment to evaluate the project’s economic potential.
With drilling continuing and further results pending, investors will be watching closely for evidence that Akoko can support a maiden resource capable of establishing the project as a significant emerging gold asset in Ghana.
