Hamak Strategy (LSE: HAMA) (OTCQB: HASTF) has reported its latest drill results from its Akoko Gold Project in Ghana. The highlight of the latest results returned 3.42g/t Au over 23 meters from just 15 meters depth. This suggests the gold-bearing oxide zone extends further east than the previously mapped mineralized footprint. For an early-stage explorer, that spatial confirmation suggests the mineralized footprint may be larger than drilling has so far defined. This news follows high-grade historical drilling intersections showing mineralized oxide zones near surface in multiple target areas at Akoko1.
The shallow entry point reinforces something that tends to get underweighted in early-stage drill releases. Shallow ore means less waste rock to remove before mining can begin, which keeps costs lower and project economics more attractive. Oxide mineralization at 15 to 35 meters from surface suggests a potential open-pit geometry that is operationally straightforward by regional standards. That does not confirm viability, but it does reduce one of the more common technical risks in early West African gold exploration.
The broader programme context adds weight to the result. Akoko North is now complete at 39 holes and 2,280 meters, and the rig is mobilizing to Akoko South where 36 RC holes for 1,940 meters are planned. That sequencing suggests management considers the North area adequately drilled for this phase, consistent with a project progressing toward a more defined dataset ahead of any future resource estimation.
#Key Drilling Data from the Akoko RC Campaign
Hamak Strategy released Reverse Circulation (RC) drilling results from the Akoko oxide gold project in southwest Ghana on June 15, 2026. The results covered four additional shallow drill holes representing 141 meters of drilling.
Hole 2026-043 returned the headline intercept of 3.42g/t gold over 23 meters from 15 meters depth. Within that interval, two higher-grade zones were recorded: 24.01g/t gold over 1 meter from 20 meters, and 6.30g/t gold over 2 meters from 33 meters. All intercepts are reported from the upper oxide zone.
The total Akoko North drill programme has now reached 39 RC holes for 2,280 meters. Drilling on Akoko North is confirmed complete. The drill rig is being mobilized to the Akoko South licence area, where 36 RC holes for 1,940 meters are planned. The release notes that programme execution at Akoko South is subject to accessibility constraints due to increasing heavy rainfall in the region.
The company previously reported assay results from the first four RC drill holes at its Akoko oxide gold project in southwest Ghana, including an intersection of 29.53 g/t gold over 4 metres.
Karl Smithson, CEO and Executive Director, commented:
“High-grade intersections continue to be made near surface in the Akoko North area, with hole 2026-043 returning very encouraging results of 3.42g/t Au over 23m from 15m. In this wide section higher grade intervals of 24.01g/t Au over 1m and 6.30g/t Au over 2m were intersected. Notably, this hole has also proven that gold mineralization continues eastward beyond the previously known mineralised area.
“Drilling of the Akoko North prospect is now complete and the rig is being mobilised to Akoko South. We will continue to provide updates as and when further results become available.”
#Material Points from the Release
Hole 2026-043 returned 3.42g/t Au over 23 meters from just 15 meters depth, a shallow, wide intercept in the oxide zone
Higher-grade shoots of 24.01g/t over 1m and 6.30g/t over 2m confirm internal grade variability within the broader zone
The intersection demonstrates eastward continuation of mineralization beyond the previously mapped area, expanding the known footprint
Akoko North drilling is now complete: 39 holes for 2,280 meters in total
The rig is mobilizing to Akoko South for 36 planned RC holes covering 1,940 meters
#Strategic Takeaways for Investors
The capital efficiency angle is worth examining. RC drilling in West African oxide environments tends to be among the lower-cost methods available to junior explorers, and shallow programmes of this scale can be executed on relatively modest budgets. That means exploration spending at Akoko is producing real physical data from depths where open-pit extraction would be economically plausible, assuming grades hold and geometry is confirmed. Investors watching capital discipline should track whether the Akoko South programme is delivered within a comparable cost envelope to North.
The scalability question hinges on what Akoko South returns. The North campaign has built a meaningful base of 39 holes, and the eastward extension confirmed by hole 2026-043 suggests the deposit boundary has not yet been closed in that direction. If Akoko South yields comparable widths and grades, the combined dataset would provide a stronger foundation for any future resource estimation work than either area alone.
Investors should also weigh the company's dual-mandate structure. Hamak operates both a gold exploration programme and a Bitcoin treasury management strategy, two activities that carry structurally different risk profiles. Beyond that, the key thing to watch is assay results from Akoko South. A positive outcome there would bring the project meaningfully closer to the dataset required for any future resource estimation work.
#About Hamak Strategy
Hamak Strategy Limited (LSE: HAMA) (OTCQB: HASTF) is a gold exploration and development company focused on advancing early-stage gold assets in West Africa. The Company currently operates a portfolio of projects in Ghana and Liberia, with additional exposure to treasury strategy that includes holding physical gold and Bitcoin. The company recently published its audited financial results for the period ended 31 December 2025.
#FAQs for Retail Investors
#What does 3.42g/t Au over 23m mean for the Akoko project?
It is a drill intercept reporting an average gold grade of 3.42 grams per tonne across a 23-meter interval starting at 15 meters depth. The result is from the oxide zone, which is typically near-surface and more amenable to lower-cost processing methods. It does not represent a resource estimate or confirmed mineable tonnage.
#Has Hamak published a mineral resource estimate for Akoko?
No. All results to date are exploration-stage drill results. A formal resource estimate would require additional drilling, technical studies, and reporting under a recognized standard such as JORC or NI 43-101. No timeline for resource publication has been announced.
#What is the significance of mineralization extending eastward?
The extension beyond the previously known mineralized area suggests the deposit boundary has not yet been fully defined to the east. This could indicate additional drill-ready targets and a potentially larger footprint than initially modeled, though this requires further drilling to confirm.
#Why does Hamak also hold Bitcoin, and what does that mean for investors?
Hamak's treasury strategy includes holding Bitcoin and other cryptocurrencies alongside its exploration activities. Investors in Hamak shares have indirect exposure to cryptocurrency volatility in addition to standard mineral exploration risk.