#Shallow Gold Intercepts Suggest Larger Akoko Resource Potential
Hamak Strategy (LSE: HAMA) (OTCQB: HASTF) has released high-grade historical drilling intersections at its Akoko Gold Project in Ghana, and the data suggests that near-surface gold mineralization at the project is richer and more extensive than previously understood. The acquisition of a previously unavailable 2016-2018 drilling and soil sampling dataset significantly expands the geological picture, reinforcing the company’s interpretation of a shallow oxide gold horizon with characteristics commonly associated with open-pit exploration targets.
The significance lies less in the isolated headline grades and more in the distribution and depth profile of the mineralization. Multiple intersections were identified within 50 meters of surface, which implies lower stripping requirements and potentially simpler open-pit economics if continuity can be confirmed through validation drilling. This type of shallow mineralization can materially reduce future development complexity and shorten potential project timelines.
The addition of reverse circulation and diamond drilling data expands the project’s geological coverage and suggests the company is building a more comprehensive understanding of mineralization at Akoko. Management’s indication that sulphide mineralization may represent a deeper source for the oxide mineralization highlights the possibility of a larger mineralized structure beneath the oxide zone, which could expand the project’s long-term scale potential if follow-up drilling confirms the interpretation.
#Historical Database Adds 86 Drill Holes Across Akoko Project
Hamak recently acquired a drilling and geochemical database covering exploration work conducted at the Akoko Gold Project in southwest Ghana between 2016 and 2018. This dataset includes 77 Reverse Circulation (RC) holes totaling 6,270 meters and nine Diamond Drill (DD) holes totaling 1,072 meters, plus 404 geochemical soil samples. The data was acquired for a nominal consideration and was previously unavailable to Hamak, which already has exclusive access to a separate database covering 2007 to 2016 exploration from CAA Mining.
Reported historical drill intersections included 21.40g/t gold over 2 meters from 27 meters depth, 15.44g/t gold over 12 meters from 42 meters depth, and 8.99g/t gold over 7 meters from 42 meters depth. The company stated that high-grade intersections were typically located within 50 meters of the surface.
Current drilling activities have focused on the Akoko North area, where Hamak reported drilling 29 holes for a total of 1,806 meters. Additional assay results were received for seven holes, including five condemnation holes drilled outside known mineralized zones to assess areas potentially suitable for future mining infrastructure. The best intercept from this latest drilling batch was reported as 2.07g/t gold over 4 meters from 33 meters depth. Further samples remain in laboratory analysis.
The company stated that it intends to complete further drilling to validate the historical results before commissioning an independent Mineral Resource Estimate and Preliminary Economic Assessment. Analytical work was conducted by Intertek Minerals Limited in Tarkwa, Ghana using 50-gram fire assay methods with AAS finish and industry-standard QA/QC procedures.
CEO and Executive Director Karl Smithson commented:
We are thrilled to see such exceptional gold grades and wide intersections from the processing of historical drilling data which Hamak recently acquired for the Akoko Gold project in southwest Ghana.
#Material Points from the Release
Historical database adds 86 drill holes and 404 soil samples to Akoko exploration model
Multiple high-grade gold intersections identified near surface
Current drilling campaign has completed 29 holes totaling 1,806 meters
Follow-up drilling planned to validate historical assay results
Independent Mineral Resource Estimate and Preliminary Economic Assessment planned after drilling completion
Historical data acquisition was completed for a nominal amount
Possible sulphide source identified beneath oxide mineralization
#Strategic Takeaways for Investors
Hamak restructured its leadership team throughout 2025, improved its financial position, and expanded beyond its original Liberia-focused Nimba exploration strategy by introducing treasury exposure to Bitcoin and later physical gold in early 2026.
Its latest Akoko update strengthens the investment case around exploration scalability rather than immediate production economics. The shallow oxide profile could support lower-cost mining scenarios if continuity and tonnage are validated through additional drilling. The company’s use of acquired historical datasets also demonstrates a relatively capital-efficient exploration model, allowing management to expand geological coverage without relying entirely on new drilling expenditure.
Investors should closely monitor three execution factors next. First is the validation of historical drilling through modern QA/QC standards and confirmation drilling. Second is whether the deeper sulphide mineralization interpretation can support a larger system beyond the oxide horizon. Third is the transition from exploration success into a compliant resource estimate and economic assessment, which will determine whether the geological potential can translate into an investable development pathway.
#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 is the significance of the new historical database?
It adds 77 RC holes and 9 diamond drill holes drilled between 2016 and 2018 that were not previously available to Hamak. The data covers new areas of the Akoko license and supports a more complete geological model ahead of the formal JORC resource estimation process.
#What does the sulphide intersection mean for the project?
One diamond drill hole intersected sulphide mineralization at depth below the oxide zone. The company believes this could indicate a deeper primary gold source system. This interpretation requires further drilling to test and is not currently included in resource modeling.