Drilling Hits 3.42g/t over 23m at Akoko Project

By ValueTheMarkets

Jun 16, 2026

4 min read

Hamak Strategy Limited (LSE: HAMA / OTCQB: HASTF) announces further high-grade Reverse Circulation (“RC”) drilling results from the Akoko oxide gold project in southwest Ghana.

Hamak Strategy Limited (LSE: HAMA / OTCQB: HASTF), a Company combining advanced gold exploration in West Africa with a Digital Asset Treasury Management strategy, announces further high-grade Reverse Circulation (“RC”) drilling results from the Akoko oxide gold project in southwest Ghana.

Highlights

  • Gold assays for a further four shallow drill holes for a total of 141m at Akoko project

  • Results include near surface, high-grade oxide gold intercepts from Akoko North of:

    • 3.42g/t Au over 23m from 15m depth, including

    • 24.01g/t Au over 1m from 20m; and

    • 6.30g/t Au over 2m from 33m

  • 39 RC drill holes for 2,280m completed to date

  • Drilling continuing with 36 holes for 1,940m planned for the Akoko South prospect 

CEO and Executive Director Karl Smithson 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.”

RC Drilling Programme

Drilling has now been completed on the Akoko North area, combining resource confirmation as well as condemnation drilling, with a total of 39 holes for 2,280 metres drilled. The drill rig is being mobilised to commence drilling in the Akoko South licence where 36 RC holes for 1,940 m are planned, depending on accessibility due to increasing heavy rainfall in the region.

RC Drilling Assay Results

Assays have been received for a further four holes from 141m of drilling, with wide, high-grade gold intercepts recorded in the upper oxide zones of hole 2026-043. These include 3.42g/t Au over 23m from 15m depth, including higher-grade zones of 24.01g/t Au over 1m and 6.30g/t Au over 2m (Table 1).

Figure 1: Location of Akoko North Drill Holes Showing Some Recent Assay Results

A close-up of a document AI-generated content may be incorrect.

Table 1: Drill Hole and Assay Information

A table of numbers and numbers AI-generated content may be incorrect.

Analytical and QA/QC

See the Company’s announcement of 11 May 2026 for the full analytical AQ/QC process.

Qualified Person

The technical information in this announcement, that relates to exploration results, is based on information reviewed by Hamak Strategy’s retained consultant Dr Colin Andrew, who is an independent Consulting Economic Geologist, and graduate of Imperial College London and the Royal School of Mines and is a Member of the Institute of Materials, Minerals and Mining, a Fellow of the Geological Society of London, a Member of the Society of Economic Geologists, and a registered Chartered Engineer with the Engineering Council. Colin Andrew has over forty years of diverse mining industry experience, relevant to the nature of exploration, the style of mineralization and type of deposit under consideration and to the activity that he is reviewing, to qualify as a an “Independent Qualified Person” as such term is defined in NI 43-101.

For the purposes of UK MAR, the person responsible for arranging release of this announcement on behalf of Hamak is Karl Smithson, CEO and Executive Director.

For further information on Hamak you are invited to view the company's website at https://hamakstrategy.com/ or please contact:

Hamak Strategy Limited

Karl Smithson, CEO and Executive Director

Mike Murphy, CSO and Executive Director

 

 

[email protected]

[email protected]

AlbR Capital Limited (Corporate Broker)

+44 (0) 20 7469 0930

Yellow Jersey PR

Annabelle Wills

+44 (0) 20 3004 9512

 

About Hamak Strategy Limited

Hamak Strategy Limited (LSE: HAMA / OTCQB: HASTF) is a UK listed company focussed on gold exploration in Africa and with a strategy of pursuing an appropriate and compliant BTC / crypto treasury management policy.

Important Notice

The Company maintains some of its treasury reserves and surplus cash in Bitcoin, a form of cryptocurrency. The Company is not authorised or regulated by The Financial Conduct Authority (FCA) and Bitcoin investments are generally not subject to regulation by the FCA or otherwise in the United Kingdom. Neither the Company nor investors in the Company's shares are protected by the UK's Financial Ombudsman Service or the Financial Services Compensation Scheme.

However, the FCA considers Bitcoin investments to be high-risk. The value of Bitcoin can go up as well as down, leading to fluctuations in the value of the Company's Bitcoin holdings, and the Company may not be able to realise its Bitcoin holdings for the same amount it paid to acquire them, or even for the value the Company currently attributes to its Bitcoin positions.

The Company's Board of Directors have identified the following risks in relation to the holding of Bitcoin, which are not exhaustive:

  • The value of Bitcoin can be highly volatile, with its value falling as quickly as it rises. Investors in Bitcoin must be prepared to lose all money invested.

  • The Bitcoin market is largely unregulated. There is a risk of losing money due to factors such as cyber-attacks, financial crime, and counterparty failure.

  • The Company may not be able to sell its Bitcoin at will. The ability to sell Bitcoin depends on various factors, including the supply and demand in the market at the relevant time. Operational failings such as technology outages, cyber-attacks, and comingling of funds could cause unwanted delays.

  • Cryptoassets carry a perception of fraud, money laundering, and financial crime.

An investment in the Company is not an investment in Bitcoin itself, but prospective investors in the Company are encouraged to conduct their own research before investing and should be aware that they will have indirect exposure to the high-risk nature of cryptoassets, including their volatility, and could therefore sustain large or total losses of their investment.

 

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