Hamak Strategy: Further Excellent Drilling Results Received

By ValueTheMarkets

Jun 22, 2026

4 min read

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

#Further Excellent Drilling Results Received for the Akoko Oxide Gold Project in 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 excellent Reverse Circulation ("RC") drilling results from the Akoko oxide gold project in southwest Ghana.

Highlights

·    Near surface, high-grade oxide gold RC drilling intercepts from Akoko North prospect

·    1.61g/t Au over 44m from 5m, including 2.24g/t Au over 27m from 9m

·    Results for a further 5 holes for 236m, with 39 holes for 2,310m completed to date

·    Drilling is continuing at the Akoko South prospect with 35 holes for 1,900m remaining

CEO and Executive Director Karl Smithson commented:

"Results from the final RC drill holes at the Akoko North prospect are very encouraging. Hole 2026-086 intersected a wide zone of 1.61g/t Au over 44m from just 5m depth. This wide mineralized zone includes a higher-grade section of 2.24g/t Au over 27m from 9m depth. The drilling results from Akoko North will be incorporated into a future independent Mineral Resource Estimate and Preliminary Economic Assessment for the Akoko gold project.

"In the meantime, drilling has already commenced at the Akoko South prospect, approximately 13km south of Akoko North. Results from this programme will be announced when they become available."

RC Drilling Programme

Drilling has commenced on the Akoko South prospect, approximately 13km south of the Akoko north prospect. A total of 39 holes for 2,310 metres have been drilled on the Akoko project by Hamak to date with 35 holes for 1,900m currently remaining at Akoko South, subject to access and ground conditions during the current rainy season.

RC Drilling Assay Results

Assays have been received for a further five holes for 236m of RC drilling at the Akoko North prospect. Near-surface gold mineralized zones have been intersected, with hole 2026-086 returning 44m at 1.61g/t Au starting 5m below surface, including a higher-grade zone of 2.42g/t Au over 27m from 9m depth, which includes 4.71g.t Au over 7m form 19m depth. These results continue to show the continuity of gold mineralization across the extensive Akoko North geochemical anomaly (Figure 1).

Figure 1: Akoko North Drill Holes and Assay Results

A diagram of a graph 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.

Related Articles:

Explore more on these topics:

Metals and Mining Gold Materials

Important Notice And Disclaimer

PAID ADVERTISEMENT

This communication is a paid advertisement. ValueTheMarkets is a trading name of Digitonic Ltd, and its owners, directors, officers, employees, affiliates, agents and assigns (collectively the “Publisher”) is often paid by one or more of the profiled companies or a third party to disseminate these types of communications. In this case, the Publisher has been compensated by Hamak Strategy Ltd to conduct investor awareness advertising and marketing and has paid the Publisher the equivalent of eleven thousand twenty-five British pounds starting April 7th, 2026 to July 6th, 2026 to produce and disseminate this and other similar articles and certain related banner advertisements. This compensation should be viewed as a major conflict with the Publisher’s ability to provide unbiased information or opinion.

CHANGES IN SHARE TRADING AND PRICE

Readers should beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you receive this communication, which has the potential to adversely affect share prices. Frequently, companies profiled in our articles experience a large increase in share trading volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases. The investor awareness marketing may be as brief as one day, after which a large decrease in share trading volume and share price may likely occur.

NO OFFER TO SELL OR BUY SECURITIES

This communication is not, and should not be construed to be, an offer to sell or a solicitation of an offer to buy any security.

INFORMATION

Neither this communication nor the Publisher purport to provide a complete analysis of any company or its financial position. This communication is based on information that is publicly available and on information provided by the company or its authorised representatives. It does not contain any material, non-public information. While the information contained in these materials is believed to be accurate and reliable, the Company, its affiliates, nor their respective members, owners, partners, principals, managers, employees, agents or representatives makes any warranty or representation, whether express or implied, or assumes any legal liability for the accuracy or completeness of any information contained in these materials. Certain information contained herein is based on data provided by third-party sources and, although believed to be reliable, has not been independently verified and its accuracy or completeness cannot be guaranteed and should not be relied upon as such. The financial information contained herein has not been audited and is not necessarily indicative of future results. Further, the Publisher does not guarantee the accuracy or completeness of the information. The information in this communication is not updated after publication and may become inaccurate or outdated. Any statements made should not be taken as an endorsement of analyst views.

NO FINANCIAL ADVICE

The Publisher is not, and does not purport to be, a broker-dealer or registered investment adviser or a financial adviser. The Publisher has no access to non-public information about publicly traded companies. The information provided is general and impersonal, and is not tailored to any particular individual’s financial situation or investment objective(s) and this communication is not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor or a personal recommendation to deal or invest in any particular company or product. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the company. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the advertised company’s SEC, SEDAR+ and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk. Past performance does not guarantee future results.

FORWARD LOOKING STATEMENTS

This communication contains forward-looking statements, including statements regarding expected continual growth of the featured companies and/or industry. Statements in this communication that look forward in time, which include everything other than historical information, are based on assumptions and estimates by our content providers and involve risks and uncertainties that may affect the profiled company’s actual results of operations. These statements are not guarantees of future performance and undue reliance should not be placed on them. These statements involve known and unknown risks, uncertainties and other important factors that could cause the actual results and performance to differ materially from any future results or performance expressed or implied in the forward-looking statements. These risks, uncertainties and other factors include, among others: the success of the profiled company’s operations; the size and growth of the market for the company’s products and services; the company’s ability to fund its capital requirements in the near term and long term; pricing pressures; changes in business strategy, practices or customer relationships; general worldwide economic and business conditions; currency exchange and interest rate fluctuations; government, statutory, regulatory or administrative initiatives affecting the company’s business. The Company nor the Publisher undertakes any obligation to update forward-looking statements if circumstances or estimates or opinions should change.

INDEMNIFICATION/RELEASE OF LIABILITY

By reading this communication, you acknowledge that you have read and understand this disclaimer in full, and agree and accept that the Publisher and the Company provide no warranty in respect of the communication or the profiled company and accepts no liability whatsoever. You acknowledge and accept this disclaimer and that, to the greatest extent permitted under applicable law, you release and hold harmless the Publisher and the Company from any and all liability, damages, injury and adverse consequences arising from your use of this communication. You further agree that you are solely responsible for any financial outcome related to or arising from your investment decisions.

TERMS OF USE AND DISCLAIMER

By reading this communication you agree that you have reviewed and fully agree to the Terms of Use found here https://www.valuethemarkets.com/terms-conditions/ and acknowledge that you have reviewed the Disclaimer found here https://www.valuethemarkets.com/disclaimer/. If you do not agree to the Terms of Use, please contact valuethemarkets.com to discontinue receiving future communications.

INTELLECTUAL PROPERTY

All trademarks used in this communication are the property of their respective trademark holders. Other than valuethemarkets.com, the Publisher is not affiliated, connected, or associated with, and the communication is not sponsored, approved, or originated by, the trademark holders unless otherwise stated. No claim is made by the Publisher to any rights in any third-party trademarks other than valuethemarkets.com.

AUTHORS: VALUETHEMARKETS

valuethemarkets.com and Digitonic Ltd and our affiliates are not responsible for the content or accuracy of this article. The information included in this article is based solely on information provided by the company or companies mentioned above. This article does not provide any financial advice and is not a recommendation to deal in any securities or product. News and research are not recommendations to invest in the Company, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance. ValueTheMarkets does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the above piece. ValueTheMarkets have been paid to produce this piece by the company or companies mentioned above. Digitonic Ltd, the owner of valuethemarkets.com, has been paid for the production of this piece by the company or companies mentioned above.