Further Excellent Drilling Results Received
Summary by AI BETAClose X
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN OR INTO AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA, THE UNITED STATES, ANY TERRITORY OR POSSESSION THEREOF OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
22 June 2026
Hamak Strategy Limited
("Hamak" or the "Company")
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
Table 1: Drill Hole and Assay Information
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:
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Hamak Strategy Limited Karl Smithson, CEO and Executive Director Mike Murphy, CSO and Executive Director
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AlbR Capital Limited (Corporate Broker) |
+44 (0) 20 7469 0930 |
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Yellow Jersey PR Annabelle Wills |
+44 (0) 20 3004 9512
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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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