Further High-Grade Drilling Results from Akoko
Summary by AI BETAClose X
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4 June 2026
Hamak Strategy Limited
("Hamak" or the "Company")
Further High-Grade Drilling Results from Akoko 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 high-grade Reverse Circulation ("RC") drilling results from the Akoko oxide gold project in southwest Ghana.
Highlights
· Gold assays received for a further 7 shallow drill holes totalling 405m at Akoko
· Results include near surface, high-grade oxide gold intercepts of:
o 2.12g/t Au over 28m from 3m depth, including
§ 4.41g/t Au over 10m from 14m
o 1.57g/t Au over 14m from 16m depth, including
§ 3.15g/t over 3m from 19m depth, and
§ 2.34g/t Au over 4m from 26m depth
· Results continue to confirm geological model of near surface, oxide gold horizons
· Assay results from 29 of planed 38 holes at Akoko North received and reported to date
CEO and Executive Director Karl Smithson commented:
"Results from our drilling programme at the Akoko gold project continue to be very encouraging. The latest batch include further high-grade intersections that validate the geological model of near-surface oxide gold mineralization in the northern area of the Akoko licence. In particular, wide zones of 28m at 2.12g/t Au from 3m and 14m at 1.57g/t Au from 16m, are highly encouraging. Further drilling results will be announced as the programme continues."
Current RC Drilling Programme
Drilling to date has been focussed on the Akoko North area, combining resource confirmation as well as condemnation drilling, with a total of 33 holes for 1,947 metres drilled to date. A further seven holes remain to be drilled in Akoko North before the drill rig is 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 seven holes from 405m of drilling, which have yielded notably wide, high-grade oxide gold intercepts, as shown in Table 1. These include 2.12g/t Au over 28m from 3m depth (hole 2026-021) and 1.57g/t Au over 14m from 16m depth (2026-051) respectively. These holes yielded higher-grade zones, including 4.41g/t over 10m in hole 2026-021 and 3.15g/t Au over 3m and 2.34g/t Au over 4m in hole 2026-051 (Figure 1).
Figure 1: Location of Akoko North Drill Holes
Table 1: Drill Hole and Assay Information
Schematic Drill Sections
The following two sections demonstrate the consistency of assay results from the current drilling programme, with the gold mineralized zones and block model as generated by interpretation of historical drilling results
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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