REG - Hamak Gold Limited - Updated Presentation and Exploration at Nimba

Hamak GoldAnnouncement

28/05/2024 07:00

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RNS Number : 9575P  Hamak Gold Limited  28 May 2024

 

 

 

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28 May 2024

Hamak Gold Limited

("Hamak Gold" or the "Company")

Updated Corporate Presentation and Exploration at Nimba

Hamak Gold Limited (LSE: HAMA) is pleased to announce that it has updated its
corporate presentation and uploaded it to its website at https://hamakgold.com
(https://hamakgold.com/presentations/) .

The Company further announces that it has commenced the next phase of
exploration work at its high-grade Ziatoyah gold discovery in the Nimba permit
in northern Liberia. Work will follow the recommendations of its independent
consulting geologist Dr Colin Andrew. This will include detailed field and
structural mapping, rock chip sampling and trenching aimed at determining the
next sequence of drill holes to follow the continuation of the wide
mineralised gold intersection discovered at Ziatoyah into the strong gold in
soil anomaly that extends along a 5.7km x 1km northeast trending zone, where
numerous peak values of over 1,000 ppb ("parts per billion") are recorded.

Karl Smithson, Executive Director of Hamak Gold commented:

"This structured exploration programme is the next step in further evaluating
the continuity and structural control of the gold mineralisation so far
discovered at Ziatoyah, including a best intersection of 20m @ 7g/t Au. within
the northeast trending extensive gold in soil anomaly, the majority of which
is yet to be tested. The aim of this work is to enable planning of the next
sequence of drill holes in the exploration programme."

Figure 1: Location of Nimba Permit

 

 

Figure 2: Ziatoyah Discovery Area in the Nimba Permit

 

 

Figure 3: Ziatoyah Discovery Showing Extensive Gold in Soil Anomaly and
Location of Drill Holes

 

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

For further information you are invited to view the Company's website at
www.hamakgold.com or please contact:

 Hamak Gold Limited

 Amara Kamara                         +231 (0) 77 005 0005

 Karl Smithson                        +44 (0) 77 837 07971
 Peterhouse Capital Limited (Broker)  +44 (0) 20 7469 0930

 Lucy Williams

 Guy Miller

 Yellow Jersey PR                     +44 (0) 20 3004 9512

 Charles Goodwin

 Annabelle Wills

 

About Hamak Gold Limited

 

Hamak Gold Limited (LSE: HAMA) is a UK listed company focussed on gold
exploration of a portfolio of licences in highly prospective areas of Liberia,
where significant drilling results have identified a new high-grade gold
discovery with the discovery hole returning 20m @ 7g/t Au near surface in its
Nimba licence on the border with Ivory Coast which is located in proximity to
the commercial Ity Gold Mine.

 

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