Hamak reports strong gold exploration results in Liberia
LSE-listed Hamak Gold has announced positive gold exploration results from the first grid block soil sampling at its 985.60 km2 Nimba licence, which is located in northern Liberia, 25 km west of competitor Endeavour Mining’s three-million-ounce Ity gold mine complex in neighbouring Côte d’Ivoire and 120 km to the northeast of Hamak’s Gozohn licence.
The company revealed on June 21 that an analysis of 839 soil samples from Nimba Block 1 returned positive gold results with values up to 1.52 ppm.
Moreover, the company discovered two strong anomalies with five sample peaks of more than 1 ppm, which were supported by additional anomalous values to generate coherent anomalies over two well-defined areas. These areas are open-ended to the northeast and southwest.
Hamak noted that active artisanal gold diggings were present downstream of the gold anomalies, which are associated with topographic highs.
Trenching and channel sampling is planned to target bedrock gold anomalies, while further soil sampling from Nimba Block 1 and Block 2 has been completed. The results from this are expected soon.
“These anomalies will now be prioritised for detailed follow-up through trenching to identify the potential bedrock sources of the gold anomalies,” Hamak executive director Karl Smithson said, adding that exploration work was ongoing throughout the high-priority areas of both the Nimba and Gozohn licences.
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