Hamak reports strong gold exploration results in Liberia

Hamak Gold has announced strong gold exploration results in Liberia. The LSE-listed firm reported the results from first grid block soil sampling at its 985.60 km2 Nimba licence.

The 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.

Artisanal gold diggings

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 with results expected to be released soon.

“These anomalies will now be prioritised for detailed follow-up through trenching to identify the potential bedrock sources of the gold anomalies. Exploration work was ongoing throughout the high-priority areas of both the Nimba and Gozohn licences,” Hamak executive director Karl Smithson said.

Hamak Gold Limited (Hamak Gold) is a mining exploration and development company operating in Liberia, with two highly prospective gold Mineral Exploration Licences (MELs) that cover an area of 1,752 square kilometres. In addition, Hamak Gold holds an option to acquire a further five MEL’s covering an area of 3,213 square kilometres. Liberia is considered highly prospective for gold, and is a geologically similar jurisdiction to neighbouring gold producing countries such as Guinea, Côte d’Ivoire, Mali, Senegal, Burkina Faso and Ghana.

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