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Hamak Strategy Ltd - Africa-focused gold exploration firm and digital asset treasury manager announces the first drilling results from its joint venture with First Au Ltd on its 65% owned Nimba gold project. Results show Hole FADD25-001 intersected a wide mineralised zone of 29 metres at 0.97 grams per tonne of gold from 49 metres to 78 metres. This includes 23 metres at 1.15 grams per tonne of gold from 49 metres to 72 metres depth, with individual high-grade intersections of 4.1 grams per tonne of gold, 3.1 grams per tonne of gold, 2.7 grams per tonne of gold, 2.3 grams per tonne of gold and 2.0 grams per tonne of gold. A deeper intersection also yielded 8 metres at 2.55 grams per tonne of gold from 130 metres to 138 metres. This intersection included 2 metres at 8.37 grams per tonne of gold with individual intersections of 7.7 grams per tonne of gold and 9.1 grams per tonne of gold. Says these intersections confirm the continuity of mineralisation at depth from the first Hamak drilling that intersected 20 metres at 7 grams per tonne of gold closer to surface. Assay results for the next two holes, FADD-002 and FADD-003, are expected in the near future. Chair Nick Thurlow says: ‘We are greatly encouraged by the wide intersections of gold mineralisation returned from the first hole assay results, which confirm the depth extensions to the high-grade discovery made by Hamak. We look forward to advancing the drilling programme and reporting further assay results, in partnership with and funded by our JV partners, First Au Ltd.’ Current share price: $0.038 12-month change: down 37% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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