Hamak Gold announces Nimba sampling results

Highlights

• Channel sampling yields encouraging gold results across geological units from which rock chip sampling results of 45.5 g/t gold (Au) and 37/3 g/t Au were previously recovered.
• South face channel sampling yielded 55 m at 0.63 g/t Au, including 14 m at 1.98 g/t Au.
• North face channel sampling yielded 1 1m at 0.99 g/t Au including 3 m at 3.14 g/t Au.
• Within these wide anomalous zones are 2 m spaced channel samples returning 8.56 g/t Au, 3.38 g/t Au and 1.33 g/t Au and also 1 m spaced channel samples returning 5.17 g/t Au and 3.26 g/t Au.
• Results are suggestive of a bulk tonnage gold target.
• Further trenching and channel sampling ongoing across significant gold in soil anomalies within Block-1.

Karl Smithson, Executive Director of Hamak Gold, commented: “The results of the channel sampling in Block-1 of the Nimba licence have yielded very encouraging grades and widths of gold mineralisation which provide clear drill targets. These results are associated with rock units from which we have already identified visible gold and which previously yielded several high gold grade rock chip sample results. We are actively trenching and channel sampling elsewhere in the block to further complement the results and provide additional drill targets.”

Nimba Licence Block-1 channel sampling and results

In late June, the company announced positive gold in soil results and significant rock chip sampling results of 45.5 g/t Au and 37.3 g/t Au from its first sampling block in the Nimba Licence. The rock chip samples were collected from a silicified stockwork zone of fine grained metadolerite containing disseminated auriferous pyrite which has been exposed by artisanal mining. A total of 43 channel samples over a distance of 66 m were collected across this exposed zone, subdivided into north and south faces which form a continuous strike length, and were submitted to ALS Global laboratory in Ghana for gold fire assay.

The results have returned gold mineralisation across the entire 66 m channel length which is not closed off in any direction, with sections of significant gold mineralisation returning 55 m at 0.63 g/t Au and 11 m at 0.99 g/t Au, which include better intervals of 14 m at 1.98 g/t Au and 3 m at 3.14 g/t Au respectively, and with individual samples returning up to 8.56 g/t Au over 2 m splits.

These results are clearly significant from a width and gold anomalism perspective and provide drill targets as the next step towards defining the extension of gold mineralisation with depth, as well as its lateral extent.

Nimba Licence Blocks-1 soil sampling and results

Results for a further 285 soil samples from Block-1 have been received, bringing the total collected and assayed to 1096 samples. Two significant anomalies have previously been announced, and the additional samples have revealed a third strong anomaly with gold values of up to 0.732 ppm or 0.73 g/t Au located in the south-west of the block. Further soil sampling is being conducted to the south of Block-1 to fully define these gold anomalies and results are awaited.

Currently, trenching and channel sampling is being conducted across peaks in gold values in anomalies 1 and 2 within Block-1, to identify further drilling targets.

Stream sampling and Block-2 results

Exploration elsewhere in the Nimba licence has included soil sampling of Block-2 in the north of the licence, where 752 samples have been collected and assayed. One positive anomaly with a value of 0.652 ppm Au (0.65 g/t Au) has been revealed at the western edge of the block and further sampling will be required to better define this anomaly.

In addition, stream sampling was conducted around a topographic high called Mount Blah in the centre of the licence. The streams sampled drain from a prominent 8 km long Greenstone Belt ridge that has been subjected to artisanal mining activity. Some 29 stream samples have been collected with several of samples yielding positive gold values up to 2.230 ppm Au (2.23 g/t Au). Further detailed follow up will be required to track up the streams to the source of the gold anomalies.

Read the article online at: https://www.globalminingreview.com/exploration-development/04082022/hamak-gold-announces-nimba-sampling-results/