Hamak Gold Ltd is already seeing positive signs in their investment case for gold, in an under explored country in West Africa. The company is listed on the London Stock Exchange, and holds two priority gold exploration licences, Nimba and Gozohn, with an option over five more licences (Lofa, Fasama, Cestos, Sinoe and River Gee), which cover a combined area of 4,965 square kilometers in Liberia.
Hamak Gold announced positive gold exploration results in June 2022 from the first grid block soil sampling at its 985.60 sq. km 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, 2022 that an analysis of 839 soil samples from Nimba Block 1 returned positive gold assay results with values up to 1.52 ppm. Moreover, the company discovered two strong Au in soil 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.
This is refreshing a news for the West African country whose nascent Chamber of Mines has been pressing all the buttons to get investors look at Liberia’s potential as an unexplored mining investment destination, and Hamak Gold’s positive Au in soil anomaly is a significant step with the potential to placing Liberia on the map of the West African Gold Mining Province.
Upon a formal request the Liberia Chamber of Mines was recently admitted as a member of the ECOWAS Federation of Chambers of Mines (EFEDCOM) to help her foster closer collaboration and alliance with other mining companies within the sub-region. The Liberia Chamber’s admission comes a few weeks after attending, for the first time, the 27th Mining Indaba in South Africa with delegation headed by its president, Amara Kamara, and its Executive Director Monique Cooper Liverpool.