Hamak Gold Ltd on Monday said that it has commissioned a geophysical survey over the Ziatoyah Prospect on it wholly-held Nimba licence in Liberia.
Hamak Gold is a mining exploration and development company operating in Liberia, with two prospective gold mineral exploration licences covering an area of 1,752 square kilometres.
It said on Monday that it has retained the consulting group, GeoFocus, in order to conduct a detailed induced polarisation geophysical survey.
The objective of the survey is to map the mineralised sulphide bearing metadolerite units at the site, which recently yielded significant drilling results of 20 metres at 7 grams per tonne of gold, including 5 metres at 21 gross tonnage of gold.
Hamak plans to expand over the related 3,000-metre by 1,000 metre gold in soil anomaly to define the sub-surface mineralised units. It also intends to define and prioritise future drill targets to test the geophysical targets generated.
‘The Induced Polarisation geophysical survey is the next step in defining the possible extent of the high-grade gold intersections recently discovered at Ziatoyah by the company. The initial survey will focus on the immediate discovery area and then expand outwards to cover the extensive gold in soil anomaly that has been defined by detailed geochemical sampling. Our objective is to generate new drilling targets that can lead to further expansion and definition of the high-grade gold intersections already made,’ said Executive Director Karl Smithson.
Hamak Gold shares were flat at 9.50 pence each in London on Monday morning.
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