Hamak Gold Limited announced significant gold assay results from initial rock chip samples collected in the Nimba exploration licence where positive gold in soil anomalies were recently reported. Nimba Rock Chip Sampling and Results: During the soil sampling of Nimba Block-1, results of which were announced on the 21 June 2022, a total of 15 rock chip samples were collected from locations within the sampling grid to test the various geological units for the presence of gold and associated mineralisation. The samples were consigned to ALS Global laboratories for assay.

Two of the samples collected, which are located in the centre-south of Block-1 in an area closely associated with extensive artisanal gold mining, returned significant assay values of 45.5g/t Au and 37.3g/t Au. The rocks sampled comprise part of a silicified stockwork zone of fine grained metadolerite, with both samples showing the presence of visible gold. The assay results have confirmed the presence of bedrock gold in the licence, however further mapping and sampling is required to determine the potential extent of this mineralized geological unit.

The thirteen remaining samples collected elsewhere in the block, and which are not associated with the soil sample anomalies, were negative. In addition to channel sampling of exposed faces in artisanal workings, an in-field exercise of crushing and panning grab samples of the suspected gold-bearing metadolerite and related stockwork units was undertaken to recover visible gold. The fractured and altered metadolerite yielded abundant coarse grains in the pan concentrates, with the adjacent stockwork unit also yielding gold, albeit with a lower recovery of finer grained gold.

The two, lab assayed high-grade Au rock chip samples have confirmed the results of the non-quantitative crushing and panning exercise carried out in the field. Next Phase of Exploration: Localised channel sampling has been conducted across the immediate area from where the high-grade rock chip samples were collected to define the width of the bedrock gold anomalies and assay results are awaited. Results of these samples will hopefully provide focussed targets for drilling.

Trenching and sampling is also planned across the area of the peak gold in soil anomalies.