Hamak Gold Limited (LSE:HAMA) is a mining exploration and development company operating in Liberia, with two highly prospective gold Mineral Exploration Licences (MELs) that cover an area of 1,752 square kilometres. In addition, Hamak Gold holds an option to acquire a further five MEL’s covering an area of 3,213 square kilometres. Liberia is considered highly prospective for gold, and is a geologically similar jurisdiction to neighbouring gold producing countries such as Guinea, Côte d’Ivoire, Mali, Senegal, Burkina Faso and Ghana. Hamak Gold Limited’s strategy is to explore and develop its highly prospective gold licences efficiently and safely using the skills of its internationally experienced and in country technical teams. Liberia has a long history of artisanal gold mining from principally alluvial deposits but also, more recently, from eluvial and bedrock primary sources. It is also an emerging gold producing country that has attracted significant exploration interest and expenditure over the last 10 years. Its annual gold production has increased from 10,500 oz in 2007 to 250,300 oz today. Hamak Gold Limited seeks to rely on the in-country expertise and reputation of its management team to be an early explorer and developer in Liberia with an ambition to become the leading junior gold miner in the country.
