Walkabout Resources extends lithium exploration in Namibia
Australian mining company Walkabout Resources, through its wholly owned Namibian entity Aardvark Minerals Limited , has executed a binding Memorandum of Understanding with a local Namibian company for a staged earn-in to an Exclusive Prospecting License in the Warmbad area of southern Namibia.
The license is adjacent to, and directly to the south of the 100% owned Walkabout license EPL6308 and will form part of the highly prospective Eureka Lithium Project.
The addition of the license to the project area further expands ARV’s commanding footprint in the highly prospective Orange River Pegmatite Belt in the Karasregion of southern Namibia with the addition of a further 120 previously unmapped and un-sampled pegmatites on EPL5691.
The Executive Chairman of Walkabout Resources, Trevor Benson said; “The inclusion of EPL5691 into the Eureka Lithium Project and more importantly the addition of vast amounts of previously unmapped and un-sampled pegmatites strengthens the company’s position and our intention is to assemble a dominant holding for lithium prospectivity within Namibia.”
EPL5691 is adjacent to, and lies directly to the south of EPL6308 that was awarded to ARV in November 2017. The addition of the license to the Eureka Lithium Project gives the Company a commanding landholder position of over 2,000 kilometers squared in what is potentially one of the country’s most prospective regions for lithium bearing pegmatites.
Historical lithium occurrences of unknown grade have been documented on EPL5691. EPL5691 is host to more than 120 newly mapped pegmatites that are mainly clustered in two areas of the tenement with a combined strike length in excess of 65 line kilometres (1,500 hectares).
The addition of the pegmatites within EPL5691 brings the total amount of pegmatites targeted for exploration within the Eureka Lithium Project to almost 200 with a combined strike length in excess of 90km.
The pegmatite clusters are almost exclusively within the Pofadder Shear Zone that lies to the south of the Eureka Shear Zone. The 65km of mapped outcrops on EPL5691, when combined with the 37km of mapped pegmatites on 100% Walkabout held tenement EPL6308 provide a dominant position for lithium exploration in the region.