Walkabout Resources Ltd, through its wholly owned Namibian entity, Alro Investments Forty Nine (Pty) Ltd, has received a Letter of Grant for the second Exclusive Prospecting Licence (EPL 6308) located in southern Namibia by the Ministry of Mines and Energy (MME).
This gives Walkabout a commanding footprint in the highly prospective Orange River Pegmatite Belt (ORPB) in the Karas region of southern Namibia. More than 60 previously unmapped and un-sampled pegmatites have been documented on Walkabout licences that have not previously been exposed to modern exploration techniques for lithium.
The project name is now amended to the Eureka lithium project in line with the proximity to the Eureka Shear Zone identified across the area.
A large footprint of more than 1500 km2 in the highly prospective and underexplored Orange River Pegmatite Belt of Namibia is now held 100% by Walkabout.
Recent work by others in the region has confirmed the presence of LithiumCaesium-Tantalum (LCT) type pegmatites with grades > 1.6% Li2O reported from rock samples.
Trevor Benson, Executive Chairman of Walkabout Resources, commented: “The team has been working very hard at securing these premium unexplored licences with 27 km of known pegmatite swarms running through them. Our intention is to assemble a pre-dominant holding for lithium prospectivity within Namibia and with these licences now underpinning such a program, this can quickly be realised.”
Read the article online at: https://www.globalminingreview.com/exploration-development/23112017/walkabout-granted-second-namibia-lithium-licence/