Walkabout Resources Ltd (ASX:WKT) will fly an airborne electromagnetic (EM) survey over target areas of the Slieve Gallion cobalt-copper-silver joint venture licence area in Northern Ireland.
Results of the survey and ongoing soil sampling will be used to delineate drilling targets.
The company will carry out the survey as soon as the various legislative approvals have been received.
READ: Walkabout Resources set to unlock lithium, cobalt, gold and graphite opportunities
Walkabout recently formalised an earn-in agreement with Koza (UK) Ltd which allows it to gain a 75% stake in Slieve Gallion through the expenditure of US$500,000.
The licence is about 20 kilometres from the 4.4 million ounce Curraghinalt gold resource of Dalradian Resources (AIM:DLAR) and the historic Cashel Rock VMS occurrence, also in their tenure.
Close-spaced infill soil sampling at Slieve Gallion aims to extend sample lines east of a large copper-cobalt-silver anomaly north of the Corvanaghan-Golden Hollow VMS target area.
This program also aims to cover various target areas identified through the re-interpretation of regional-scale geophysical and geochemical datasets.
READ: Walkabout Resources to target gold, base metals and cobalt at Slieve Gallion
Grades of up to 0.13% cobalt, 1.27% copper and 50.3 g/t silver were returned from previous sampling in a quarry in this area.
Walkabout’s check sampling of VMS vein material within the quarry has confirmed the accuracy of historical assays with grades of up to 0.12% cobalt and 33.5 g/t silver in individual samples.
The prospectivity of the area is further supported by a float sample 2 kilometres east of the quarry that returned grades of 2.7% copper and 61.5 g/t silver.
Prospective Eureka pegmatites highlighted
At Walkabout’s Eureka Lithium Project in Namibia a rock sampling program has highlighted the more prospective pegmatites in the project area.
This will enable the identification of targets for the next phase of exploration, which will include drill targeting.
The sampling was designed to locate prospective areas by focusing on lithium-caesium-tantalum (LCT) type pegmatite bodies.
Due to the large project area in excess of 1,500 square kilometres, the program targeted selected areas of the more than 600 known pegmatites that had been identified.
READ: Walkabout Resources secures equipment funding for Lindi Jumbo Graphite Project
At the flagship Lindi Jumbo Graphite Project in Tanzania, the company is making encouraging progress with authorities in regards to the restructuring of mining regulations.
Walkabout believes that permitting functions within the Ministry will resume in the near-term.
Potential for vanadium credits
An economic assessment of the potential for vanadium pentoxide by-product credits at the Lindi Jumbo project has started.
The graphite project contains a JORC-compliant inferred resource of 24,100 tonnes of contained vanadium pentoxide.
Collection and processing of vanadium from the tailings stream is expected to enhance project economics.
Hydrological study and site work to progress project water-source for operational activities are complete.
The hydrological drilling and development of the extraction well-farm are due to start this quarter.