Walkabout discovers cobalt in Northern Ireland Slieve Gallion JV
Wednesday, Feb 28, 2018
Walkabout Resources Ltd has announced that a review of the recently acquired datasets covering the Company’s tenements in Northern Ireland, either held directly or through joint venture, has confirmed the presence of cobalt-copper-silver (Co-Cu-Ag) occurrences in quartz-sulphide veins within the recently announced Slieve Gallion JV property.

While recent exploration programs at Slieve Gallion were exclusively targeting gold, detailed chemical assaying of all rock and soil samples has resulted in a large database to compliment the regional data acquired by Walkabout through the Northern Ireland acquisition.

Walkabout has negotiated a binding farm-in agreement for up to 75% of the Slieve Gallion licence through the expenditure of US$0.5m and the publication of an agreed Preliminary Feasibility Study within the licence area.

Highlights

• Cobalt mineralisation with grades up to 0.13% Co identified in rock chip sampling;
• Copper and silver mineralisation also identified with grades of up to 1.27% Cu and 50.3 g/t Ag in individual samples;
• Both Volcanic Massive Sulphides (VMS) and Orogenic gold (Au) styles of mineralisation have been identified within the licence area;
• Mineralisation within quartz-sulphide veins up to 1m in thickness in outcrop within an existing quarry;
• Priority areas targeted for immediate follow-up.

Executive Chairman of Walkabout, Trevor Benson commented;

“These separate and very exciting styles of both base-metal and gold mineral occurrences on the Slieve Gallion licence further endorse the diversification strategy embarked upon by the Company last year. The presence of potentially significant cobalt mineralisation, in a stable jurisdiction such as Northern Ireland, further enhances the value of our diversified portfolio.”

The Company’s strategy in Northern Ireland is currently to follow a parallel exploration programme focussing on gold and base metals, whilst maintaining a key interest in energy metals.

For more information, please visit: https://www.wkt.com.au/

Featured Profile

Featured Videos

Featured Case Studies