Sultan Resources (ASX:SLZ) has lodged an exploration licence application covering 171.2km² of prospective copper-gold ground within Namibia’s Central Damara Orogen.
The Kaalkop Project (EPL11820) sits 5km south of Kalkfeld. Sultan reportedly secured the opportunity without issuing consideration shares or other equity securities.
EPL11820 straddles the major regional Abbabis Lineament and hosts late-stage granitic intrusions surrounded by deformed schist and carbonate units.
Historical exploration within the licence targeted copper-lead-zinc mineralisation associated with carbonate rocks. This leaves the prospective granite-carbonate contacts, deformed metasedimentary sequences, and major regional structures with limited modern exploration.
Recent exploration elsewhere in the Damara Belt supports the target geology. Kaoko Metals (ASX:KAO) recently reported rock-chip results of up to 4.9% copper at its Karibib Copper-Gold-Tungsten Project, hosted within metasediments of the Karibib Gold Belt.
EPL11820 also sits east of WIA Gold‘s (ASX:WIA) Kokoseb Gold Project, which holds a mineral resource of 113 million tonnes @ 1.00 grams per tonne gold for 3.78 million ounces.
The broader Central Damara gold province hosts significant deposits including Twin Hills, Ondundu, Navachab, and Eureka.
Despite regional endowment, Sultan notes no reported historical exploration specifically targeting gold has been undertaken across EPL11820.
Following grant of the licence, Sultan intends to review historical data, conduct reconnaissance mapping and rock-chip sampling, and plan follow-up soil geochemistry.
Sultan Resources is an Australia-focused mineral explorer with assets in the Lachlan Fold Belt.
Write to Paula Fabe at Mining.com.au
Main image: Sultan Resources
