Great Quest Gold has entered into a binding earn-in agreement to acquire a controlling stake in EPL 4817 to extend its Omatjete Project by 35 kilometres.
The Omatjete Project is part of Great Quest’s Damara Gold Project in Namibia, which includes the Khorixas and Outjo projects, covering over 300,000 hectares.
Khorixas has yielded high-grade grab samples up to 49.9 g/t Au, while Omatjete and Outjo present significant gold and lithium opportunities.
Great Quest Gold acquired the Okondeka Fault Zone through Belmont Mineral Exploration (Pty) Ltd., in which it has a 25% stake.
Under the current deal, Belmont can earn an initial 51% interest in the licence-holding company by investing U$400,000 in exploration over two years.
Additionally, negotiations are underway to establish a clear pathway toward securing an 80% stake.
Great Quest has expanded its control over the Okondeka Fault Zone by 35 kilometres, unlocking significant exploration potential in a rapidly emerging region of Namibia’s Damara Belt.
In the coming months, Great Quest plans a high-resolution drone-based magnetic survey, soil sampling, and geological mapping, followed by reverse circulation drilling on the Okondeka Fault Zone.
Additionally, detailed geological mapping is planned for the Manga area to enhance understanding of mineralization controls.
Great Quest president and vice president for exploration, Dr Andreas Rompel, says the additional 35-kilometre strike along the highly prospective Okondeka Fault Zone significantly adds to the company’s tenement’s potential.
“In addition, we are now enabled to extend our known anomalies eastwards into the neighbouring claim with soil sampling and other exploration exercises,” Dr Rompel says.
Meanwhile, exploration at the Omatjete Project, which began with regional soil sampling on a 200-metre x 200-metre grid, led to the identification of a significant arsenic anomaly measuring 7 kilometres by 5 kilometres, with peak values reaching 1,646 ppm.
The anomaly extends to the eastern boundary of the company’s licence area, and current surface work is limited to the west of this boundary.
Subsequent mapping and rock chip sampling revealed several high-grade gold values, with a peak assay of 9.95 g/t Au in strongly altered, arsenic-rich biotite schist featuring millimetre-scale quartz/sulphide veining.
Since over 95% of the area is covered by alluvial sands and calcrete, exploration shifted to a more detailed soil sampling program conducted on a 200-metre x 50-metre grid, collecting 1,936 samples.
Gold analysis highlighted an anomaly extending 4.2 kilometres by 0.8 kilometres, now named the Manga Prospect—individual soil samples peak at 195 ppb Au, with 145 samples exceeding 20 ppb Au.
