Elliott’s total holding in the company has now increased to 14.3 million shares.
Gold project in Scotland
The company today confirmed the presence of gold-bearing veins at Glenhead Gold Project in Scotland with rock chip samples returning grades of up to 12.8 g/t.
This sampling is part of low-impact exploration conducted over the company’s landholding in southwest Scotland as part of a farm-In to earn 75% of three exploration licences in the region.
The work resulted in the Glenhead prospect being identified early on as one of the priority targets in the area for further detailed follow-up analysis.
New gold project in Tanzania
Earlier this month, Walkabout secured exploration tenure over a highly prospective, underexplored gold region at the Amani Gold Project in southwest Tanzania.
The project has been a focus for exploration since 2016 when new geological mapping and fieldwork confirmed the hard rock gold potential of the area.