Join our daily newsletter At The Bell to receive exclusive market insights
- AuKing Mining (AKN) begins a 30-hole drilling program at the Koongie Park copper/zinc project in Western Australia
- Drilling began on August 3 with a minimum of 7000 metres planned to test mineralisation at depths ranging from 130 metres to 900 metres
- Focus will be on the Onedin and Sandiego deposits to improve geological interpretation and resource confidence
- Drilling is estimated to take three months to complete with the first results expected in September
- AuKing is steady on the market with shares trading at 16 cents at 3:55 pm AEST
AuKing Mining (AKN) has begun a 30-hole drilling program at the Koongie Park copper/zinc project in Western Australia.
It comprises of 10 licences that cover an area of more than 500 square kilometres and has a JORC 2012 resource of 6.8 million tonnes at 1.3 per cent copper, 4.1 per cent zinc, 0.3 grams of gold per tonne (g/t) and 26g/t silver.
It remains significantly under explored both at depth and along strike.
Drilling began on August 3 with a minimum of 7000 metres of reverse circulation (RC) drilling planned to test mineralisation at depths ranging from 130 metres to 900 metres.
Focus will be on the Onedin and Sandiego deposits to improve geological interpretation and resource confidence as well as to test potential mineralised extensions.
Drilling is estimated to take three months to complete with first results expected in September.
CEO Paul Williams is excited to begin the company’s first drilling program at Koongie Park.
“We are very pleased to have commenced the company’s first drilling program at the highly prospective Koongie Park copper/zinc project in Western Australia,” Mr Williams commented.
“We have a number of high priority drill targets and anticipate that AKN’s drilling program will provide the basis for regular result updates over the coming weeks and months.
“These results are also expected to establish the platform for an updated JORC resource before the end of the year.”
AuKing was steady on the market with shares trading at 16 cents at 3:55 pm AEST.
