- Shares in AuKing Mining (AKN) jumped this morning after intersecting significant high-grade assays from the Onedin deposit in Western Australia
- Between November and December 2021, seven diamond holes were drilled at Onedin as part of the metallurgical testwork program
- Results have been received for one hole which intersected up to 10.20 per cent copper, 2.55 per cent zinc, 2.69 per cent lead, 316g/t silver and 269ppm molybdenum
- Results for the remaining holes are expected shortly and once received, the drill core samples will be formed into composite samples for the metallurgical testwork program
- Shares in AuKing are still up a healthy 29.7 per cent and are trading at 24 cents
Shares in AuKing Mining (AKN) were up as much as 56.8 per cent this morning after it intersected significant high-grade assays from the Onedin deposit.
The Onedin deposit is part of the Koongie Park Project which is situated in the highly mineralised Halls Creek Mobile Belt in Western Australia.
Between November and December 2021, seven diamond holes, for 1433 metres, were drilled at Onedin as part of the metallurgical testwork program.
Results have been received for hole AORD004 which intersected up to 10.20 per cent copper, 2.55 per cent zinc, 2.69 per cent lead, 316 grams per tonne (g/t) silver and 269 parts per million (ppm) molybdenum.
Results for the remaining holes are expected shortly with details to be released to the market as soon as possible.
Once results from all seven holes have been received, the drill core samples will be formed into composite samples for the purpose of the proposed metallurgical testwork program scheduled to begin this month.
“We are excited to report these outstanding intersections from the drilling undertaken at Onedin late last year,” CEO Paul Williams commented.
“Following the excellent results from AKN’s first drilling program reported last year, the company has now clearly identified a significant copper deposit at its Koongie Park project which we now have a 75 per cent interest in.”
Shares in AuKing were still up a healthy 29.7 per cent on the market and were trading at 24 cents at 12:10 pm AEDT.