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- AuKing Mining (AKN) has announced further high-grade results from drilling at the Onedin deposit within the Koongie Park project in WA
- The results come from the final three drill holes and returned wide intervals of high-grade copper, zinc, lead, silver and molybdenum
- The drill results will be used for a metallurgical testwork program that is expected to take between six to eight weeks to complete
- CEO Paul Williams says if AuKing establishes economic recoveries from the testwork, Onedin is “well on the way to becoming a significant mining development opportunity”
- AKN shares have been trading 2.56 per cent higher at 20 cents
AuKing Mining (AKN) has returned significant high-grade copper, zinc and silver intersections in its latest drilling results at the Onedin deposit in WA’s east Kimberley region.
The Onedin deposit forms part of the Koongie Park copper-zinc project near Halls Creek.
AuKing said results from drilling late last year have returned more wide zones of near-surface copper, zinc and silver across the final three drill holes.
Results from AORD005 include 66 metres at 1.67 per cent copper, 17.57 per cent zinc, 4.03 per cent lead, 94.68 grams per tonne (g/t) silver, 0.38 g/t gold and 1718 parts per million (ppm) molybdenum from 77 metres.
AORD006 returned an even wider interval of 82 metres at 0.46 per cent copper, 4.45 per cent zinc, 1.26 per cent lead, 33 g/t silver and 409 ppm molybdenum from 98 metres.
AuKing said the new assays complement the “significant mineralisation” to the south of AORD004 which reported 105.3 metres at 1.94 per cent copper, 0.76 per cent zinc, 0.7 per cent lead, 55 g/t silver and 106 ppm molybdenum from 46 metres.
“The results from these final three holes highlight the continuity of high-grade copper, zinc, lead, silver and molybdenum across the Onedin deposit,” CEO Paul Williams said.
“If we establish economic recoveries from the metallurgical testwork program, Onedin is well on the way to becoming a significant mining development opportunity.”
The drill results will be used for metallurgical testwork which is expected to take six to eight weeks to complete.
The company says Koongie Park remains significantly under explored at depth and along strike and is highly prospective for further VMS base metal mineralisation finds.
AKN shares were up 2.56 per cent to trade at 20 cents at 12:02 pm AEDT.
