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AuKing Mining (ASX:AKN) - CEO, Paul Williams
CEO, Paul Williams
Source: Paul Williams / LinkedIn
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  • Shares in AuKing Mining (AKN) were down 24.6 per cent despite intersecting further strong copper and zinc mineralisation at the Koongie Park Project in Western Australia
  • Results come from a combination of reverse circulation (RC) and diamond drilling holes completed at the Onedin and Sadiego deposits
  • Overall, grades peaked at 3.05 per cent copper, 6.16 per cent zinc 1.17 per cent lead, 27 grams of silver per tonne (g/t) and 647 parts per million (ppm) cobalt
  • Focus has now shifted to the extraction of diamond core samples which will be prepared for metallurgical testwork later in the year
  • Shares in AuKing are still down 24.6 per cent and are trading at 21.5 cents

Shares in AuKing Mining (AKN) were down 24.6 per cent despite intersecting further strong copper and zinc mineralisation at the Koongie Park Project in Western Australia.

Results come from a combination of reverse circulation (RC) and diamond drilling holes completed at the Onedin and Sadiego deposits.

Holes were drilled to test and confirm the existence of mineralisation in various sections of the Sandiego deposit.

Overall, grades peaked at 3.05 per cent copper, 6.16 per cent zinc 1.17 per cent lead, 27 grams of silver per tonne (g/t) and 647 parts per million (ppm) cobalt.

The results confirm high-grade zones of copper and zinc mineralisation as well confirming a significant extent of mineralisation identified in previous drilling.

AuKing is continuing to make progress with its current drilling program with more than 4800 metres drilled to date.

Focus has now shifted to the extraction of diamond core samples, which will be prepared for metallurgical testwork later in the year.

Work will continue throughout November, with assay results expected by the end of the month.

CEO Paul Williams was pleased with the assays received.

“The second assay results from drilling at Koongie Park have exceeded the company’s expectations and build on the initial results reported last months,” Mr Williams commented.

“The company has also identified significant cobalt and rare earth mineralisation, which warrant further assessment from our exploration team.

“Drilling is ongoing, with an additional 2700 metres planned over the coming weeks. We look forward to providing further assay results shortly.”

Shares in AuKing are down 22.8 per cent and were trading at 22 cents at 11:51 am AEDT.

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