AKN has discovered shallow ore grade copper mineralisation of up to 1.71 per cent from 85 meters of drilling under a kilometre north of the known Sandiego deposit., following near-surface and deeper drilling at the site.
The company, seeking to develop the Koongie Park copper/zinc project in Western Australia, also reported another compelling shallow intersection yielding 1.37pc Cu from 50m in the untested 700-metre target zone delineated between the main area of drilling at Sandiego and the discovery.
Highlight at-depth zones included an 11-metre stretch 2.96pc Cu, .89pc zinc, topped off by 4 grammes per tonne of gold and 342 parts per million cobalt from 395 metres.
Other significant deeper grades involved 4.35m at 6.09pc Cu, 0.68% Zn, 9g/t Ag and 491ppm Co from 401m, and another hole showing 13.1m at 2.45pc Cu, .06pc Zn, 4g/t Ag and 302ppm Co from 455m.
“The discovery of near-surface copper mineralisation north of the known mineralised zone at Sandiego is an exciting development for AKN,” chief executive Paul Williams said.
“Combined with further high-grade copper intersections from the latest deep drill holes, the company is clearly providing the basis to extend the existing known resources at the Sandiego deposit.
“More generally, we continue to make good progress with the drilling program at Koongie Park and look forward to providing further assay results in December.”
The company plans to drill at Onedin to obtain samples for metallurgical testwork commencing in late December through to early 2022.
A 7500-metre combined reverse circulation and diamond drill program is around three-quarters finished, with the remainder of work expected to continue into mid-December.
AKN’s Australian Stock Exchange-listed share price was trading at 15.5c (1:15 pm UTC+ 8 hours)