FREE DAILY STOCK MARKET NEWS

FREE DAILY STOCK MARKET NEWS

AuKing proves up Onedin prospects

24 February 2022
ASX: AKN
Rueben Hale

AuKing Mining’s exploration of three additional shallow holes further boosted the fortuitous Onedin drilling program at the Onedin prospect, part of the Koongie Park copper-zinc project near Halls Creek.

Most notably, one of three holes yielded a 64-metre stretch containing 0.97 per cent copper, 1.73pc zinc, 2.52pc lead, 129 grammes per tonne silver, topped off with .38g/t gold.

The company seeks to increase the 6.8Mt JORC project by extensively exploring over 500-square-kilometres of the highly prospective yet underexplored combined tenement area.

Chief executive officer Paul Williams said an additional 1433 meters of drilling had confirmed Onedin’s significant high-grade deposit with final assays due next week.

“We are excited to report more exceptional results from the drilling undertaken at Onedin late last year,” he said.

“The results from these latest three holes highlight the continuity of high-grade copper, zinc, lead, silver and molybdenum across the Onedin deposit.

“There are even compelling near-surface assays of gold that have been intersected in hole AORD003 in the southern end of the deposit.”

The next step for the company is a metallurgical testwork program to establish economic metal recoveries, pending the remaining assays for the final three Onedin drill holes.

AKN’s Australian Stock Exchange-listed share price was trading 21c today (7:30 am UTC+ 8 hours)

COMPANY OVERVIEW

The Board of AuKing Mining Limited (ASX:AKN) continues to focus on transforming the Company into a substantial mid-tier mining group, with a primary focus on acquiring and developing near-term copper, gold and other base metal production activities (both locally and overseas). The Koongie Park earn-in agreement is the Company’s primary initial step towards achieving these goals.

COMPANY INFORMATION

ASX: AKN

Website

https://www.aukingmining.com/site/content/
https://www2.asx.com.au/markets/company/akn

FREE DAILY STOCK MARKET NEWS

Join our mailing list to receive the latest stock market news.

You have Successfully Subscribed!