AuKing Mining has discovered more priority copper targets following intensive drilling at the flagship Koongie Park Project near Halls Creek in Western Australia.
Last month’s recent downhole geophysics survey highlighted the potential for a significant addition to the project’s 8.9 million tonne resource.
The company is upbeat about the additional potential for broad stretches of critical cobalt lying outside the current estimate.
“Coupled with an intensive proposed drilling program which includes the anomalous zones at Onedin south and the long-awaited drilling at Emull AKN has an excellent platform to continue to produce strong results,” chief executive Paul Williams said.
“The downhole electromagnetic survey has provided the Company with two key zones of potential significant mineralisation that remain untested at Onedin and Sandiego.
“Coupled with an intensive proposed drilling program, including the anomalous zones at Onedin South and the long-awaited drilling at Emull.
AKN has an excellent platform to continue to produce solid results and potentially increase the recently upgraded resource estimate at Koongie Park.”
AKN’s Australian Stock Exchange-listed share price was trading at 13c today (9:52 am UTC+ 8 hours).