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AuKing discover Cosmo’s copper

24 August 2022 11:11
ASX: AKN
AuKing get the rig to Koongie Park

AuKing Mining have marked the discovery of copper at the Cosmo prospect, with the first nine holes of its program confirming significant near surface copper zinc and silver adjacent to its tentpole Onedin deposit near Halls Creek in Western Australia.

It adds another major prospect to the Koongie Park flagship — one perched within the Onedin mining lease.

Covering over 500 square kilometres within the highly mineralised Halls Creek Mobile Belt, Koongie Park has recently added a pivotal discovery at Emull and confirmed broad cobalt stretches while continuing to forge up copper as outlooks on the red metal grow bold.

 

AKN Prospect Map 1

Koongie Park acreage showing JORC deposits and prospects.

 

The company said the discovery at Cosmo had potential to bring in more metals to add to an existing 8.9 million tonne JORC resource.

“The discovery at Cosmo, while still at very early stages of an unexplored system, was very encouraging especially due to its proximity to the existing Onedin deposit,” chief executive Paul Williams said.

Next up for AuKing is the planning for RC drilling over Cosmo this year while it awaits further Onedin assays and continues diamond drilling over conductor sources.

Significant results

  • 9m @ 0.51% Cu, 0.48% Zn and 5g/t Ag from 73m including 3m @ 0.75% Cu, 0.41% Zn and 7g/t Ag from 75m
  • 21m @ 0.41% Cu, 1.99% Zn and 2g/t Ag from 106m including 5m @ 0.74% Cu, 2.79% Zn and 4g/t Ag from 115m •
  • 6m @ 0.61% Cu, 0.88% Zn and 3g/t Ag from 127m
  • 14m @ 0.48% Cu, 0.74% Zn and 5g/t Ag from 154m

AKN’s Australian Stock Exchange-listed share price has risen 10 per cent today, currently selling at 11c (9.48 am UTC+ 8 hours).

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