Resource exploration and development company AuKing Mining (ASX:AKN) reports it has identified further zones of copper mineralisation following a combined reverse circulation (RC) and diamond drilling (DD) program at its Koongie Park Copper/Zinc Project in WA.
The results, generated by 40 drillholes (36 RC and 4 diamond drill) across the project’s Onedin, Sandiego, Cosmo and Sandiego North deposits, confirm that additional zones of copper mineralisation exist to the north and in deeper sulphide zones within the Sandiego deposit.
Highlighted assay results include, 1.75m at 2.93% copper (Cu), 8g/t silver (Ag), 121ppm cobalt (Co) and 950ppm molybdenum (Mo) from 513m (ARD22_012), as well as 6m at 1.02% Cu from 81m, 10m at 0.49% from 93m; and 2m at 0.68% Cu from 136m (ASNRC22_001).
Unfortunately, drilling from within the Cosmo deposit has returned no ‘significant’ assays, resulting in further assessment of the prospectivity of the deposit before additional drilling is undertaken.
This recent drilling commenced in May this year and was completed last month, with almost all of the assay results now returned to the company.
Speaking on the results, AuKing Mining CEO, Paul Williams said: “These latest results from the drilling program at Koongie Park include very encouraging news around Sandiego North and the deeper zones at Sandiego. These results provide a basis to ‘significantly’ extend the existing resources at the Sandiego deposit.
“These results provide a basis to ‘significantly’ extend the existing resources at the Sandiego deposit”
In addition, while it was disappointing those downhole EM anomalies revealed no ‘significant’ mineralisation, AuKing’s exploration team pressed on to greater depths and identified copper sulphides at Sandiego.”
The company also notes that drillhole ASNRC22_001 was conducted within the Sandiego North deposit to test mineralisation and add definition to the dip of a mineralised zone that was previously identified by water bore drillhole ASWB001 in late 2021.
Results from this drillhole confirm the extension of near-surface copper mineralisation that was first identified at the water bore and warrant further ‘significant’ drilling around these targets, as well as along the 700m target zone back to the main Sandiego deposit.
In addition, drilling from within the Onedin and Sandiego returned no ‘significant’ mineralisation, however drilling beyond the target zones demonstrated deeper sulphide mineralisation well beyond the known mineralised areas at both deposits.
This discovery delivers potential to extend the existing resource estimates for both deposits.
AuKing Mining is a resource exploration company with a goal of becoming a mid-tier copper/gold/silver producer. The company’s flagship Koongie Park project is located in WA’s Halls Creek region comprising a total land area of more than 500km-square, with Auking owning 75% of all associated tenements. The project is neighboured by several ‘significant’ mining and development operations including Nicholson’s Gold Mine, Panton PGM Project and Savannah Nickel Mine and currently boasts a JORC Mineral Resource Estimate (MRE) of 8.9Mt.
With the combined RC and DD program now complete, AuKing Mining announces it is awaiting assays from further drilling recently completed at its Emull tenement.
Images: AuKing Mining Ltd