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AuKing Mining Unveils Plans for Copper Extension Drilling at Sandiego North
AuKing Mining Unveils Plans for Copper Extension Drilling at Sandiego North

AuKing Mining Unveils Plans for Copper Extension Drilling at Sandiego North

  • 16-Apr-2024 10:55 AM
  • Journalist: Sasha Fernandes

AuKing Mining Ltd (ASX:AKN) is embarking on a strategic drilling endeavor, poised to delve into the depths of the Sandiego North prospect within the Koongie Park Copper-Zinc Project situated in northeast Western Australia. This ambitious initiative entails an initial 1,000-meter drilling campaign meticulously crafted to ascertain the scope and magnitude of copper mineralization adjacent to the existing deposit.

The impetus behind this concerted effort stems from the robust momentum observed in copper pricing, prompting AuKing Mining to scrutinize the copper mineralization in the vicinity of Sandiego. Notably, Sandiego already boasts a formidable mineral resource estimate, pegged at 4.1 million tonnes, characterized by 1.4% copper, 4.3% zinc, 0.2 g/t gold, 25 g/t silver, and 0.4% lead.

Earlier drilling uncovered significant copper mineralization, with depths revealing high-grade concentrations, including 5 meters at 1.37% copper from a depth of 50 meters and 2 meters at 1.71% copper from a depth of 85 meters, located 700 meters north of the Sandiego site.

Mr. Paul Williams, CEO of AuKing, expressed satisfaction in announcing the planned drilling program north of the Sandiego deposit, citing the significant movements in copper commodity prices as a driving factor. “He highlighted previous drilling efforts conducted by AuKing, which identified a substantial copper mineralized zone approximately 700 meters north of the existing Sandiego deposit within the Koongie Park copper/zinc project in northeastern Western Australia. Additionally, he noted the results of a soil geochemistry program conducted in the area last year, which delineated a distinct anomalous copper mineralized corridor. Mr. Williams emphasized that AuKing is currently in the process of preparing a drilling program to assess the full extent of the mineralization, anticipating its potential to significantly impact the overall project economics of Sandiego."

AuKing is meticulously preparing for an extensive drilling program aimed at delineating the extent of the mineralization, which holds the potential to substantially augment the overall project economics of Sandiego. The company envisages drilling 6-8 holes, with depths reaching a maximum of 150 meters, while remaining open to further drilling endeavors contingent upon initial findings.

In terms of logistical and financial planning, AuKing has earmarked $100,000 for the drilling program and is actively seeking a local contractor to streamline costs. Furthermore, the company intends to leverage initial portable x-ray fluorescent (pXRF) testing to expedite the recording of preliminary results and facilitate the selection of samples for subsequent assay in laboratory settings.

AuKing Mining (ASX:AKN) is an exploration enterprise in the mining sector, specializing in uranium, copper, and zinc projects spanning across Tanzania and Australia.

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