Announcement Date: 2022-04-26
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: AuKing Mining Ltd.
Project name: Koongie Park
Location: Australia
Commodities: Silver,Copper,Zinc,Cobalt
Highlight: Drilling results incl. 60m @ 1.79% Cu, 5.96% Zn, 58g/t Ag, 0.1% Co from 191m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: AKN has previously identified significant areas of cobalt mineralisation that were intersected by drilling carried out more than 10 years ago and reported to the ASX by Anglo Australian Resources NL (ASX:AAR) (refer ASX announcement 19 October 2021). In addition, as part of its own drilling program at Sandiego last year, AKN reported the intersection of zones of cobalt mineralisation across the various holes that were drilled. A detailed review of the historic drilling database at Sandiego indicated that a significant number of drill holes had not been assayed for cobalt mineralisation prior to 2010. AKN’s exploration team was able to identify approximately 400 remnant drill core samples still being stored at its Halls Creek facility from ten (10) historic drill holes that were in a condition suitable for further assaying. These samples were despatched for assay and the results are now released in full in the table in Annexure 3. Eight out of the ten drill holes that were re-assayed by AKN intersected anomalous cobalt mineralisation, with the highlighted results shown above.
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