AuKing Mining to start copper drilling at Sandiego North
Melbourne, Victoria
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April 16, 2024 03:15 PM Eastern Daylight Time
CEO Paul Williams joins Proactive’s Jonathan Jackson to discuss the new drilling initiative of AuKing Mining Ltd (ASX:AKN) at the Koongie Park Copper-Zinc Project in northeast Western Australia. AuKing is set to launch a 1,000-metre drilling campaign at Sandiego North prospect to explore further copper mineralisation. The Sandiego North area, previously yielding high-grade copper, will see AuKing drilling 6-8 holes to a depth of up to 150 metres. This follows significant findings from past drilling, which included 5 metres at 1.37% copper from 50 metres and 2 metres at 1.71% copper from 85 metres, located about 700 metres north of the existing Sandiego deposit. The site is noted for its substantial copper and zinc grades, along with traces of gold, silver and lead. This drilling campaign is budgeted at $100,000 and aims to expand on the existing mineral resource estimate of 4.1 million tonnes at 1.4% copper and 4.3% zinc. The renewed interest in this site was spurred by the recent surge in copper prices, which have increased by nearly 22% over the last six months, now standing at US$4.37 per pound. AuKing believes work at the Sandiego North prospect has the potential to enhance the overall project economics significantly.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
