AuKing Mining (ASX:AKN) has confirmed ‘significant’ intersections of near-surface copper, zinc, and silver mineralisation at its Cosmo prospect.
The results at Cosmo, south-west of the Onedin deposit, at its flagship Koongie Park Copper/Zinc Project in Western Australia’s Halls Creek region, are from the first 9 holes of the company’s 13-hole RC program over 2,418m.
AuKing reports that the works at Cosmo discovered mineralisation across different areas of the prospect, creating the potential to establish a ‘significant’ additional near-surface deposit area that is only 500m to the south-west of the Onedin deposit.
Assay highlights as follows:
- ACORC22006 – 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
- ACORC22007 – 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
- ACORC22015 – 6m @ 0.61% Cu, 0.88% Zn and 3g/t Ag from 127m and
- ACORC22016 – 14m @ 0.48% Cu, 0.74% Zn and 5g/t Ag from 154m
The company notes that despite the proximity to Onedin, the Cosmo area has largely been untested by exploration and drilling activities previously.
despite the proximity to Onedin, the Cosmo area has largely been untested by exploration and drilling activities previously
Commenting on the results, AuKing Chief Executive Officer Paul Williams said: “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 and its potential to add more resource tonnes to Koongie Park, which hosts a JORC compliant mineral resources of 8.9Mt million tonnes (Mt).”
Based on the results from these initial drillholes at Cosmo, AuKing is planning a further significant RC drilling program be undertaken later this year.
The intention of this program is to gain a better understanding of the geology at Cosmo and focus on the areas of the prospect where the mineralisation is likely concentrated.
There are also plans to carry out downhole EM surveys of certain drillholes at Cosmo to further identify mineralised zones at this prospect.
Images: AuKing Mining Limited
