AuKing Mining (ASX:AKN) has started an initial 3,000m drilling program and associated soil sampling exploration program at its Mkuju Uranium Project in Southern Tanzania.
The Mkuju Project is a ‘major’ focus for the $9.79 million market capitalisation company, but due to wet weather earlier in the year and a lack of access to drilling equipment, the company’s exploration activities in the area have been paused until now.
Drilling and soil sampling is now planned to be completed over the next 2 months, with 400 soil samples to be collected alongside 150 planned auger drillholes with an average depth of 20m per hole.
Commenting on the exploration program, AuKing Mining Chief Executive Officer (CEO) Paul Williams says: “We are pleased to finally be conducting our initial exploration program at Mkuju. Our initial focus will be around near-surface soil sampling and auger drilling and, pending results from these initial activities, go back in with deeper reverse circulation (RC) drilling later in the year.”
“We are pleased to finally be conducting our initial exploration program at Mkuju“
In addition, AuKing plans to carry out preliminary X-ray fluorescence (XRF) measurements on these activities and anticipates reporting those results over the coming weeks.
The company holds 730km-square of licences at Mkuju and plans to explore the full extent of the ‘significant’ radiometric anomalies in the region.
Mkuju neighbours the ‘world-class’ Russian-owned Nyota Uranium Project, and based on this and the historical exploration activities in the area, AuKing says it has ‘high expectations’ for this current program.
AuKing Mining is a mining exploration company focused on uranium, copper, and zinc projects in Tanzania and Australia. As of 30 June 2023, the company had $1.33mmillion cash and cash equivalents at hand, according to its latest quarterly report.
Write to Aaliyah Rogan at Mining.com.au
Images: AuKing Mining
