AuKing reveals shallow 124m copper intersection at Koongie Park

AuKing Mining (ASX:AKN) has reported ‘high-grade’ shallow copper mineralisation from maiden drilling at the Koongie Park project, including a 124m @ 1.03% Cu intercept.

Assays were received for five RC drill holes at the project’s Onedin deposit, with key assay grades including:

• Hole AOWB003: 124m @ 1.03% Cu, 1.08% Zn, 1.54% Pb & 50g/t Ag from 8m; including
  • 23m @ 0.72% Cu, 1.24% Zn, 0.96% Pb & 1g/t Ag from 25m
  • 28m @ 1.12% Cu, 1.17% Zn, 1.50% Pb & 1g/t Ag from 56m
  • 22m @ 2.02% Cu, 0.44% Zn, 0.27% Pb & 63g/t Ag from 92m and
  • 12m @ 1.87% Cu, 3.54% Zn, 8.58% Pb 387g/t Ag & 0.27% Mo from 120m
• Hole AORC001: 20m @ 1.50% Cu, 5.80% Zn, 0.91% Pb & 102g/t Ag from 148m; including
  • 7m @ 3.36% Cu, 6.77% Zn, 0.11% Pb & 148g/t Ag from 151m
• Hole AORC002: 34m @ 0.51% Cu, 1.05% Zn, 0.23% Pb & 8.5g/t Ag from 62m
• Hole AORC003: 99m @ 0.33% Cu, 0.79% Zn, 0.81% Pb & 20g/t Ag from 18m
• Hole AORC004: 123m @ 0.39% Cu, 0.59% Zn, 0.96% Pb & 11g/t Ag from 16m; including
  • 15m @ 0.72% Cu, 0.51% Zn, 3.21% Pb, 8g/t Ag & 0.17% Mo from 118m

Speaking on the results, AuKing CEO Paul Williams said “These first assay results from initial drilling at Koongie Park are very encouraging and provide a strong foundation for our future activities at this project. The result from hole AOWB003 exceeded all expectations – 124m of continuous 1% copper, zinc and lead mineralisation; high grade intervals of silver and molybdenum near bottom, with the existing hole ending in significant mineralisation. AKN continues to make strong progress with its drilling program at Koongie Park and we look forward to presenting further results over the next couple of months.”

“These first assay results from initial drilling at Koongie Park are very encouraging…The result from hole AOWB003 exceeded all expectations”

The five initial holes were positioned along the eastern side of mineralisation defined from historic data, with findings including ‘substantial’ continuous intersections of more than 120m in two holes, with a third reaching nearly 100m. The company notes that all holes encountered shallow mineralisation, with one achieving grades from surface.

AuKing reports that the 7,500m combined RC and diamond drill program is approximately 50% complete. Drilling is scheduled to continue through to November 2021 with a focus on deep diamond drilling operating on a 24-hour basis.

The 500km² Koongie Park Project, located in north-eastern Western Australia, encompasses two mining and eight exploration licenses, and houses an existing JORC 2012 compliant resource of 6.8Mt @ 1.3% Cu, 4.1% Zn, 0.3g/t Au and 26g/t Ag. The company describes the project as ‘significantly under-explored’ both along strike and at depth.

Images: AuKing Mining Limited