AuKing Mining Limited (ASX:AKN) has confirmed significant intersections of near-surface copper, zinc and silver mineralisation at its Cosmo prospect, south-west of the Onedin deposit, at its flagship Koongie Park Copper/Zinc Project in Western Australia’s Halls Creek region.
The first nine holes of the company’s 13-hole RC programme over 2,418m 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.
AuKing’s drilling programme was focused on certain magnetic anomalies identified in previous magnetic surveying at Cosmo.
Despite the proximity to Onedin, the Cosmo area has largely been untested by exploration and drilling activities previously.
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,” CEO, Paul Williams, said.
Further drilling is now planned at Cosmo before the end of 2022.
Based on assay results received to date, the following significant drilling intersections have been identified at Cosmo: ACORC22006 4m @ 0.45% Cu, 0.78% Zn and 1g/t Ag from 57m and 9m @ 0.51% Cu, 0.48% Zn and 5g/t Ag from 73m 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 and 3m @ 0.68% Cu, 4.55% Zn and 2g/t Ag from 118m ACORC22015 6m @ 0.61% Cu, 0.88% Zn and 3g/t Ag from 127m including: 5m @ 0.69% Cu, 0.74% Zn and 2g/t Ag from 127m ACORC22016 14m @ 0.48% Cu, 0.74% Zn and 5g/t Ag from 154m including: 3m @ 0.58% Cu, 0.78% Zn and 7g/t Ag from 157m and 5m @ 0.66% Cu, 1.15% Zn and 7g/t Ag from 163m
Results from the remaining drillholes from the company’s first program at Cosmo are expected shortly.
Future Cosmo Activities
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 programme 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.