AuKing Mining welcomes significant early uranium results at Mkuju
October 16, 2023 at 12:41 pm EDT
Share
(via NewsDirect)
AuKing Mining Ltd (ASX:AKN) CEO Paul Williams tells Proactive the company has confirmed potentially significant uranium mineralisation at its Mkuju Uranium Project in southern Tanzania, after its Stage 1 exploration and drilling program returned results up to 6,213ppm U3O8. He says the project is emerging as a possible major extension of the world class nearby Nyota Uranium Project that was sold by previous owner Mantra Resources in 2011 for $1.16 billion.
“Mkuju has always been the Company’s major focus of proposed activities in Tanzania due to its proximity to Nyota and the considerable body of historical exploration on our ground,” Williams said.
“These initial results from this program establish Mkuju’s case as a major target for uranium mineralization and we look forward to what the rest of the program reveals over the coming weeks. We will continue to carry out preliminary pXRF and spectrometer measurements on the drilling and other samples prior to their dispatch for assay,” he said.
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
Jonathan@proactiveinvestors.com
Copyright (c) 2023 TheNewswire - All rights reserved.
Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
AuKing Mining Limited is an Australia-based mining exploration company focused on uranium, copper and zinc projects in both Tanzania and Australia. The Company has six projects in Tanzania, four of which are prospective for uranium (Manyoni, Mkuju, Itigi and Magaga) and the other two are prospective for copper (Mpanda and Karema). The Manyoni/Itigi project is situated nearby the central Tanzanian city of Dodoma and on the railway line that runs to the port city of Dar es Salaam. The Mkuju project is situated in southern Tanzania. The Mpanda/Karema project is a prospective copper area in western Tanzania that was the subject of historic mining operations but largely untouched by modern exploration methods. The Company holds the Koongie Park Copper Zinc Project in Western Australia's Halls Creek Region, which hosts a Joint Ore Reserves Committee resource and is neighbored by several significant mining and development operations, including Nicholson's Gold Mine and Savannah Nickel Mine.