AuKing Mining to acquire Grand Codroy uranium exploration project in Canada

AuKing Mining Ltd (ASX:AKN) is expanding its portfolio of uranium assets, announcing the proposed acquisition of a 100% interest in the Grand Codroy uranium exploration project in Newfoundland, Canada.

AuKing managing director Paul Williams said that with the strong industry sentiment emerging from last week’s World Nuclear Association symposium in London, there is likely to be renewed levels of interest for uranium projects.

The company already has a significant position with its Mkuju uranium project in Tanzania and Williams expressed the company’s excitement at being able to secure the Grand Codroy project in North America.

With the global search for sources of uranium mineralisation in full steam he welcomed the opportunity to commence exploration activities after the completion of the acquisition.Grand Codroy uranium exploration projectThe uranium mineralisation at the project is within extensive, organic-rich siliciclastic rocks, which is similar to the sandstone-hosted uranium districts in the western United States.Notable high-grade historical rock […]

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