AuKing Mining encouraged by observations from aircore drilling at Itigi Uranium Project

Aircore drilling rig at Itigi in Tanzania. AuKing Mining Ltd (ASX:AKN) is encouraged by preliminary XRF analysis of samples from an aircore drilling program at the Itigi Uranium Project in central Tanzania that indicates anomalous uranium mineralisation.

A total of 925 metres of aircore drilling has been completed across 63 holes to a maximum depth of 15 metres below surface with a further 1,300 metres planned.

The initial XRF analysis has indicated anomalous uranium mineralisation across several of the completed holes, up to a maximum reading of 338ppm U3O8. Awaiting assays

Samples are being prepared for laboratory analysis and AuKing is awaiting assay results with the hope that they confirm the preliminary analysis. Assay results are expected within 8-10 weeks.AuKing’s CEO Paul Williams said that initial results from drilling at Itigi were encouraging and provided the basis for more formal assays to be received within the next couple of months.“We are […]

Click here to view original web page at www.proactiveinvestors.com.au

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.