The access track at Mkuju. Hampered by wet weather earlier in the year and access to drilling equipment, AuKing Mining Ltd (ASX:AKN) has finally kicked off the planned exploration at its Mkuju Uranium Project in southern Tanzania.
The initial 3,000-metre drilling and associated soil sampling program will target parts of a large radiometric anomalous zone adjacent to the world-class Russian-owned Nyota Uranium Project.
AuKing holds six contiguous prospecting licences (PLs) and one near-granted PL application covering 730 square kilometres in the Mkuju region, about 470 kilometres southwest of Dar es Salaam.
The program will take two months to complete, during which the company plans to collect 400 soil samples as well as drill 150 auger holes with an estimated average depth of 20 metres per hole.The ASX-lister has budgeted $200,000 for the program. "High expectations" “We are pleased to finally be conducting our initial exploration program at Mkuju,” AuKing chief executive […]
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