AuKing Mining samples enhance Mkuju uranium potential; diamond drilling imminent

AuKing Mining Ltd – AuKing Mining Ltd (ASX:AKN) has returned further strong sample results as part of a first-stage exploration program at the Mkuju Uranium Project in southern Tanzania, providing encouragement for the imminent start of diamond drilling.

Soil sampling has returned high-grade U3O8 results of up to 652 parts per million (ppm) while rock chips have returned up to 1,344ppm and 549ppm.

Providing further encouragement for AuKing as Mkuju’s potential grows is the use of a hand-held spectrometer which is producing highly elevated radiation readings in and around the same sample areas. Potential Nyota extension

AuKing’s CEO Paul Williams said Mkuju was emerging as a possible major extension of the world-class nearby Nyota Uranium Project that was sold by previous owner Mantra Resources (ASX:MRU) in 2011 for $1.16 billion.”Mkuju comprises a 730-square-kilometre licence area immediately adjacent to the world-class Russian-owned Nyota Uranium Project.The sampling results provide further confirmation of potentially […]

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