AuKing Mining Ltd (ASX:AKN) has continued to identify uranium mineralisation as part of its stage one exploration and drilling program at the Mkuju Uranium Project in southern Tanzania.
Standout assays include:
- 4 metres at 598 parts per million (ppm) uranium, including, 1 metre at 1896ppm uranium;
- 2 metres at 110 ppm uranium; and
- 2 metres at 169 ppm, including, 1 metre at 283 ppm uranium.
These results provide further confirmation of potentially significant uranium mineralisation across the historical radiometric survey conducted over the Mkuju Project area.
Both auger and diamond drilling programs ceased for the Christmas and New Year period, with activities scheduled to resume in early January 2024.
Mkuju Project Location
“Very promising uranium results”
AuKing CEO Paul Williams said that Mkuju was 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.
“We continue to return very promising uranium results from our exploration and drilling, including these most recent results from auger drilling in the area.
“Unfortunately, the technical problems continued to hamper the ability of the auger to drill to our target depths of 30 metres and that unit has been withdrawn from the field for major servicing.
“The diamond drilling rig that was mobilised in mid-November was unable to start drilling until late December due to technical issues and breakdowns.
"The crew are planning to mobilise in early January and will try to complete as many metres as possible before the rains come,” Williams said.
Exploration summary
Mkuju comprises a 1,070 square kilometre licence area immediately adjacent to the world-class Russian-owned Nyota uranium project.
Williams adds: “Despite some frustrating issues with our drilling rigs over recent months, AuKing’s exploration team has been successful in establishing the existence of areas of significant uranium mineralisation across the more than 1,000 square kilometres of licence holdings at Mkuju.
"We have learned a lot about the operating conditions at Mkuju in recent months and established the basis for a significant and systematic drilling program in 2024.”
Furthermore, a hand-held spectrometer is also being used as part of the Mkuju program and is producing highly elevated radiation readings in and around the same sample areas.
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