AuKing Mining Ltd (ASX:AKN) CEO Paul Williams tells Proactive the company has been granted three new prospecting licences at its Mkuju Uranium Project in Tanzania, establishing a significant position in an emerging uranium hotspot. These new licences, granted by the Tanzanian Mining Commission, are east of AuKing’s existing portfolio of tenures and span more than 345 square kilometres. The additional tenure features radiometric highs similar in appearance to the world-class Nyota uranium deposit to the immediate northeast.
“Our work to date has already established a strong correlation between radiometric anomalies and uranium mineralisation," Williams said. "In particular, the radiometric anomalies in these new areas bear a striking resemblance to the radiometric high that sits over the world-class Nyota uranium deposit.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
Jonathan@proactiveinvestors.com
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AuKing Mining Limited is an Australia-based mining exploration company focused on uranium, copper and zinc projects in both Tanzania and Australia. The Company has six projects in Tanzania, four of which are prospective for uranium (Manyoni, Mkuju, Itigi and Magaga) and the other two are prospective for copper (Mpanda and Karema). The Manyoni/Itigi project is situated nearby the central Tanzanian city of Dodoma and on the railway line that runs to the port city of Dar es Salaam. The Mkuju project is situated in southern Tanzania. The Mpanda/Karema project is a prospective copper area in western Tanzania that was the subject of historic mining operations but largely untouched by modern exploration methods. The Company holds the Koongie Park Copper Zinc Project in Western Australia's Halls Creek Region, which hosts a Joint Ore Reserves Committee resource and is neighbored by several significant mining and development operations, including Nicholson's Gold Mine and Savannah Nickel Mine.