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AuKing Mining Ltd.
Summary
| Project: | Bonito | |
|---|---|---|
| Deposit: | La Dura | |
| Location: | Mexico | |
| Commodities: | Gold-Silver | |
| Date: | 4/13/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 13-4-2018: AuKing Mining Ltd. announces an Exploration/Drilling Update report for its La Dura deposit at the Bonito project. Drilling results incl. 26m @ 0.47g/t Au, 25g/t Ag from 23m. The Board of AuKing Mining Limited (ASX:AKN) continues to focus on tra | |
| Resources: | x | |
| CP/QP: | [Overall Report]: John Skeet (Internal) | |
| ABSTRACT: | The Board of AuKing Mining Limited (ASX:AKN) continues to focus on transforming the Company into a substantial mid-tier mining group, with a primary focus on acquiring and developing near-term copper, gold and other metal production activities (both locally and overseas). The La Dura project consists of a total of 2,052ha (hectares) in northern Durango State, Mexico. The La Dura Project consists of historic underground workings to approximately 180 meters (m) below the surface. Total gold and silver production since the 1920’s has been estimated by previous owners to be in the order of 400,000 tonnes mined is 100,000 ounces (Au) and 5.5 million ounces (Ag). Bonito conducted the initial RC drill program based on early sampling results and before full geological mapping or target definition was completed within the concession area. Drill sites were selected based on existing roads, minimal site disturbance, ease of access and quickest environmental approval rather than geological merit as the primary factor. This approach was at the request of AKN. Bonito attempted to select drill sites within the time and environmental constraints that may intersect mineralised zones similar to those exploited by the previous mining activity. Care had to be taken not to intersect existing workings since the survey accuracy of the workings had not been verified. This further affected the outcome of the drilling program, with drill holes being located at safe distances from the old mine workings, which may also have limited the goals of the program. | |
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