AuKing Mining Ltd begins drilling at Koongie Park Copper-Zinc Project
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AuKing Mining Ltd begins drilling at Koongie Park Copper-Zinc Project
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
AuKing Mining readies for first drilling at Koongie Park Copper-Zinc Project
Buoyed by the success of a recent $7 million public offer, the company has been able to maximise the extent of the proposed drilling program. The program of at least 7,000 metres is expected to take about three months to complete.
AuKing Mining Ltd (ASX:AKN) plans to start its first drilling program later this month at Koongie Park Copper-Zinc Project in the highly mineralised Halls Creek region of northeast Western Australia.
This combined reverse circulation (RC) and diamond drill program will comprise a minimum of 30 holes for 7,000 metres to test mineralisation at depths of between 130 and 900 metres at the highly prospective Sandiego and Onedin deposits.
S&P/ASX 200 slumps 1.40% amid global concerns about new COVID-19 variant
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S&P/ASX 200 slumps 1.40% amid global concerns about new COVID-19 variant
The 10-year U.S. Treasury yield fell as low as 1.25% on Thursday, its lowest point since February, on growing concern about the pace of the global economic recovery. The decline in bond yields could be signalling that the Delta variant may slow growth.
S&P/ASX 200 (INDEXASX:XJO) fell 1.40% to 7,238 points by about 12.55 pm after a rise in COVID-19 cases overnight forced Premier Gladys Berejiklian to tighten restrictions in greater Sydney.
NSW recorded another 44 cases on Friday, the highest daily increase since the latest outbreak began after yesterday’s record of 38.