AuKing Mining's promising discovery

AuKing Mining (ASX:AKN) has announced promising results from rock chip sample assays at the Shaib Marqan project in Saudi Arabia. The project, awarded to AuKing and its partner Barg Alsaman Mining Company, confirms significant gold mineralization. This development positions AuKing as a notable player in the under-explored region.

AuKing's strategic outlook

AuKing Mining Limited has identified significant gold mineralization at its Shaib Marqan project in Saudi Arabia. With the project located in the mineral-rich Ar Rayn Terrane, AuKing aims to leverage this potential through targeted exploration. An initial commitment of US$1.2 million will fund exploration over the next two years, focusing on further soil and rock chip sampling. This strategic move aligns with AuKing’s objective to expand its gold resource in Saudi Arabia, tapping into the under-explored yet mineral-abundant region.

Executive commentary on gold findings

AuKing’s recent site visit and due diligence included rock chip sampling resulting in significant gold assay results: SM 015 - 2.97g/t Au, SM 016 - 1.31g/t Au, and SM 017 - 13.72g/t Au.