AuKing Mining and Saudi partner win licence bid for Shaib Marqan gold site

Small Caps11-06

AuKing Mining (ASX: AKN) and Saudi Arabian partner Barg Alsaman Mining have secured the Shaib Marqan project under the Saudi Ministry of Industry and Mineral Resources’ sixth licensing round bid ...

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class=\"title\">\nAuKing Mining and Saudi partner win licence bid for Shaib Marqan gold site\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-06 12:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://smallcaps.com.au/auking-mining-saudi-partner-win-licence-bid-shaib-marqan-gold-site/><strong>Small Caps</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AuKing Mining (ASX: AKN) and Saudi Arabian partner Barg Alsaman Mining have secured the Shaib Marqan project under the Saudi Ministry of Industry and Mineral Resources’ sixth licensing round bid ...</p>\n\n<a href=\"https://smallcaps.com.au/auking-mining-saudi-partner-win-licence-bid-shaib-marqan-gold-site/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AKN.AU","symbol_name":"AUKING MINING 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measuring up to 300 metres long and 10m wide.Additionally, 50 vein and wall rock samples have been recorded, averaging 5.8 grams per tonne of gold with a maximum assay of 40g/t.AuKing managing director Paul Williams said the company was pleased to have secured the bid.“We understand that this bidding round was the subject of significant interest from companies around the world and it is an honour to be recognised by the ministry with this successful bid,” he said.Based on historical work in the region, Mr Williams said further systematic exploration activities could lead to th","collect":0,"end_time":0,"defaultTopTitle":"smallcaps.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"AKN.AU":"AUKING MINING LTD","BK7509":"中概股","BK7095":"多种金属与采矿"},"translate_title":"AuKing Mining和沙特合作伙伴赢得Shaib Marqan金矿许可证竞标","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AKN.AU":1},"content_text":"AuKing Mining (ASX: AKN) and Saudi Arabian partner Barg Alsaman Mining have secured the Shaib Marqan project under the Saudi Ministry of Industry and Mineral Resources’ sixth licensing round bid process.\nLocated 100 kilometres from Ma’aden Gold’s Al Amar mine, which produced nearly 30,000 ounces of gold in 2022, the under-explored Shaib Marqan site spans 91.8 sq km and includes at least 22 ancient workings over quartz veins measuring up to 300 metres long and 10m wide.\nAdditionally, 50 vein and wall rock samples have been recorded, averaging 5.8 grams per tonne of gold with a maximum assay of 40g/t.\n‘Significant interest’\nAuKing managing director Paul Williams said the company was pleased to have secured the bid.\n“We understand that this bidding round was the subject of significant interest from companies around the world and it is an honour to be recognised by the ministry with this successful bid,” he said.\n“Shaib Marqan is situated in a highly mineralised area within the famous Arabian-Nubian Shield geological region and is in close proximity to various established deposits.”\n“We believe our systematic exploration across the licence area could lead to the rapid identification of a significant mineral deposit.”\nMultiple systems\nShaib Marqan is part of the Ar Rayn terrane in central Saudi Arabia known for hosting multiple mineral systems and commodities including volcanogenic massive sulfide-hosted copper and zinc, epithermal and orogenic gold, along with iron oxide copper-gold deposits.\nAncient workings have been documented throughout the Al Amar Belt, primarily focusing on quartz veins with disseminated pyrite with the first area mapped in 1956 and intermittent exploration occurring between 1970 and 1994.\nThe Ar Rayn terrane also hosts the Al Amar gold-silver-copper-zinc deposit, the Khnaiguiyah zinc-copper-iron-manganese deposit and the Jabal Idsas magnetite prospect.\nBased on historical work in the region, Mr Williams said further systematic exploration activities could lead to the rapid generation of new precious and base metal targets.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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