AuKing Mining (ASX:AKN) signed a definitive agreement to acquire a 100% interest in two strategic tin and silver exploration licence applications in north-western Tasmania.
The acquisition covers approximately 203km2 of land situated adjacent to the world-class Renison Bell tin mine and the Mt Lindsay Tin-Tungsten Project.
The project areas, located near the mining hub of Rosebery, offer significant district-scale exploration potential in a region renowned for high-grade mineralisation.
Historical drilling at the Big Wilson prospect previously yielded a high-grade intersection of 17.4m @ 2.0% Sn, including a 4m zone at 5.6% Sn.
Additional prospects within the licence area, such as Merton Hill and Laurel Creek, have historically shown evidence of tin, silver, lead, and zinc mineralisation.