Azure Minerals Ltd (ASX: AZS)

This ASX mining share is exploding 39.54% at the time of writing to 30 cents per share.

Azure is an ASX lithium mining share and today the company has announced promising assay results.

As my Fool colleague James reported earlier, Azure has revealed further high-grade lithium assay results. They have come from the Andover Project's pegmatite exploration program in Western Australia's Pilbara.

The "very significant results" include the "highest lithium grade reported to date," according to the managing director of Azure, Tony Rovira.

Auking Mining Ltd (ASX: AKN)

This mining share is also enjoying an impressive day on the ASX, up 21% to 12 cents per share.

The company has exited a trading halt that it requested on Monday pending a statement.

All was revealed this morning with Auking announcing it has acquired six mining projects in Tanzania. Four are uranium prospects and two are copper prospects.

Auking also announced a two-stage capital raising to fund the exploration of the six projects.

The first stage involves a completed $1.37 million raising. This comprises the issuance of 13.75 million new shares at 10 cents per share under an existing placement capacity.

The second stage is subject to shareholder approval. It involves approximately 20 million new shares, also at 10 cents per share, to raise another $2 million.

The company said the issue price represents a 17% premium to the ASX mining share's 30-day volume-weighted average price.

Hawsons Iron Ltd (ASX: HIO)

This ASX mining share is mimicking its peer in also reaching 12 cents per share today, up 19%.

Today the company announced a "strategic review of the proposed Hawsons Iron Project's development to examine options to scale production up in stages".

Hawsons Iron managing director Bryan Granzien said the review would examine less expensive options.

This comes after the company announced on Monday that its bankable feasibility study had slowed. The study was analysing the preferred 20 million tonnes per annum (20 Mtpa) option.

Activity had slowed due to unexpected rises in infrastructure capital cost estimates, the company said.

The post 3 ASX mining shares going gangbusters today appeared first on The Motley Fool Australia.

The Auking Mining Ltd (ASX: AKN) share price is soaring into the green during afternoon trade today and now trades at 29.5 cents apiece.

Auking shares are on the move after the company announced a key update at its flagship Koongie Park copper/zinc project.

Here's what we know out of the resource exploration company's camp today.

What did Auking Mining announce today?

The Auking Mining share price has jumped today after the company announced the first assay results had been obtained from its drilling program at Koongie Park, located in the Kimberly, WA.

The results indicate "high-grade, near surface c copper, zinc, silver, and other mineral intersections across all holes drilled".

Each of the 5 drill holes were performed using reverse circulation (RC) drilling at the Onedin deposit, with no assays undertaken for the presence of gold.

Specifically, Auking advises the results show a "124 metre, continuous near-surface, high-grade zone of > 1% grade copper, lead and zinc mineralisation".

It also contains high-grade silver mineralisation and molybdenum, despite limited evidence of the latter being displayed from previous activity at the site.

As the hole was terminated at 132 metres "for water bore purposes", Auking will now extend the hole depth by a further 170 metres to attempt to intersect the mineralisation at a further depth.

Regarding the results, Auking Mining CEO Paul Williams appeared encouraged.

Speaking on the announcement, Williams said:

These first assay results from initial drilling at Koongie Park are very encouraging and provide a strong
foundation for our future activities at this project… AKN continues to make strong progress with its drilling program at Koongie Park and we look forward to presenting further results over the next couple of months.

Shareholders appear encouraged too, as the Auking Mining share price has climbed a further 40% into the green since the market open today.

Auking Mining share price snapshot

The Auking Mining share price has skyrocketed almost 64% in the last month, after the company listed on the ASX in June of this year.

Prior to this, it was trading flat at around 20 cents apiece but has stepped well ahead of the broad indices this past few weeks.

At the time of writing, Auking Mining has a market capitalisation of $12.66 million.

The post Auking Mining (ASX:AKN) share price rockets 40% on mineral update appeared first on The Motley Fool Australia.