Kingfisher Mining Limited (ASX:KFM) has obtained broad intervals of rare earth elements (REE) associated with a new style of mineralisation at the Mick Well project and the Kingfisher Prospect drilling at its 100% owned projects in the Gascoyne Mineral Field in Western Australia.
“This is another great result for the company with all of the targets drilled in the recent drilling program returning anomalous REE mineralisation, and significantly, all of the targets lie on structures within the company’s 54km target corridor,” Executive Director and CEO James Farrell said.
“In addition to the recent hard rock discoveries, we have also identified anomalous REE in the clays at the Mick Well Prospect. This now presents a new opportunity that will be followed-up with metallurgy testwork and additional drilling.
“We are continuing with our surface mapping and sampling programs to improve our understanding of the region, identifying additional drill targets ahead of the next drill programme which is scheduled for later this year.”
Mick Well Drilling Results
Broad zones of REE mineralisation have been returned from reverse circulation (RC) drilling at the Mick Well Prospect.
The mineralisation is associated with kaolinite clays and weathered bedrock; a new style of mineralisation for the project.
The most significant REE include:
• MWRC020: 48m at 1265 ppm TREO with 257 ppm Nd2O3 + Pr6O11 from 4m, including 40m at 1367 ppm TREO with 278 ppm Nd2O3 + Pr6O11 from 8m.
• MWRC021: 16m at 1156 ppm TREO with 228 ppm Nd2O3 + Pr6O11 from 8m, including 12m at 1301 ppm TREO with 259 ppm Nd2O3 + Pr6O11 from 8m.
The drilling also returned anomalous REE results from fresh bedrock from all three drill holes completed at Mick Well:
• MWRC020: 12m at 808 ppm TREO with 163 ppm Nd2O3 + Pr6O11 from 116m.
• MWRC021: 4m at 598 ppm TREO with 122 ppm Nd2O3 + Pr6O11 from 44m. • MWRC021: 4m at 1003 ppm TREO with 201 ppm Nd2O3 + Pr6O11 from 64m.
• MWRC022: 68m at 631 ppm TREO with 132 ppm Nd2O3 + Pr6O11 from 36m.
The potential for REEs at the Mick Well prospect was first identified by the company earlier this year, when anomalous and highly encouraging results were returned from sampling of historical diamond drill hole MWDD002.
The new anomalous REE results from the clays and weathered bedrock are reported above 500 ppm TREO which has been selected based on geostatistical analysis of the assay results.
For further information please visit: https://kingfishermining.com.au/
