The seven-hole program is following-up high-grade REES that were intersected in recent drilling at MW2 back in April and May this year.
These hits included 5m at 3.45% total rare earth oxides (TREO) with 0.65% neodymium and praseodymium including 3m at 5.21% TREO with 0.98% neodymium and praseodymium from 102m.
This interval also returned 1m at 7.13% TREO with 1.33% neodymium and praseodymium.
Kingfisher Mining (ASX:KFM) executive director and CEO James Farrell says the company leapt at the opportunity to follow-up these impressive drilling results.
“Drilling is now underway,” he says.
“The recently discovered high grade REE mineralisation that extends over a strike length of 800m and is located 500m north of MW2 could not be included in this program due to the narrow window of drill rig availability.
“We anticipate that this mineralisation will be included in our next drilling program.”
Increased interests in Gascoyne Mineral Field
The Kingfisher and Mick Well Projects are 230km east of Carnarvon, in the Gascoyne region of Western Australia.
KFM holds exploration licences covering 969km2 and has recently increased its interests in the Gascoyne Mineral Field by nearly 40% through the targeted pegging of additional tenure interpreted to be prospective for rare earth elements.
Larger exploration locked in for later this year
This 750m drilling campaign is aiming to provide valuable information ahead of the larger program locked in for later in the year, which will incorporate existing and new targets being defined by KFM’s ongoing regional exploration across the Chalba Shear.
The Chalba Shear is a broad WNW-trending crustal-scale structure that has played an important role in providing a conduit for the intrusion of the carbonatites, as well as the associated alteration and late-stage mineralised veins and carbonatite dykes.
2022 Gascoyne exploration program
Kingfisher is carrying out extensive and targeted exploration programs for its Gascoyne projects during 2022.
The company says planned exploration is cost-effective and aims to develop and test drill targets from ground-based mapping and rock sampling.
Plans are also in the works to simultaneously develop a pipeline of exploration opportunities through integrating current and planned tenement-scale airborne geophysical surveys with geological knowledge from the company’s breakthrough REE discovery at Mick Well.
Upcoming news include results from drilling of targets in the Mick Well area and Kingfisher prospect, KFM’s quarterly activity statement, and results from ongoing surface mapping and rock chip sampling.
This article was developed in collaboration with Kingfisher Mining, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions
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