Kingfisher Mining has started drilling at its Mick Well Rare Earth Elements (REE) project in WA, with a focus on the promising MW2 target that previously returned rock chips exceeding 40% total rare earth oxides (TREO).

The 4,000m drilling program will target the five mineralised lodes at MW2 that cover a 300m wide zone with a cumulative strike length of over 3,000m.

Notably, the mineralisation mostly consists of monazite – which includes the high-value magnet REEs neodymium and praseodymium.

The mineralisation targeted in the current program is also just 500m northwest of Kingfisher Mining’s (ASX:KFM) discovery drill hole, where previously reported high grade results included 5m at 3.45% TREO, including 3m at 5.21% TREO.

The drill program is expected to take a month to complete, with the first assay results anticipated in approximately eight weeks.

Kingfisher Mining asx kfm
Pic: Supplied

Emerging rare earths region

Executive director and CEO James Farrell is “thrilled” to get drilling at the project, after several months of mapping, sampling and delineating the surface outcrops of mineralisation at MW2.

“Our previous drilling at Mick Well which led to the discovery of the rare earths mineralisation in the area returned high grade mineralisation over 5m at 3.5% TREO,” he said.

“We hope to see similar results from this program, particularly as we are drilling a target where we have identified an area of well-developed mineralisation at surface.”

Pipeline of Gascoyne targets

The company will also continue its surface exploration programs during the drilling program, focusing on a large number of targets in a broad area that extends 10km west-northwest from MW2 along the Chalba Shear Zone, which extends for 54km across the company’s Gascoyne tenure.

“This work aims to develop a pipeline of exploration targets in this exciting and emerging rare earths region,” Farrell said.

In Q4 CY22, Kingfisher plans to complete magnetic and radiometric surveys at its Kingfisher, Arthur River targets, and Boolaloo projects.

 

 

 

This article was developed in collaboration with Kingfisher Mining Limited, 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.

Read MoreRare Earths

Featured Companies

You might be interested in