Kingfisher has further expanded the footprint of rare earths mineralisation at its Mick Well project after rock chip sampling confirmed a fifth parallel mineralised structure.

Notable results from the new lode returned results topping up at 9.58% total rare earth oxides (TREO) and 1.59% neodymium and praseodymium, extending the defined cumulative strike of the five lodes to over 3km.

Meanwhile, assaying of massive monazite samples returned results such as 40.31% TREO with 6.5% NdPr, 28.07% TREO with 4.63% NdPr and 25.68% TREO with 4.26% NdPr.

Importantly for Kingfisher Mining (ASX:KFM), this might just be the beginning with several targets identified by radiometrics in a large area which extends 10km west of the MW2 target along the 54km Chalba Shear Zone target corridor still to be mapped and sampled.

Additional assays from further surface sampling in the Mick Well area are expected in mid-October ahead of drilling planned for late October.

The company also has experienced University of Western Australia carbonatite geologist Dr Wally Witt consulting to the team and building the understanding of the mineral system at Mick Well.

“The latest results from MW2 have significantly expanded the previously reported mineralisation, with the discovery of an additional lode, the increase in the cross-cutting structure strike length, and further delineation of the exceptionally high grade massive monazite mineralisation,” chief executive officer James Farrell said.

“We are continuing with our fieldwork in the Mick Well area as our focus shifts to assessing new targets along the next 10km of strike west of MW2.

“We are also currently flying an airborne geophysical survey, which will extend the high resolution radiometrics coverage over the entire strike length of the 54km target corridor and will be an essential part of developing a longer term pipeline of exploration targets.”

New mineralised lode

The new parallel REE lode was identified within the 300m wide mineralised zone which now has a strike length of more than 1,500m.

Exploration in the untested area about 10km west-northwest from MW2 is focused on targets associated with carbonatite complexes as well as high thorium and magnetic responses – similar to the outcropping mineralisation at MW2.

Large-scale airborne geophysical survey is also underway, with high-resolution radiometrics to be completed along the remaining 26km strike of the 54km corridor.

This is expected to provide additional resolution of the thorium highs which are apparent in the regional geophysics and add to the company’s pipeline of longer term exploration targets.

Drilling of MW2 mineralisation is scheduled to begin in late October with all lodes defined to date to be targeted.

 

 

 

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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