Sampling at Kingfisher’s KF3 target identifies a whole new area of REE mineralisation
Surface sampled at the KF3 target within the Gascoyne Mineral Field in WA returned 32.16% TREO (Total Rare Earth Oxides) with 5.25% neodymium and praseodymium.
This high-grade discovery occurs within Kingfisher’s (ASX:KFM) 54km Chalba target corridor and is only 15km east of the breakthrough Mick Well REE discoveries.
These latest results continue to add confidence and confirm additional zones as exploration advances.
Meanwhile, new REE rock chip results at MW2 and MW7 have significantly extended the strike length to 2km, with some of the best results including 30.83% TREO with 5.10% neodymium and praseodymium, 15.25% TREO with 2.49% neodymium and praseodymium, and 14.59% TREO with 2.44% neodymium and praseodymium.
At the same time, rock chip assays have expanded the strike length of mineralisation by over 500m to 1.5km at MW7, with two new lodes identified at the prospect.
“We are excited to announce another high grade REE discovery at the KF3 target at our Kingfisher Project,” KFM’s executive director and CEO James Farrell says.
“Our Mick Well discoveries are continuing to grow.”
“First pass drilling is now planned for April this year, together with infill and extensional drilling at our first discovery, MW2.”
Fieldwork is set to restart shortly with the delineation and potential further discoveries as the company works along the combined 80km target corridor on the Chalba and Lockier shears.
MW7 is now drill ready, and design work is already underway for the maiden drilling program at the prospect which is expected to commence in mid-April 2023.
It is envisaged the 2023 exploration activities will include drilling at MW2, MW7, MW8 as well as substantial project generation work across the 54km target corridor, including the CH1 to CH 10 targets as well as the Arthur River and Mooloo projects
This article was developed in collaboration with Kingfisher Mining (ASX:KFM), 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.