Kingfisher’s Mick Well project is proving to be a real catch with rock chip sampling returning results of up to 40% rare earths including significant levels of valuable magnet rare earths.

The sampling program has also extended the outcropping rare earth element mineralisation to over 2.2km of strike with multiple parallel lodes identified within a 300m wide corridor.

While the work has highlighted the potential scale of the REE system within its wholly-owned projects in the Gascoyne Mineral Field area, Kingfisher Mining (ASX:KFM) believes there’s more to find with ongoing ground proofing expected to identify more outcropping mineralisation within the 54km long Chalba Shear ahead of drilling in the fourth quarter.

“The ongoing field work from our team continues to identify high grade zones of outcropping REE mineralisation as we build our knowledge and demonstrate the potential scale of the REE system,” executive director and chief executive officer James Farrell said.

“We are ecstatic with the identification of this new mineralisation, including the 40.02% TREO sample from an outcrop which consists almost entirely of massive monazite.

“In the lead up to our drilling campaign in Q4 2022, our onground exploration will continue to focus on the large pipeline of high resolution geophysical targets and in particular those within the 10km vicinity immediately west of MW2.”

The company’s drilling in April and May this year at MW2 had returned hits such as 5m at 3.45% total rare earth oxides (TREO) with 0.65% neodymium and praseodymium including 3m at 5.21% TREO with 0.98% NdPr from 102m.

This led to a follow-up drill program in July, results for which are currently pending.

Mick Well rare earths mineralisation

The ongoing fieldwork has extended the cumulative strike of the four mineralised lodes at the MW2 target within the company’s Mick Well project to over 2.2km while indicating that they remained open in all directions.

It has also discovered a new, exceptionally high-grade, style of massive monazite mineralisation with its top rock chop assay while outstanding results such as 21.55% total rare earth oxides with 3.74% NdPr and 15.9% TREO with 2.56% NdPr were returned from carbonatite dyke samples containing masses of monazite.

Current exploration has also identified multiple laterally-extensive high priority targets in a broad area that extends 10km west-northwest from MW2, all of which are located within the Chalba Shear Zone.

 

 

 

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.

Read MoreRare Earths

Featured Companies

You might be interested in