Kingfisher (ASX:KFM) discover more high-grade Mick Well mineralisation
October 3, 2023Kingfisher Mining has discovered more high-grade mineralisation with rock chip samples up to 26 per cent TREO and 3.62 per cent NdPr from two newly identified and parallel lodes at its Mick Well 9 project area in the West Australian Gascoyne.
The results have substantially increased the extent of outcropping mineralisation associated with the CH1 intrusion centre, discovered in the two monazite dominant lodes which outcrop over half a kilometre or more.
Significant results include:
- 26.00% TREO with 3.62% Nd2O3 + Pr6O11 (MWGS2873)
- 20.28% TREO with 3.37% Nd2O3 + Pr6O11 (MWGS2882)
- 11.43% TREO with 1.88% Nd2O3 + Pr6O11 (MWGS2844)
- 10.34% TREO with 1.82% Nd2O3 + Pr6O11 (MWGS2871)
- 10.18% TREO with 1.59% Nd2O3 + Pr6O11 (MWGS2887)
The strike length of outcropping mineralisation at the project now stands at over 9000 metres and a second area of mineralisation was also identified more than 22 kilometres from Mick Well at the CH9 target.
While lower in grade, results at CH9 come from an area with limited surface outcrop, presenting a compelling target for further exploration.
Kingfisher Executive Director and CEO James Farrell said the discovery of new high-grade mineralisation had highlighted the significant additional potential of a large-scale carbonatite target extending over an area of seven by four kilometres.
“Our ongoing exploration is advancing towards new drill targets, with the recent completion of a gravity survey at Mick Well as well as another at our other very large LK1 target,” Mr Farrell said.
“In addition to our REE exploration, our lithium pegmatites targeting is continuing, with a soil geochemistry program at Chalby Chalby.”
Gravity surveys were completed targeting undercover carbonatites related to the identified systems at both Mick Well and LK1, where a geochemical survey will shortly begin to develop drill targets.
Critical Gascoyne
Kingfisher has established a belt-scale tenement holding across the Gascoyne, targeting large scale carbonatite targets along two target corridors with a combined 84 kilometres.
Early exploration has made significant carbonatite discoveries which established the presence of high-grade mineralisation, and Kingfisher is now targeting the interpreted Mt Weld style carbonatite plugs as it vectors in the large-scale source of the intrusions.
Drilling is the obvious plan, and an RC campaign is expected to begin soon to test carbonatite targets at the Mick Well, Kingfisher, and Arthur River project areas.
Ground-based gravity surveys and surface geochemistry will be used to model higher density rocks and define targets, both at the company’s rare earth assets and Chalby Chalby Lithium tenements.
Mick Well mineralisation and rock chip results at newly discovered MW9
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