Kingfisher Mining Ltd (ASX:KFM) has identified strong volcanogenic massive sulphide (VMS) mineralisation during an airborne electromagnetic (EM) survey at its Kingfisher and Mick Well projects in the under-explored Gascoyne Mineral Field of Western Australia.
The company has received helicopter-borne EM survey preliminary results and is reviewing them in conjunction with geophysics consultant, Mira Geoscience Asia Pacific Pty Ltd.
During the survey, there were five new strong conductors identified and each of the bedrock conductors is within the range of possible responses expected for VMS base metal mineralisation.
“Several high-quality targets”
Kingfisher’s executive director and CEO James Farrell said: “This is a fantastic result for the company.
“The airborne electromagnetic survey has delivered several high-quality targets in this under-explored area.
“When we received the preliminary survey results, we knew we were looking at some interesting conductors and immediately mobilised to site to confirm that the responses were geological and not due to anything else at surface, such as large metallic objects.”
Priority for drilling
The company has produced a geophysical model for the high-quality targets allowing the targets to be progressed straight to drilling.
Kingfisher plans to drill these targets as a part of the Mick Well and Kingfisher reverse circulation (RC) drilling program, which is scheduled to start later this quarter.
Farrell said: “The newly identified targets will now be prioritised for drilling as part of the Kingfisher and Mick Well RC program scheduled for Q3 this year.”
The survey details
The survey was carried out by UTS Geophysics Pty Ltd using the industry-leading Versatile Time Domain Electromagnetic (VTEMTM Max) system.
It covered more than 25 kilometres of strike of the company’s targeted geological unit and structures, included more than 820 flight line kilometres and covered 145 square kilometres.
Kingfisher and Mick Well projects
The Kingfisher and Mick Well projects are about 230 kilometres east of Carnarvon, in the Gascoyne region.
The area is prospective for volcanogenic massive sulphide style mineralisation.
Copper mineralisation at Kingfisher Project is exposed in a series of shallow historical mining pits over a strike length of 2 kilometres.
Mineralisation at Mick Well outcrops as quartz reefs and gossanous ironstones which are up to 10 metres in width.
Past exploration in the area is limited, with previous rock chip sampling showing results up to 10.6% copper over a strike length of 1 kilometre within a laterally extensive geological horizon.
Only four drill historical holes have been completed at Mick Well, with the best result being 11 metres at 0.25% copper from 118 metres.