Kingfisher Mining Ltd (ASX:KFM) has been granted tenements covering western extensions of a 54-kilometre rare earth element (REE) target corridor discovered in the Mick Wells and Kingfisher projects in the Gascoyne Mineral Field of Western Australia.
The company confirmed the presence of REEs in the structural corridor with a 12-metre drill intersection grading 1.12% total rare earth elements (TREO) from the Mick Well Project.
Granting of this new tenure represents the next step in preparing for airborne magnetics and radiometric surveys designed to generate targets along the 54-kilometre target corridor.
Potential for regional-scale REE corridor
“The grant of this additional exploration tenure over the western end of our 54-kilometre REE corridor is another significant step forward in our planned exploration work this year,” Kingfisher Mining executive director and CEO James Farrell said.
“We are preparing airborne magnetics and radiometric surveys to commence mid-year which is an essential part of our first-pass exploration and target identification for REE mineralisation in the Gascoyne.
“We are looking forward to continuing to unfold and add to our understanding and discovery of REEs along this newly discovered regional scale corridor.”
Kingfisher has lined up an extensive and targeted exploration program for its Gascoyne projects in 2022. The company aims to cheaply develop and test drill, targets from ground-based work which includes mapping, rock sampling and radiometric surveys.
Simultaneously, Kingfisher means to develop a pipeline of exploration opportunities through integrating regional and airborne geophysical surveys with geological knowledge borne from the REE discovery at Mick Well.
This graph represents the activities completed in this first quarter of 2022, and planned activities for the rest of the year:
