Kingfisher Mining Ltd (ASX:KFM) has identified a new style of rare earth element (REE) mineralisation at the Mick Well Project in Western Australia, where broad zones of kaolinite clays and weathered bedrock have been unearthed in reverse circulation (RC) drilling.
Results of particular note from these areas are represented in parts per million (ppm) total rare earth oxide (TREO) grades and include:
- 48 metres at 1265 ppm TREO, including 40 metres at 1367 ppm TREO from 8 metres; and
- 16 metres at 1156 ppm TREO, including 12 metres at 1301 ppm TREO from 8 metres.
REE mineralisation was also encountered in bedrock of all targets drilled in the Mick Well area, with results including:
- 68 metres at 631 ppm TREO from 36 metres;
- 44 metres at 754 ppm TREO from 152 metres; and
- 4 metres at 1704 ppm TREO from 48 metres.
Finally, the Kingfisher prospect – some 15 kilometres east of Mick Well – also yielded anomalous REE results up to 4 metres at 1924 ppm TREO from 172 metres.
REE mineralisation found in all targets
“This is another great result for the company with all of the targets drilled in the recent drilling program returning anomalous REE mineralisation and significantly, all of the targets lie on structures within the company’s 54-kilometre target corridor,” Kingfisher Mining executive director and CEO James Farrell said.
“In addition to the recent hard rock discoveries, we have also identified anomalous REE in the clays at the Mick Well Prospect.
“This now presents a new opportunity that will be followed-up with metallurgy test work and additional drilling.”
Geological mapping and sampling is ongoing at Mick Well and Kingfisher ahead of the next drilling program, which is scheduled to begin later in the year and will include, among other targets, the drilling of the recently identified 800 metres of outcropping mineralisation that returned rock chips of 21.13% TREO and 14.29% TREO.
Read: Kingfisher Mining higher as it hones in on drill-ready TREO mineralisation at Mick Well