- Kingfisher Mining (KFM) launches a new drilling program at its Mick Well rare earth element (REE) project in Western Australia
- Drilling is now underway in the MW2 area, with the program set to include 39 drill holes for around 4000 metres
- Kingfisher is targeting high-grade REE mineralisation in an area where it has previously returned rock chip results of over 40 per cent total rare earth oxides
- The campaign is expected to take a month to complete, with the first assay results anticipated after eight weeks
- Meanwhile, the company’s current mapping and rock chipping work is set to continue throughout the duration of the drilling
- Kingfisher Mining last traded at 54 cents on November 11
Kingfisher Mining (KFM) has launched a new drilling program at its Mick Well rare earth element (REE) project in the Gascoyne region of Western Australia.
Drilling is now underway in the MW2 area, with the program set to include 39 drill holes for around 4000 metres.
Kingfisher said the MW2 mineralisation included five separate lodes across a 300-metre-wide zone with a cumulative strike length of over 3000 metres.
The drilling will seek to target high-grade REE mineralisation in an area where Kingfisher previously unearthed rock chip results of over 40 per cent total rare earth oxides (TREO).
Kingfisher Executive Director and CEO James Farrell said the company was “thrilled” to have the drill program at MW2 underway.
“The program brings together several months of work in mapping, sampling and delineating the surface outcrops of mineralisation at MW2,” Mr Farrell said.
“Our previous drilling at Mick Well, which led to the discovery of the rare earths mineralisation in the area, returned high-grade mineralisation over five metres at 3.5 per cent TREO.
“We hope to see similar results from this program, particularly as we are drilling a target where we have identified an area of well-developed mineralisation at surface.”
The campaign is expected to take a month to complete, with the first assay results anticipated after eight weeks.
Meanwhile, the company’s current mapping and rock chipping work is set to continue throughout the duration of the drilling. This will target several laterally-extensive, high-priority targets in an area also associated with carbonatite complexes and high thorium and magnetic responses.
Kingfisher Mining last traded at 54 cents on November 11.