- Kingfisher Mining (KFM) is set to begin a diamond drilling program at its flagship Boolaloo Project in Western Australia
- Work will begin around April 12 will follow up previous reverse circulation drilling at the K15, K16 and Copper Strike prospects
- Kingfisher will assess the mineralisation, alteration and host rock stratigraphy to aid in a 5000-metre drilling program expected later in the year
- To prepare for this drilling program, Kingfisher will be undertaking mapping and rock chip sampling, which has could identify new targets
- Shares in Kingfisher are up 4.08 per cent and are trading at 25.5 cents
Kingfisher Mining (KFM) is set to begin a diamond drilling program at its flagship Boolaloo Project in Western Australia.
Work will begin around April 12 and follow up previous reverse circulation (RC) drilling at the K15, K16 and Copper Strike prospects.
Kingfisher will aim to assess the mineralisation, alteration and host rock stratigraphy to aid in a 5000-metre RC program expected later in the year.
The results will also be used for petrophysical analysis to improve the interpretation of the geophysical surveys.
Previous work at Boolaloo has returned one metre at 1.41 per cent copper and 2.70g/t gold from 110 metres and two metres at 3.90 per cent copper and 0.77g/t gold from 63 metres.
To prepare for this drilling program, Kingfisher will be undertaking mapping and rock chip sampling which has the potential to identify new drill targets.
“Our first drill program is a significant milestone for the company. This program will be the first drill holes to be complete in the area for more than 12 years; an area where past exploration has already established the potential for copper and gold mineralisation,” CEO and Executive Director James Farrell said.
“Unfortunately, the excessive rain in Ashburton this season has been frustrating over the past few weeks as we have been forced to delay our field work and the start of the drilling program,” he added.
Shares in Kingfisher are up 4.08 per cent and are trading at 25.5 cents at 2:56 pm AEDT.