Substantial Strike Indicates Potential for Large-Scale Plugs
Large-scale carbonatite intrusions confirmed at CH8 and the new CH11 targets.
Rare earths mineralisation confirmed at CH8.
Exploration targeting additional carbonatite intrusions interpreted as being the sources of the defined MW2, MW7 and MW8 mineralisation to continue along the Chalba target corridor, together with on-ground work at the high priority large-scale carbonatite target at LK1.
Parallel strategy assessing the potential for lithium-bearing pegmatites is advancing, with mapping and lithium fertility sampling underway. Further updates on lithium exploration expected during July.
The strike of the mineralised zone which hosts the high grade MW2, MW7 and MW8 rare earths discoveries at the CH1 intrusion doubled to more than 5km.
New rock chip results include:
18.84% Total Rare Earth Oxides (TREO) with 3.34% Nd₂O₃ + Pr₆O₁₁ (MWGS2247)
13.33% TREO with 2.06% Nd₂O₃ + Pr₆O₁₁ (MWGS1866)
9.30% TREO with 1.68% Nd₂O₃ + Pr₆O₁₁ (MWGS2254)
7.68% TREO with 1.36% Nd₂O₃ + Pr₆O₁₁1 (MWGS2207)
Kingfisher Mining Limited (ASX:KFM) (“Kingfisher” or the “Company”) is pleased to announce the latest results from its ongoing exploration targeting large-scale carbonatite intrusions and high grade Rare Earth Elements (REE) mineralisation. A parallel strategy to assess the lithium potential is underway and focussed on the Thirty-Three Suite pegmatites, known to host lithium deposits in the Gascoyne.
Kingfisher’s Executive Director and CEO James Farrell commented: “Our focus on advancing our large-scale carbonatite targets is bearing fruit, with the confirmation of new carbonatite intrusions at CH8 and CH11. Significantly, these targets appear to be the surface exposure of deeper intrusion systems and are highly prospective for large-scale intrusive hosted rare earths mineralisation and our ongoing exploration will continue to further define the targets for our next drill program."