Numerous potential carbonatite intrusion locations across the entire length of the Company’s 54km Chalba target corridor identified from tenement-scale airborne geophysics survey.
Significant new large-scale target confirmed at Kingfisher South, where geological mapping has already confirmed the presence of ferrocarbonatite intrusions. The target includes a central area defined by a distinct circular magnetic feature with a diameter of 2km; a geophysical signature like other known carbonatite intrusions globally and within the region.
New targets show geophysical responses similar to the Mick Well area, where geological mapping has delineated strike lengths of more than 5km of outcropping high grade Rare Earth Elements (REE) mineralisation and where drilling has returned results of 5m at 3.45% TREO (Total Rare Earth Oxides), including 3m at 5.21% TREO (see ASX:KFM 5 July 2022).
New targets to be ranked and included in the Company’s exploration activities for 2023.
Kingfisher Mining Limited (ASX:KFM) (“Kingfisher” or the “Company”) is pleased to
announce that it has received the results from its recent tenement-scale magnetics and
radiometrics airborne geophysics surveys at its 100% owned projects in the Gascoyne
Mineral Field in Western Australia. Numerous high-quality targets have been revealed
across the survey area, which covered the Company’s 54km target corridor.
Kingfisher’s Executive Director and CEO James Farrell commented: “The results from the
airborne geophysics at our Gascoyne REE projects continue to highlight the significant
potential of our belt-scale tenement holding in this globally important REE region.
The survey adds another leg in our discovery journey which has led to the identification
of numerous additional potential carbonatite intrusions along the 54km Chalba
mineralised corridor. This is an enormously encouraging early development in the
project generation, expanding our footprint beyond the Mick Well area, where we made
our first breakthrough high grade REE discovery only 12 months ago.
All of the selected targets have geophysical responses similar to Mick Well, where we
have so far identifiedmore than 5km of outcropping high grade REE mineralisation strike,
delineated by surface samples and drill results which includes 5m at 3.45% TREO.
We are extremely excited and are looking forward to following up these dominate targets
which will hopefully confirms that our Chalba mineralised corridor is world class.”