Kingfisher Mining boosts REE mineralisation at Mick Well
November 27, 2023 at 03:21 pm EST
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Kingfisher Mining Ltd (ASX:KFM) CEO James Farrell tells Proactive the company has confirmed four new high-grade rare earth element (REE) discoveries at its Mick Well Project in Western Australia’s Gascoyne Province. With more than 13.5 kilometres of mineralised strike identified so far, the company continues to receive encouraging results. More than 75% of samples have returned greater than 1% total rare earth oxides (TREO) and a peak value of 26.5% TREO and 4.6% neodymium and praseodymium oxide. A highlight is the presence of strongly mineralised ferrocarbonatite associated with the southeastern pipe target with up to 6.5% TREO.
“We are delighted with the latest discoveries that confirm the significant upside potential of the large-scale 7-kilometre by 4-kilometre carbonatite complex at Mick Well," Farrell said. "Our work in the area is continuing to expand this very large high-grade REE opportunity and we anticipate we will be announcing further high-grade discoveries before year’s end.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
Jonathan@proactiveinvestors.com
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Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Kingfisher Mining Limited is an Australia-based mineral exploration company engaged in the acquisition, exploration, and development of mineral resource projects throughout Western Australia. The Company is focused on exploration at its wholly owned projects in the Gascoyne Mineral Field of Western Australia. The Companyâs tenements cover 938 square kilometers (km2) in the underexplored Gascoyne Mineral Field. The Company has made a high-grade rare-earth elements discovery at Gascoyne region where it holds target strike lengths of more than 54 kilometer (km) along the Chalba mineralized corridor and more than 30 km along the Lockier mineralized corridor. The Companyâs projects in the Gascoyne region include the Mick Well REE Project, LK1 REE Projects and the Chalby Chalby Lithium Project. Its Mick Well occurs within a large-scale carbonatite intrusion center that extends over an area of 10 km by 7 km. The LK1 REE Project is located 30 km west of the Companyâs Mick Well REE discoveries.