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Carbonatite Mapping Underway
Highlights
Exploration program is underway targeting large-scale rare earth element (REE) bearing carbonatite intrusions along the 54km Chalba and 30km long Lockier target corridors.
The program builds on the recently confirmed high grade REE mineralisation at the MW2 discovery that included drill results of 5m at 2.63% TREO with 0.54% Nd₂O₃ + Pr₆O₁₁ and 5m at 3.45% TREO with 0.65% Nd₂O₃ + Pr₆O₁₁; results similar to those reported from Hastings’ Yangibana Project#.
The exploration program includes significant on-ground mapping to advance the existing high quality carbonatite targets defined from the recent geophysical surveys, including the very large LK1 target which is more than 9km long and more than 6.5km wide.
Maiden drilling at the MW7 and MW8 REE discoveries as well as infill and extensional drilling at MW2 will be deferred until midyear as the Company focuses on evaluating and advancing high priority carbonatite targets ahead of anticipated drilling of those targets.
Kingfisher Mining Limited (ASX:KFM) (“Kingfisher” or the “Company”) is pleased to announce its exploration program for the 2023 field season. The cost-effective program is designed to build value through methodical discovery-focused exploration for large scale carbonatite targets interpreted to be associated with Company’s high grade REE discoveries.
Kingfisher’s Executive Director and CEO James Farrell commented: “We are pleased to announce our 2023 field program is now underway. The program brings together the geological understanding we have gained from our recent high grade carbonatite REE discoveries along with all of the results obtained from our exploration work we completed in 2022 and the substantial target generation work completed this year from our new geophysical surveys.
Having confirmed the high grade REEs associated with carbonatites on the 54km long Chalba zone, our value building exploration activities are now strongly geared towards the discovery of large-scale “Mt Weld style” carbonatite intrusions which we interpret to be the source of mineralisation in our discoveries and our exciting high priority REE targets.”