Kingfisher Mining may have found source of REEs at Mick Well
Melbourne, Victoria
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October 23, 2023 02:15 PM Eastern Daylight Time
Kingfisher Mining Ltd (ASX:KFM) CEO James Farrell tells Proactive the company has identified three new carbonatite pipe targets from the recent gravity survey at Mick Well in the highly prospective Gascoyne Province of WA. KFM’s exploration is focusing on large-scale carbonatite targets along the 54-kilometre Chalba target corridor and the 30-kilometre Lockier target corridor. The three large carbonatite pipe targets have been found below high-grade vein and dyke REE mineralisation at Mick Well. They were generated using three-dimensional modelling of the gravity and magnetics data, with areas with more dense and more magnetic rocks identified from the geophysics.
Farrell said: “Our geophysical surveys have led to the identification of several compelling carbonatite pipe targets in the centre of the large-scale Mick Well project.
“These targets extend over an area of 7 kilometres by 4 kilometres and is where we have been progressively delineating high-grade REE mineralisation.
“There is a strong possibility that these targets put into place the final pieces of our geological discovery model and are the source of our REE mineralisation. Ground truthing and drill planning is now underway.”
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Proactive Investors
Jonathan Jackson
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