Kingfisher Mining Limited (ASX:KFM) has unveiled numerous Rare Earth Elements (REE) targets in results from its recent tenement-scale magnetics and radiometrics airborne geophysics surveys at its 100% owned Lockier shear projects in the Gascoyne Mineral Field in Western Australia.
The latest results are from the Arthur River project area, which is located 30km southwest of Mick Well, where a significant amount of geophysical targets have also been identified and geological mapping has delineated strike lengths of more than five km of outcropping high grade Rare Earth Elements (REE) mineralisation and where drilling has returned results of 5.0m at 3.45% TREO (Total Rare Earth Oxides), including 3.0m at 5.21% TREO at MW2.
Our tenement-scale airborne geophysics surveys have once again led to the identification of more high quality and large-scale carbonatite targets, including a truly exceptional target which extends for over nine km and is comprised of numerous circular magnetic and thorium features which we interpret to be associated with carbonatite pipes and dykes,” Executive Director and CEO, James Farrell, said.
“This is the most significant and largest geophysical feature we have identified so far, adding significantly to an already impressive pipeline of geophysical targets and zones of outcropping high-grade mineralisation.
“The new targets are along the Lockier Shear Zone which is approximately 20km to the south and is parallel to the company’s 54km Chalba target corridor which hosts the high grade REE discoveries near Mick Well.
“The new targets at Arthur River together with our Mooloo Project extends the Company’s Lockier target corridor strike to 30km; a target zone of significant scale which provides for a second target corridor within our Gascoyne tenure.
“We recently announced a series new targets carbonatite targets along the Chalba mineralised corridor, which we hope to see develop into a world-class REE centre.
“We are now seeing similar high quality targets emerging along the Lockier corridor. We remain amazed that these two mineralised corridors extending over a total of 80km have never before been identified for carbonatites and REE mineralisation and we are extremely excited as to the prospective opportunities ahead of us as we progress our exploration in this emerging region.”
The targets include a very large (approximately nine km) target area, and seven large-scale high priority target areas that have been identified from the interpretation of the geophysics surveys, with each target selected from a combination of magnetic, potassium and thorium features.
Tens of other smaller circular features have also been identified in the magnetic data; each of these high magnetic features, particularly where clustered or where co- located with high thorium responses are of interest to the company for future project generation work.
All of the prioritised targets cover a substantial area, with the smallest LK3 being more than 2.2km long and one km wide. The largest target, LK1, is particularly significant, and is more than nine km long and more than 6.5km wide. LK1 is also comprised of multiple circular features which are defined by the magnetics and thorium, with the ring-shaped thorium feature having a diameter of 1.7km.
