Kingfisher Mining Limited (ASX:KFM) has received high-grade rare earth elements (REE) from the results from the MW2 drilling at its 100% owned projects in the Gascoyne Mineral Field in Western Australia.
The results from MW2 continue to point to the emergence of an exciting and previously unrecognised REE region,” Executive Director and CEO, James Farrell, said.
“The grade of the mineralisation intersected in MWRC011 has significantly exceeded our expectations, especially with over seven percent TREO intersected over a one metre interval.
“The identification of a second mineralised zone which has the same geology as the recently announced discovery of a new 800m zone of outcropping REE mineralisation is an extremely positive sign for the potential of the MW2 Prospect.
“We have already planned follow-up drilling at MW2 and we are looking forward to receiving the results from the recent drilling of other targets in the Mick Well and Kingfisher areas in the coming weeks.”
MW2 Drilling Results
The current drill programme was designed to confirm the dip and strike of the mineralisation at MW2 and follow-up the results from the company’s recent REE discovery, which included 12m at 1.12% TREO, including 4m 1.84% TREO.
These objectives have successfully been achieved and the company is pleased to announce the new drilling results:
- MWRC011: 4m at 1.03% TREO with 0.17% Nd2O3 + Pr6O11 from 29m, including 1m at 2.78% TREO with 0.46% Nd2O3 + Pr6O11 from 32m.
- MWRC011: 5m at 3.45% TREO with 0.65% Nd2O3 + Pr6O11, including 3m at 5.21% TREO with 0.98% Nd2O3 + Pr6O11 from 102m. The interval also returned 1m at 7.13% TREO with 1.33% Nd2O3 + Pr6O11. • MWRC013: 8m at 1.05% TREO with 0.19% Nd2O3 + Pr6O11 from 72m.
The results from the recent drilling has led to the identification of a new mineralised zone, with MW2 now recognised to include a WNW-striking zone of allanite and monazite and a much higher grade NW-striking mineralised zone which has monazite as the dominant REE mineral.
The monazite dominant mineralisation is geologically very similar to the 800m of outcropping of high-grade mineralisation which was recently discovered 500m northwest of MW2.
The revised geological interpretation for MW2 now significantly recognises two different mineralised structures instead of one zone.
The updated interpretation is based on relogging of all of the RC drill chips together with the sample results as well as structural information collected from wireline logging of the drill holes. Drill holes MWRC015 and MWRC016 both ended in potassium fenite which is very similar to the potassium fenite intersected immediately before the monazite mineralisation in MWRC011.
This, together with the revised geological interpretation for MW2, is indicating that the monazite zone may be immediately below the current depth of these drill holes.
The company is now planning to extend MWRC015 and MWRC016 as well as undertake additional high priority drilling on the southwest end of this section
