Kingfisher rock spalling maps more mineralization at Mick Well

Kingfisher says rock chipping has broadened the reach of his Mick Well rare-earth game in WA.  Photo: Getty Images.
Kingfisher says rock chipping has broadened the reach of his Mick Well rare-earth game in WA. Photo: Getty Images.

Kingfisher’s Mick Well project in the Gascoyne area of ​​WA is emerging as a region-wide rare earth zone after rock chip sampling defined an additional 800m of outcropping mineralization.

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Rock chip analyzes yielded results of up to 21.13% total rare earth oxides (TREO) with 3.59% neodymium and praseodymium – valuable rare earths used to produce permanent magnets – in the newly defined zone, located 500 m northwest of MW2, where drilling intersected 12 m at TREO 1.12%.

And there’s a lot more to find with Kingfisher Mining (ASX:KFM) identify several mineralized dykes with the potential to extend known mineralization and discover additional carbonatite dykes.

This is an important discovery because REE deposits associated with carbonatite are the primary source of valuable elements globally.

More potential could be hidden in other high priority geophysical targets that the company has identified in a large area that extends 10 km WNW of MW2 within the company’s 54 km target corridor.

“The discovery of additional rare earth element mineralization in three parallel dykes just 500m from MW2 is a very exciting development for the company,” said Managing Director James Farrell.

“The high quality assay results exceeded our expectations and led to the identification of many new targets over a wide area at Mick Well.

“As our work expands along our 54 km target corridor, new targets will be progressively evaluated as we continue to increase our field work over the coming months.”

He added that the company was eagerly awaiting the results of recent drilling on the MW2 discovery target, the geological logging of which was instrumental in the discovery of the new mineralization.

“The newly identified mineralization is now ready for drilling and will be added to drill programs that have already been planned and contracted later in the year,” notes Farrell.

New REE mineralization

The outcropping mineralization contained in the three dykes comes from the surface and consists mainly of high-grade monazite and allanite – two important world sources of neodymium and praseodymium.

The identification of this mineralization has also enhanced the company’s understanding of the project’s geology and confirmed the effectiveness of airborne radiometry and magnetism in targeting ground mapping and the subsequent successful discovery of outcropping mineralization.

Additionally, the new high priority targets are also associated with carbonatite complexes as well as high thorium and magnetic responses – similar to what is observed for newly identified outcropping mineralized carbonatite dykes.

This article was developed in conjunction with Kingfisher Mining, a Stockhead advertiser at the time of publication.

This article does not constitute advice on financial products. You should consider obtaining independent advice before making any financial decisions.

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